Guthrie's
New 20-Year Abs NNN Lease
Marketing description
New 20-year absolute NNN lease with 7.5% rental increases every five years
Personal Guarantee with ~$70M net worth (stronger guarantee than many corporate tenants)
Open and operating
Guthrie’s opened its first restaurant in Auburn, AL in 1965 and considers itself to be “pioneers of the fried chicken finger-only restaurants”, with 45+ units open and operating
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
High-visibility and easily accessible location along South Vista Avenue, a major Boise north-south thoroughfare, with access to over 23,000 vehicles per day directly in front of the site
Located just off of the signalized intersection of South Vista Avenue & Kootenai Street, with access to a combined 34,047 vehicles per day
Located less than a mile from Boise State University, the largest University in Idaho, with a total undergraduate enrollment of over 26,000 students
Investment highlights
- High-visibility and easily accessible location along South Vista Avenue, a major Boise north-south thoroughfare, with access to over 23,000 vehicles per day directly in front of the site
- Surrounded by notable tenants such as Albertson’s, McDonald’s, Rite Aid, Starbucks, Jack in the Box, Dollar Tree, Cold Stone Creamery, Well Fargo, Jimmy John’s and many others
- Located less than a mile from Boise State University, the largest University in Idaho, with a total undergraduate enrollment of over 26,000 students
- Close proximity to several Boise community hubs including Bowden Park, Terry Day Park, Boise State Indoor Tennis Center, Ann Morrison Baseball Fields, Boise Depot and several others
- Strong demographics, with 184,067 residents living with a five-mile radius of the site
- Affluent average household incomes of $110,252 within a five-mile radius of the property
- The area within a five-mile radius of the site has experienced a 17% increase in population since 2010
- The site is surrounded by densely populated neighborhoods and communities, designated as the “Depot Bench” neighborhood, with 2,023 single-family homes.
- Projected AAHI and population increases within 1, 3 and 5-mile radii over the next five years poise Guthrie’s and Boise for steady concurrent growth
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