4200 POLE LINE ROAD OFFERING MEMORANDUM POCATELLO, ID

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1 POCATELLO, ID OFFERING MEMORANDUM Exclusively Marketed by: CAMERON SIMONSEN Executive Vice President Retail & Investment

2 PRICE... $2,900,000 FINANCIAL SUMMARY RENTABLE SF...6,000 SF CAP RATE % CURRENT ANNUAL BASE RENT (AS OF JULY 1, 2017)... $174,787 LEASE YEAR ANNUAL RENT CAP RATE 3 $174, % 4 $178, % 5 $181, % 6 $185, % 7 $189, % 8 $192, % 9 $196, % 10 $200, % 2

3 The investment opportunity is a new 6,000 square foot corporate Buffalo Wild Wings located in Pocatello, ID. The offering is an Absolute Triple Net (NNN) lease which is guaranteed by Blazin Wings, Inc. who is the parent company of Buffalo Wild Wings. The lease is a 10 year term with four 5 year options. The lease term commenced in June of EXECUTIVE SUMMARY The Buffalo Wild Wings in Pocatello, ID is located in the heart of the retail in the market. Surrounding anchor tenants include Walmart, Lowe s, Dick s Sporting Goods, Bed Bath & Beyond, Ross, etc. With a strong brand and solid real estate, this is an investment opportunity that will be tough to replace for years to come. HIGHLIGHTS Absolute Triple Net (NNN) Lease: The Tenant is in charge of all maintenance obligations. Long lease term: The current lease term commenced in June of 2015, with annual escalations throughout the primary term and option periods. Great real estate in the heart of all the retail development in Pocatello, ID. Located adjacent to the Pine Ridge Mall the region s only major enclosed shopping mall. Major tenants in the area include: Costco, Lowe s, Fred Meyer, Winco, WalMart Supercenter, Home Depot, Kmart, Texas Road House, Red Lobster, Ross, TJ Maxx, Ulta, Dicks Sporting Goods, and many others. Ranked by Forbes as a Best Small Place for Business 6 years in a row. 3

4 LEASE SUMMARY PROPERTY ADDRESS POLE LINE RD, YEAR BUILT TENANT... BUFFALO WILD WINGS LEASE TYPE... ABSOLUTE TRIPLE-NET (NNN) BUILDING SIZE... 6,000 SF LOT SIZE ACRES LEASE COMMENCEMENT DATE...JUNE 1, 2015 LEASE EXPIRATION DATE... JUNE OF 2025 EFFECTIVE LEASE TERM REMAINING... APPROX 8 YEARS RENEWAL OPTIONS... FOUR 5 YEAR OPTIONS RENT INCREASES... 2% ANNUALLY CURRENT MONTHLY BASE RENT... $14,566 4

5 INVESTMENT OFFERING 5

6 About the Tenant: Buffalo Wild Wings was founded in 1982 at a location near The Ohio State University. In 1991, they began a franchising program. In 2003, they completed an initial public offering and became a publicly-held company Nasdaq BWLD (Public). Today, there are over 1,200 restaurants in the United States, Canada, Mexico, Dubai and the Philippines. The BWW menu features traditional chicken wings, boneless wings, and other items including chicken tenders, flatbreads, specialty sandwiches and hamburgers, wraps, etc. The made to order menue items are enhanced by the bold flavor profile of their 21 signature sauces. The restaurants also offer approximately 30 domestic and imported beers on tap, including several local or regional craft micro-brews and a wide selection of bottled beers, wines and liquor. BWW restaurants have a widespread appeal and have won dozens of Best Wings and Best Sports Bar awards across the country. TENANT OVERVIEW Nasdaq: BWLD (Public) 1,237 LOCATIONS WORLD WIDE With revenues of over $2 billion, Buffalo Wild Wings has become one of the strongest restaurant brands in the world with continued expansion plans throughout the world in the works. 6

7 SITE PLAN Hurley Drive SITE Pole Line Road 7

8 Pocatello is the fifth largest city in Idaho, just behind Idaho Falls. Pocatello was recently ranked 20th on the Forbes list of Best Small Places for Business and Careers. It is home to Idaho State University, the manufacturing facility of ON Semiconductor, the 123,000 square foot L.E. and Thelma E. Stephens Performing Arts Center, the corporate headquarters for Farm Bureau Insurance and the Portneuf Medical Center. The market is served by the Pocatello Regional Airport. Founded in 1889, Pocatello is known as the Gateway to the Northwest. As pioneers, gold miners and settlers traveled the Oregon Trail they passed through the Portneuf Gap south of town. Stage and freight lines and the railroad soon followed, turning the community into a trade center and transportation junction. POCATELLO ACCOLADES Ranked by Forbes as a Best Small Place for Business 6 years in a row. Glassdoor Research recently found Pocatello to be in the top 30 cities in the nation for best economic recovery since the end of the Great Recession. Forbes recently ranked Pocatello 2nd on their Cost of Doing Business index. Ranked #1 on the top 10 small places to move and raise a family according to Primary Relocation and World ERC. Pocatello has been ranked by AARP as one of the top cities in the U.S. to retire. Best Small Cities in America by NerdWallet. Pocatello is known for stable/predictable tax rates, low energy costs and affordable land. The Milken Institute recently ranked the Pocatello MSA 3rd in growth rate of high-tech manufacturing companies. Pocatello is located in an area with a variety of transportation options including I-15, I-86, Pocatello Regional Airport and the Union Pacific Railroad. Idaho State University is one of just 36 schools currently certified the U.S. Government to train cyber security professionals. Idaho State University offers access to high-quality education in more than 280 programs with around 15,500 students. Idaho State University is the state s designated lead institution in health professions and medical educations. Financial Times fdi Magazine found Pocatello to be one of the top ten Micro Cities of the Future and ranked it 2nd Best Economic Potential and 5th in Best Quality of life. The U.S. Census Bureau ranked Idaho as the #5 Best Home Ownership rate in nation. Pocatello ranks in the top 10 places to live cheaply qualifying as some of the lowest living costs in the nation also have highly rated schools and low unemployment and crime rates. Pocatello ranked 2nd in Outdoor Life Magazine s 2010 list of Best Towns for Hunters and Fishermen. AREA OVERVIEW POCATELLO POPULATION 54,549 POCATELLO MEDIAN HOUSEHOLD INCOME $53,107 MEDIAN AGE 31 8

9 AERIAL MENU OBLIQUE CLOSE UP FINANCIAL SUMMARY 22,000 ADT EXECUTIVE SUMMARY YELLOWSTONE AVE TENANT OVERVIEW SITE PLAN AREA OVERVIEW 28,917 ADT AERIAL SITE Poleline Road Quinn Road Quinn Road 10,237 ADT 16,026 ADT 20,436 ADT Gateway West 9

10 AERIAL MENU CLOSE UP OBLIQUE FINANCIAL SUMMARY EXECUTIVE SUMMARY 20,43 TENANT OVERVIEW,00 SITE AV E 22 SITE PLAN 0A DT DT 6A Gateway West AREA OVERVIEW YELLOWSTONE AVE 28,917 ADT ONE YELLOWST 16,026 ADT AERIAL DT 7A,23 10 INN QU RD 10