• 4021 Poleline Rd, Pocatello, ID 83202

For Sale

Retail

For Sale

This property is available for sale
0.11
Acres
Negotiable
Sale Price
  • Overview

    This investment opportunity to acquire the ground lease interest in a 4,800-square foot Red Robin Restaurant. The NNN lease has 12.5 years remaining and has a corporate guarantee. The building fronts Pole Line Drive/Yellowstone Ave with strong daily traffic counts and lies in front of the 646,000 SF Pine Ridge Mall. Pine Ridge Mall is anchored by C-A-L Ranch, Hobby Lobby, JCPenney, Planet Fitness and Shopko. The area has excellent tenant synergy, a dynamic cross-shopping experience and is the primary  retail corridor on the region. At the heart of the Pocatello MSA, the subject property serves a trade area population of 125,000 within 25 miles and draws 250,000 people from the surrounding 50 miles.

    Strong tenant with 15 year NNN lease and ground lease
    Corporate Guaranteed LEASE expires 6/13/2031, includes two 5-year options
    More than 2,000 jobs added to area within one mile of subject site between 2016 and 2017
    Daytime employee population of more than 50,000 people
    Within dense retail corridor, more than 4.9 million SF of retail space
    Surrounding retailers include; The Home Depot, AMC Theater, Ulta Beauty, Walmart Supercenter, Costco, T.J. Maxx, Shoe Carnival, Dick’s Sporting Goods, Ashley Furniture, Ross Dress for Less, Bed Bath & Beyond and many more!
    Since 2013, Pine Ridge Mall ownership has invested $28 million in improvements and additions to the mall

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Property Details

Investment Opportunity | Red Robin Pocatello, ID

This investment opportunity to acquire the ground lease interest in a 4,800-square foot Red Robin Restaurant. The NNN lease has 12.5 years remaining and has a corporate guarantee. The building fronts Pole Line Drive/Yellowstone Ave with strong daily traffic counts and lies in front of the 646,000 SF Pine Ridge Mall. Pine Ridge Mall is anchored by C-A-L Ranch, Hobby Lobby, JCPenney, Planet Fitness and Shopko. The area has excellent tenant synergy, a dynamic cross-shopping experience and is the primary  retail corridor on the region. At the heart of the Pocatello MSA, the subject property serves a trade area population of 125,000 within 25 miles and draws 250,000 people from the surrounding 50 miles.

Strong tenant with 15 year NNN lease and ground lease
Corporate Guaranteed LEASE expires 6/13/2031, includes two 5-year options
More than 2,000 jobs added to area within one mile of subject site between 2016 and 2017
Daytime employee population of more than 50,000 people
Within dense retail corridor, more than 4.9 million SF of retail space
Surrounding retailers include; The Home Depot, AMC Theater, Ulta Beauty, Walmart Supercenter, Costco, T.J. Maxx, Shoe Carnival, Dick’s Sporting Goods, Ashley Furniture, Ross Dress for Less, Bed Bath & Beyond and many more!
Since 2013, Pine Ridge Mall ownership has invested $28 million in improvements and additions to the mall

  • Property Type
    Retail
  • Total Acres
    0.11
  • Last updated
    Mar 25, 2019
  • Property ID
    2032561

Landlord's Sales Representatives

  • Jared Zebe
    Colliers | Pocatello
     
  • Don Zebe
    Colliers | Pocatello
     
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