3136 W Quintale Dr

Investment Highlights

First Wienerschnitzel in Idaho! Absolute NNN lease with 20 years remaining and 10 % rent escalations every five years, meaning no landlord responsibility and increasing returns. High traffic area with frontage on Ten Mile road High-performing intersection with excellent visibility 6.2% cap rate, offering an appealing return to investors

Executive Summary

Henry Groves with John L Scott Real Estate is pleased to offer the first Wienerschnitzel in Idaho! This location opened on 03/22/2024. In the first 60 days they have done $600,000 in revenue. As of 05/20/2024 this location is currently the #1 in sales out of all 390 locations! In the month of May 2024 the revenue was $221,000! The current sales pace is breaking Wienerschnitzel records and on track to substantially exceed the revenue of the other top Wienerschnitzel locations.Located off of 3136 Quintale dr near the Ten Mile and McMillan intersection in Meridian, ID. Also, this location has premium frontage on Ten Mile road! Wienerschnitzel is the worlds largest hot dog chain with the top 25% of franchises averaging $1,432,387 in annual sales with a good amount of stores now doing over $2,000,000 in annual sales. Wienerschnitzel was founded in 1961, currently there is 351 locations that serve more than 120 million hot dogs annually! This investment has a long term tenant in place and is a NNN 20 year lease with two 5 year options to extend. Initial rent is $15,500 per month with 10% rent escalation every five years. This is a great opportunity with a 6.89% cap rate! Construction is complete and the restaurant is now open. See marketing flyer, site plan and exterior color and elevations attached. Reach out to listing agent with any additional questions.

• Sale Type    Investment NNN
• Sale Condition    Sale Leaseback
• Property Type    Retail
• Property Subtype    Fast Food Fast Food General Retail Freestanding General Retail Restaurant Fast Food
• Building Size    1,317
• Building Class    B
• Year Built    2024
• Price    2,700,000
• Price Per SF    2,050
• Cap Rate    6.89
• NOI    186,000
• Tenancy    Single
• Building Height    1 Story
• Building FAR    0.06
• Land Acres    0.53 AC

• Signage