OFFERING MEMORANDUM

Triple Net (NNN) Lease Investment Opportunity

4508 N Yellowstone Ave | Pocatello, ID 83202
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Exclusively Marketed By:
Jennifer D. Stein
ID Lic. # DB40618
(866) 236-5953 | DIRECT
burgerking@jdsreservices.com
JDS Real Estate Services, Inc.
1221 Puerta Del Sol, Suite 600
San Clemente, CA 92673
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INVESTMENT SUMMARY TENANT PROFILE
• Investment Summary • Burger King
• Investment Highlights
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AREA OVERVIEW LEASE ABSTRACT
• Location & Retail Map • Lease Summary
• Area Overview • Rent Roll
© 2019 The information contained in this ‘Offering Memorandum,’ has been obtained from sources believed to be reliable. We do not doubt its accuracy, however, we make
no guarantee, representation or warranty about the accuracy contained herein. It is the responsibility of each individual to conduct thorough due diligence on any and all
information that is passed on about the property to determine it’s accuracy and completeness. Any and all projections, market assumptions and cash flow analysis are used to
help determine a potential overview on the property, however there is no guarantee or assurance these projections, market assumptions and cash flow analysis are subject to
change with property and market conditions. We encourage all potential interested buyers to seek advice from your tax, financial and legal advisors before making any real
estate purchase and transaction.
INVESTMENT SUMMARY
OFFERING SUMMARY
PRICE $2,400,000
CAP 5.50%
NOI $132,000
PRICE PER SF $738.46
YEARS REMAINING 16 Years
LEASE GUARANTY 60-Unit Guarantee

PROPERTY SUMMARY
ADDRESS 4508 N Yellowstone Ave
Pocatello, ID 83202
COUNTY Bannock
BUILDING AREA 3,250 SF
LAND AREA 0.78 AC
BUILT 1983
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INVESTMENT HIGHLIGHTS
HIGHLIGHTS
• 16 Years Remaining on a Triple Net (NNN) Lease with
Zero Landlord Responsibilities

• 60+ Unit Lease Guarantee

• Population of 46,249 with an Average Household

Income of $63,504 Within a 3-Mile Radius

• Heavy Traffic Counts with 28,000 VPD Along

Yellowstone Ave and 24,000 VPD Along Interstate 86

• Minutes from Pine Ridge Mall (Payless ShoeSource,

GNC, Hobby Lobby), Home Depot, Walmart
Supercenter, Walgreens, TJ Maxx, Lowe’s, Dick’s
Sporting Goods, Ross Dress for Less, and FedEx

• Chubbuck is Part of the Pocatello Metropolitan

Statistical Area with a Population of 82,839
According to the 2010 Census. The MSA is Made Up
of Eight Communities. Located West of Hwy 15
Which Leads North Into Idaho Falls.

• Nearby Tenants Include: Idaho Central Credit Union

Administration, Jiffy Lube, Secure Storage, Domino’s
Pizza, Subway, Shell, Travel Lodge, Wendy’s, McKee’s
Feed and Garden & Pet Center
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LOCATION MAP
AERIAL MAP

E Chubbuck Rd

Yellowstone Ave
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RETAIL MAP

E Chubbuck Rd

Yellowstone Ave

67
 Yellowstone Ave (28,000 VPD)
AERA OVERVIEW

E Chubbuck Rd (11,956 VPD)

(31,744 VPD)
(23,997 VPD)

SUBJECT PROPERTY DEMOGRAPHICS

1 Mile 3 Mile 5 Mile

Population 8,853 46,249 68,638

Average Household Income $59,519 $63,504 $61,278

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AREA OVERVIEW
ABOUT THE CITY
Pocatello is the county seat and the largest city of Bannock County. A small portion of the city is on the Fort
Hall Indian Reservation in the neighboring area of Power County, in the southeastern part of the state.
Pocatello is the principal city of the Pocatello metropolitan area, which encompasses all of Bannock county. As
of the estimated 2016 census the population of the city is 54,746 residents. Pocatello is the fifth-largest city in
the state, just behind Idaho Falls. In 2007, the city was ranked twentieth on Forbes list of “Best Small Places
for Business and Careers”. Pocatello is the home of Idaho State University and the manufacturing facility of
ON Semiconductor. The city is at an elevation of 4,462 feet above sea level and is served by the Pocatello
Regional Airport.
POCATELLO, IDAHO

ECONOMY
The economy of Pocatello employs about 24,784 people and the economy is specialized in Educational
services; Utilities; and Finance & Insurance. Pocatello is the home of Idaho State University, with about 3,811
students, and the manufacturing facility of ON Semiconductor, a supplier of semiconductors that employs
about 700 people. The city was founded as an important stop on the first railroad in Idaho during the gold
rush, the city later became an important center for agriculture. It is located along the Portneuf River where it
emerges from the mountains onto the Snake River Plain, along the route of the Oregon Trail. The U.S Federal
Bureau of Investigations recently built a new data center in Pocatello, with plans to open in early 2019. The
data center is part of an initiative to consolidate operations into three enterprise data centers. The new center
plans to bring at least 500 jobs to the area. Other top employers in the area are Pocatello School District with
IDAHO STATE UNIVERSITY about 1,716 employees, and the Portneuf Medical Center with about 1,294 employees.

CULTURE & CONTEMPORARY LIFE

Old Town Pocatello has some beautiful buildings and great history. The old UP depot sits empty and is an
untapped tourist resource. The Idaho Zoo is a zoo in the city that features animals native to the Intermountain
West; it has been open since 1932. The zoo has more than 100 animals representing about 40 different
species. The city’s Museum of Clean is a modern museum showcasing exhibits on historic cleaning techniques
& tools, with brooms, tubs & more. This museum is the most popular attractive in the city. The Idaho Museum
of Natural History is the official state natural history museum of Idaho, located on the campus of Idaho State
University in Pocatello. The museum was founded in 1934, and it has collections in anthropology, vertebrate
paleontology, earth science, and the life sciences. The city has many hiking and outdoor activities including
the Chinese Peak. This peak is the highest point in the portion of the Portneuf Range called the Pocatello
119 IDAHO ZOO Range that has an elevation of 6,791 feet.
TENANT PROFILE Actual Property Image
Founded in 1954, BURGER KING® is the second-
largest fast food hamburger chain in the world and
the original HOME OF THE WHOPPER®. As of June
2018 it operated over 17,022 locations in 100
countries. Almost 100 percent of BURGER KING®
restaurants are owned and operated by independent
franchisees, many of them family-owned operations
that have been in business for decades.
Every day, more than 11 million guests visit BURGER KING® restaurants
around the world. And they do so because our restaurants are known for
serving high-quality, great-tasting, and affordable food. Founded in 1954,
BURGER KING® is the second largest fast food hamburger chain in the
world. The original HOME OF THE WHOPPER®, our commitment to
premium ingredients, signature recipes, and family-friendly dining
experiences is what has defined our brand for more than 50 successful
years.

Burger King’s parent company is Restaurant Brands International Inc. (“RBI”)

is one of the world’s largest quick service restaurant companies with more
than $30 billion in system-wide sales and over 24,000 restaurants in more
than 100 countries and U.S. territories. RBI owns three of the world’s most
prominent and iconic quick service restaurant brands – TIM HORTONS®,
BURGER KING®, and POPEYES®. These independently operated brands
have been serving their respective guests, franchisees and communities for
over 40 years.

COMPANY TYPE HEADQUARTERS # OF LOCATIONS FOUNDED WEBSITE

Subsidiary Miami – Dade County, FL 17,022+ 1954 bk.com
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LEASE ABSTRACT
LEASE SUMMARY
TENANT Burger King

A Building of
PREMISES
Approximately 3,250 SF

LEASE COMMENCEMENT January 1, 2018

LEASE EXPIRATION December 31, 2034

LEASE TERM 16 Years Remaining

RENEWAL OPTIONS 4 x 5 Years

RENT INCREASES 10% Every 5 Years

LEASE TYPE Triple Net (NNN)

USE Restaurant

PROPERTY TAXES Tenant’s Responsibility

INSURANCE Tenant’s Responsibility

COMMON AREA Tenant’s Responsibility

ROOF & STRUCTURE Tenant’s Responsibility

REPAIRS & MAINTENANCE Tenant’s Responsibility

HVAC Tenant’s Responsibility

UTILITIES Tenant’s Responsibility

RIGHT OF FIRST OFFER Yes

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RENT ROLL

TENANT SQUARE % OF ANNUAL RENT / INCREASE RENTAL LEASE LEASE

OPTIONS
NAME FOOTAGE TOTAL BASE RENT SF DATES INCREASE BEGIN END

Burger King 3,250 SF 100% $132,000 $40.62 Every 5 Years 10% 01/01/2018 12/31/2034 4 x 5 Years
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CONFIDENTIALLY AGREEMENT
The information contained in the following Offering Memorandum is proprietary and strictly confidential. It is intended to be
reviewed only by the party receiving it and should not be made available to any other person or entity without written
consent.

This Offering Memorandum has been prepared to provide summary, unverified information to prospective purchasers, and
to establish only a preliminary level of interest in the subject property.

The information contained herein is not a substitute for a thorough due diligence investigation, and makes no warranty or
representation, with respect to the income or expenses for the subject property, the future projected financial performance
of the property, the size and square footage of the property and improvements, the presence or absence of contaminating
substances, PCB’s or asbestos, the compliance with State and Federal regulations, the physical condition of the
improvements thereon, or the financial condition or business prospects of any tenant, or any tenant’s plans or intentions to
continue its occupancy of the subject property.

The information contained in this Offering Memorandum has been obtained from sources we believe to be reliable;
however, we have not verified, and will not verify, any of the information contained herein, nor have we conducted any
investigation regarding these matters and makes no warranty or representation whatsoever regarding the accuracy or
completeness of the information provided. All potential buyers must take appropriate measures to verify all of the
information set forth herein.

By receipt of this Memorandum, you agree that this Memorandum and its contents are of confidential nature, that you will
hold and treat it in the strictest confidence and that you will not disclose its contents in any manner detrimental to the
interest of the Owner. You also agree that by accepting this Memorandum you agree to release and hold us harmless from
any kind of claim, cost, expense, or liability arising out of your investigation and/or purchase of this property.

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Actual Property Image
Exclusively Marketed By:
Jennifer D. Stein
ID Lic. # DB40618
(866) 236-5953 | DIRECT
burgerking@jdsreservices.com

JDS Real Estate Services, Inc.

1221 Puerta Del Sol, Suite 600
San Clemente, CA 92673