4105 Yellowstone Ave
Pocatello, ID 83202
Retail Property For Sale

Capital Pacific is pleased to present the opportunity to acquire a Red Lobster in Pocatello, ID (Pocatello MSA). The subject property features a 5-year corporate NNN lease, with the tenant reimbursing for their share of common area maintenance, tax, and insurance expenses, resulting in zero landlord maintenance or expense responsibilities. Additionally, the lease includes five percent rental increases at each option period. Red Lobster, which was recently purchased for $2.1 billion by Bay Area based Golden Gate Capital, is a nationally recognized seafood chain with over 700 locations in the U.S. and Canada. The property features standalone visibility along Yellowstone Avenue, the area’s most trafficked thoroughfare that connects directly to the nearby I-86 freeway. As such, the property benefits from daily traffic of over 27,000 VPD. The site is outparceled to the Hobby Lobby anchored Pine Ridge Mall, one of Pocatello’s main shopping destinations. The surrounding area is densely populated, with over 70,000 residents in a five mile radius. Nearby economic drivers include Idaho State University (over 12K students) and major national tenants like Walmart, Costco, Home Depot, Tractor Supply Co., and Walgreens.