1042 Yellowstone AvePocatello, ID 83201

For Sale
$2,880,000

High-yield QSR investment, Idaho.

Overview

Added:
Dec 11, 2024
Days on market:
94
This exceptional investment opportunity presents a 2,600-square-foot, single-tenant Hardee's/Carl's Jr. building in Pocatello, Idaho. Located on a 0.71-acre lot at 1042 Yellowstone Ave (83201), this Class B property boasts a strong 5.00% cap rate and a substantial $144,000 NOI. The property features a drive-thru and ample parking (28 spaces), situated on a highly trafficked thoroughfare with over 22,500 vehicles per day. The franchisee-guaranteed lease, with Snow Star, LP, commenced March 23, 2021, and extends to March 26, 2034, offering a remaining term of approximately 9.4 years, with 10% rent bumps every five years and four five-year lease options. The property is zoned C and benefits from its proximity to Idaho State University (less than 3 miles), serving a large student population. Pocatello, Idaho's sixth-largest city, offers a vibrant community with numerous attractions and a strong local economy. The asking price is $2,880,000 ($1,107.69/sq ft), and the property is offered debt-free, allowing for maximized yield potential. This is a rare opportunity to acquire a stable, high-performing investment in a desirable location.

Highlights

  • Strong Franchised Tenant: Snow Star LP, established in 2008, with over 69 western US locations, has a lease through September 2034.
  • High Traffic Location: Situated on Yellowstone Avenue, a major Pocatello thoroughfare with over 22,500 vehicles per day (VPD).
  • University Proximity: Less than 3 miles from Idaho State University, enrolling over 12,000 students.
  • Desirable Pocatello Location: Pocatello offers a blend of small-town charm and big-city amenities, including numerous parks, recreational facilities, and corporate headquarters.
  • Debt-Free Acquisition: The property is offered debt-free, allowing buyers to structure financing to maximize returns.

Property Details for 1042 Yellowstone Ave

Property type
Other retail properties, Restaurants
Square Feet
2,600 SF
Class
B
Buildings
1
Stories
1
Lot Size (sq. ft)
30,928 SF

Location Insight

City
Pocatello
County
Bannock
State
Idaho
Latitude
42.894244416998
Longitude
-112.45149566651
1042 Yellowstone Ave, Pocatello, Idaho

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1042 Yellowstone Ave
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