Guthrie's | Meridian, ID 1840 West Chinden Boulevard

Investment Highlights

New 15-year absolute NNN sale-leaseback Guthrie?s opened its first restaurant in Auburn, AL in 1965 and considers itself to be ?pioneers of the fried chicken finger-only restaurants? New high-quality 2023 construction built to latest Guthrie?s prototype Personal Guarantee with ~$70M net worth (stronger guarantee than many corporate tenants) Developer/Seller has signed a 100+ unit area development agreement in ID, NV, AZ, NM, & CO which will create further country-wide brand equity Site features a drive-thru for added customer convenience

Executive Summary

Strategic Location: Just off the signalized intersection of U.S. Route 20 / U.S. Route 26 / West Chinden Boulevard and North Linder Road (combined 35,070 AADT)Quickly Growing Retail Corridor: Adjacent to Eagle Island Marketplace (anchored by Fred Meyers), across from Orchard Park (anchored by WinCo Foods), and surrounded by major national retailers including Starbucks, McDonald?s, Olive Garden, Chipotle, and many moreAffluent and Densely Populated Area: Within a 1-mile radius of the site the average annual household income is $178,159, while 161,629 residents live within 5 miles of the siteBeneficial Proximity to Recreational Areas: This Guthrie?s is just down the street from The Club at SpurWing (a country club featuring an 18-hole Championship Golf Course) and Eagle Island State Park (a 545-acre park with facilities including a swimming beach, picnic area, equestrian trails, and a water slide)Surrounded by Well-Attended Schools: Across the street from Willow Creek Elementary (567 students) and Challenger School - Meridian (405 students), and located less than three miles from Rocky Mountain High School (1,978 students), Heritage Middle School (1,041 students), and Sawtooth Middle School (923 students),Gateway to Boise: Located less than 13 miles from Boise (the capital city of Idaho with a population of 236,634) and Boise State University (home to 26,000+ students)

• Sale Type    Investment NNN
• Sale Conditions    1031 Exchange 1031 Exchange Build to Suit 1031 Exchange
• Property Type    Retail
• Property Subtype    Restaurant Restaurant General Retail Fast Food Restaurant
• Building Size    2,083
• Building Class    B
• Year Built    2023
• Price    4,189,000
• Price Per SF    2,011
• Cap Rate    5.85
• NOI    245,000
• Tenancy    Single
• Building Height    1 Story
• Building FAR    0.05
• Land Acres    0.97 AC