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Restaurant

Senor Garcia's Tex-Mex Grill

1600 Pocatello Creek Rd, Pocatello, ID 83201

Listing Price: $1,782,144

Cap Rate
6.25%
Tenant Name
Senor Garcia's Tex-Mex Grill, Inc
Years Remaining On Lease
8.0
Guarantor
Personal Guarantee
Rentable SF
5,200
Lease Type
Absolute Net
Rent Per Square Feet
$21.42

Investment Overview

Marcus & Millichap has been selected to exclusively market for sale Senor Garcia's Tex-Mex Grill featuring a brand new 8-year Absolute NNN Lease with 2% annual rent increases. The Property benefits from its close proximity to Idaho State University and I-55 (37,500+ VPD) and is located adjacent to a hospitality hub with chains like La Quinta, Quality Inn, and Grand Idaho. The Property is guaranteed by an experienced operator with strong regional recognition and loyal dine-in customers. The lease type is absolute NNN with the Landlord having no management or repair responsibilities.

Investment Highlights

  • AAA Fast Casual Restaurant Location
  • Brand New 8-Year Absolute NNN Lease
  • 2% Annual Rent Increases
  • Located 2 Miles From Idaho State University
  • Absolute NNN Lease
  • Rapidly Growing Trade Area with 74,457 Residents Within a Five-Mile Radius
  • Relocation Store for Experienced Operator

Broker of Record

  • Adam Lewis

    Vice President/Regional Manager

    (303) 328-2000

    License(s) ID: DB54599

    Idaho

Restaurant

Senor Garcia's Tex-Mex Grill

Listing Price: $1,782,144

Cap Rate
6.25%
Tenant Name
Senor Garcia's Tex-Mex Grill, Inc
Years Remaining On Lease
8.0
Guarantor
Personal Guarantee
Rentable SF
5,200
Lease Type
Absolute Net
Rent Per Square Feet
$21.42

Investment Highlights

  • AAA Fast Casual Restaurant Location
  • Brand New 8-Year Absolute NNN Lease
  • 2% Annual Rent Increases
  • Located 2 Miles From Idaho State University
  • Absolute NNN Lease
  • Rapidly Growing Trade Area with 74,457 Residents Within a Five-Mile Radius
  • Relocation Store for Experienced Operator

Investment Overview

Marcus & Millichap has been selected to exclusively market for sale Senor Garcia's Tex-Mex Grill featuring a brand new 8-year Absolute NNN Lease with 2% annual rent increases. The Property benefits from its close proximity to Idaho State University and I-55 (37,500+ VPD) and is located adjacent to a hospitality hub with chains like La Quinta, Quality Inn, and Grand Idaho. The Property is guaranteed by an experienced operator with strong regional recognition and loyal dine-in customers. The lease type is absolute NNN with the Landlord having no management or repair responsibilities.

Broker of Record

  • Adam Lewis

    Vice President/Regional Manager

    (303) 328-2000

    License(s): ID: DB54599

    Idaho

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