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SUBWAY / PAPA JOHN's 114 South Fifth Avenue, Pocatello, ID 83201

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SUBWAY / PAPA JOHN's 114 South Fifth Avenue, Pocatello, ID 83201 SUBWAY / PAPA JOHN'S 114 South Fifth Avenue, Pocatello, ID 83201 For More Information, Contact: FOR SALE Dann Wonser 503.972.7279 [email protected] Licensed in OR ID CL53318 2 Centerpointe Drive, Suite 500 | Lake Oswego, OR 97035 MACADAMFORBES.COM | 503.227.2500 All of the information contained herein was obtained either from the owner or other parties we consider reliable. We have no reason to doubt its accuracy, however we do not guarantee it. FOR SALE 114 South Fifth Avenue, Pocatello, ID 83201 PROPERTY DESCRIPTION This two-tenant retail center is occupied by two national tenants with a long track record at this location. Papa Johns has been a tenant for eighteen years, and Subway for nine. Both businesses easily pivoted to 100% take-out during the pandemic. Neither has missed a rent payment. OFFERING SUMMARY Sale Price: $760,489 Lot Size: 0.33 Acres Building Size: 2,700 SF NOI: $47,531.00 Cap Rate: 6.25% Dann Wonser 503.972.7279 [email protected] Licensed in OR ID CL53318 All of the information contained herein was obtained either from the owner or other parties we consider reliable. We have no reason to doubt its accuracy, however we do not guarantee it. MACADAMFORBES.COM | 503.227.2500 114 South Fifth Avenue, Pocatello, ID 83201 FOR SALE PROPERTY HIGHLIGHTS Long-term national tenants 0.4 Miles from Idaho State University (12,450 Students) High trafc signalized intersection NNN leases 21 parking spaces (7.8 per 1,000 SF) PROPERTY DETAILS Zoning: CG Year Built: 2003 Dann Wonser 503.972.7279 [email protected] Licensed in OR ID CL53318 All of the information contained herein was obtained either from the owner or other parties we consider reliable. We have no reason to doubt its accuracy, however we do not guarantee it. MACADAMFORBES.COM | 503.227.2500 FOR SALE 114 South Fifth Avenue, Pocatello, ID 83201 Subway is one of the fastest-growing franchises in the world and, as of October 2019, had 41,512 locations in more than 100 countries. More than half its locations (23,928 ) are in the United States. It is also the largest single-brand restaurant chain, and the largest restaurant operator, in the world. Papa John's is the fourth largest pizza delivery restaurant chain in the United States, with 5,395 locations. In January 2002, Papa John's became the rst national pizza chain to make online ordering available to all of its U.S. customers. DEMOGRAPHICS 1 MILE 3 MILES 5 MILES Total Households 4,119 19,306 30,759 Total Population 9,336 48,459 81,061 Average HH Income $43,326 $47,168 $53,730 Dann Wonser 503.972.7279 [email protected] Licensed in OR ID CL53318 All of the information contained herein was obtained either from the owner or other parties we consider reliable. We have no reason to doubt its accuracy, however we do not guarantee it. MACADAMFORBES.COM | 503.227.2500 114 South Fifth Avenue, Pocatello, ID 83201 FOR SALE RENT ROLL LEASE LEASE MONTHLY TENANT COMMENCE END RENT CAMS SF RENT/SF NOTES Rent & CAMS reect rate as of 4/1/2022. Seller will credit the Subway 3/12/2012 3/31/2027 $1,739.00 NNN 1,350 $15.46 difference from current rate. 2% annual rent bumps commencing 4/1/23. Papa 6/24/2003 7/31/2025 $2,244.38 NNN 1,350 $19.95 Two, ve-year renewal options at FMV. John's TOTAL $3,983.38 NNN $2,700.00 $17.70 ANNUAL $47,800.56 FINANCIAL SUMMARY Base Rent $47,800.56 CAMS NNN Property Taxes NNN Insurance NNN Reserves at $0.10/SF $270.00 NET OPERATING INCOME $ 47,530.56 Dann Wonser 503.972.7279 [email protected] Licensed in OR ID CL53318 All of the information contained herein was obtained either from the owner or other parties we consider reliable. We have no reason to doubt its accuracy, however we do not guarantee it. MACADAMFORBES.COM | 503.227.2500 FOR SALE 114 South Fifth Avenue, Pocatello, ID 83201 Dann Wonser 503.972.7279 [email protected] Licensed in OR ID CL53318 All of the information contained herein was obtained either from the owner or other parties we consider reliable. We have no reason to doubt its accuracy, however we do not guarantee it. MACADAMFORBES.COM | 503.227.2500.
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