Wells Fargo | Absolute NNN Lease

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.

Available