- For Sale $1,719,000
- Property Type Other
- Lot Size 0.98 SF
- Date Updated Apr 15, 2024
The Snyder Carlton National Net Lease Team is pleased to offer to investors an opportunity to purchase a single tenant absolute NNN leased asset that is fully occupied by Wells Fargo in Pocatello, ID. With over 42 years of operating history at this location, 6+ lease years remain in the primary term, four 5-year option periods, rent increases every 5 years during option periods, and zero landlord responsibilities, this asset is ideal for a coupon clipper or a 1031 exchange asset.
Strategically positioned along the main retail corridor in Pocatello, the subject property is an outparcel to Pine Ridge Mall, a 600,000+ SF regional mall, with nearby retailers including Walmart Supercenter, Costco, Lowe’s, The Home Depot, Starbucks, McDonald’s, Panera Bread, Walgreens, and more. The 3,129 SF bank building with three drive-thru lanes on 0.98 acre parcel is located on the hard corner signalized intersection of Yellowstone Ave (28,000 VPD) and Pine Ridge E. The site offers excellent visibility and is easily accessible from interstates 86 and 15, two main arteries through the state, which have a combined traffic count of over 58,600 VPD.
This is a great opportunity to purchase a long-term absolute NNN leased bank positioned in a dominant retail location with over 6 lease years remaining, four 5-year option period, zero landlord obligations, and years of inflation resistant income.
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Contacts
Jereme Snyder
Jim Shipman
Location
Getting Around
-
Walk Score ®
Somewhat Walkable (59) -
Bike Score ®
Somewhat Bikeable (48)
- City Pocatello, ID
- Neighborhood Chubbuck
- Zip Code 83202
Points of Interest
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Exxon
0.07 miles
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Shell
0.33 miles
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Maverik
0.51 miles
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Costco Gasoline
0.76 miles
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Exxon
0.79 miles
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Smith's
0.88 miles
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Maverik
1.23 miles
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Fred Meyer
1.58 miles
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Tesla Supercharger
1.73 miles
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Common Cents
1.73 miles
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Idaho National Laboratory
0.29 miles
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Free Parking - Old Town Pocatello
3.13 miles
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Free Parking Lot 2 - Old Town Pocatello
3.19 miles
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IHOP
0.10 miles
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Red Lobster
0.11 miles
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McDonald's
0.13 miles
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Denny's
0.17 miles
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MOD Pizza
0.18 miles
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MacKenzie River Pizza
0.23 miles
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Texas Roadhouse
0.30 miles
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Buffalo Wild Wings
0.31 miles
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Arby's
0.38 miles
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Arctic Circle
0.38 miles
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Gem Prep
0.23 miles
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Wilcox Elementary
0.83 miles
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Syringa Elementary School
1.11 miles
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Hawthorne Middle School
1.16 miles
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Grace Lutheran Elementary School
1.19 miles
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Chubbuck Elementary School
1.28 miles
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Alameda Center
1.38 miles
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Connor Academy grounds
1.45 miles
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Ellis Elementary
1.78 miles
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Tendoy Elementary
1.85 miles
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ABC Kid City Daycare
3.50 miles