Wells Fargo | NNN Lease Wells Fargo Pad | New 10 Year Extension

4195 Yellowstone Avenue, Pocatello, ID

$1,563,000

Price

5.5%

Cap Rate

$85,941

NOI

Overview
Cap Rate
5.5%
NOI
$85,941
Building Size
3,040 sqft
Lot Area
0.57 acres
Lease Type
Triple Net
Parking Spots
29
Description

CAPITAL PACIFIC is pleased to present the opportunity to acquire a NNN leased Wells Fargo Bank in Pocatello, ID. The property is a well-located, freestanding pad in the heart of the city’s largest retail/commercial hub. The property features a recent 10-year lease extension from Wells Fargo, further extending its long operating history of 40 years at this location. Additionally, the lease structure includes rent increases during the renewal options. The property is NNN, meaning there are almost no Landlord responsibilities, making this an ideal investment for out-of-state investors. It is prominently positioned on the outlot to the Pine Ridge mall, a regionally-drawing shopping mall located within the area’s prime retail corridor.

THE PROPERTY is located along Yellowstone Avenue, with excellent frontage and visibility from the street. The recent construction building benefits from being well positioned between two main intersections that provide access to and from Pine Ridge Mall. Additionally, the property is directly across the street from Walmart Supercenter and is surrounded by complementary retailers including Lowe’s, Ulta Beauty, TJ Maxx, and Dick’s Sporting Goods.

Highlights
  • NNN Wells Fargo with a new 10-year lease extension
  • High-visibility, freestanding location with a drive-thru
  • Long operating history – Wells Fargo has been at this location since 1980
  • Prominent outparcel to Pine Ridge regional mall
  • Signalized full-access points and excellent traffic counts (27k VPD)
Documents

Location
Gallery