offering memorandum

Sierra Trading

Post

530 e. SonaTa Lane | meridian, id 83642

SingLe TenanT reTaiL

nnn Leased7.85% CaP$3,750,000$3,950,000

tokcommercial.com

NEW LOWER PRICE!

Holly Chetwood, CCim 208.974.0827 holly@tokcommercial.comBob mitchell, CSm 208.974.0836 bob@tokcommercial.com

OFFERED BY:

t o k c o m m e r c i a l . c o m

Confidentiality agreement The offering 1

rent roll 2

Tenant Profile 3

Property Photographs 4

Property Site map 5

aerial Locator map 6

demographics 7

Boise area information 9

Confidentiality agreement 10

SeCTion 1Clientregistration

The information presented has been obtained from sources believed reliable. You are responsible for confirming its accuracy and completeness. Any projections, opinions, assumptions or estimates used are for example only and do not represent the current or future performance of the property. The value of this transaction depends on many factors which should be evaluated through investigation by your advisors.

STRONG CREDIT TENANT

Table of Contents

SeCTion 2Propertyoffering & financials

SeCTion 3Property Photos& Plans

SeCTion 4demographic& market info

t o k c o m m e r c i a l . c o m [1]Sierra Trading Post

Property address: 530 e. Sonata Lane meridian, idaho 83642

Property description: freestanding retail showroom

Building Size: 25,457 Sf Total

Parcel Size: 1.72 acres Total

Zoning: C-g

• Strong credit tenant

• rare freeway visibility and access

• Contemporary design

offering overview

The Offering

100% oCCuPied

offering Price: $3,750,000.00 | $147.31 per square foot $3,950,000.00

Capitalization rate: 7.85%

net operating income: $294,537

Current occupancy: 100%

Tenant: Sierra Trading Post

Term: 1/31/2017 - 12/31/2021

Lease rates: $13.00 per square foot

Sum

mar

y

Property overview

Hig

hlig

hts

Proforma

gross income: $330,941

Less 2% reserves: ($6,619)

Less 5% Vacancy: ($16,547)

Less 4% management fee: ($13,238)

Net Operating Income: $294,537

CaP rate: 7.85%

net Purchase Price: $3,750,000

Price Per Sq. ft: $147.31

t o k c o m m e r c i a l . c o m [2]Sierra Trading Post

rent Roll

t o k c o m m e r c i a l . c o m [3]Sierra Trading Post

Tenant ProfileThe Sierra Trading Post journey started in 1986 with one tiny warehouse space, a hand-drawn

catalog, and a vision of making the world’s top brands affordable and accessible to everyone. after the mail-order business took off in the late 1980s, we launched our website (becoming one of the first catalog companies to establish an online presence) and now, we continue to establish convenient retail locations across the united States. We’re proud to continue helping adventurous souls get outdoors – staying true to our roots – offering tremendous everyday value, quality brands and outstanding customer service. Thank you for being a part of the Sierra Trading Post journey; we look forward to many more years of helping you explore more, try new things and enjoy all life has to offer.

Sierra Trading Post was acquired by TJX Companies, inc. in 2012, and launched its e-commerce site, Sierra TradingPost.com, in 1998. There are currently 30 stores in 19 states:

t o k c o m m e r c i a l . c o m [4]Sierra Trading Post

Property Photography

t o k c o m m e r c i a l . c o m [5]Sierra Trading Post

SONATA LANE

EIGHT MILE LATERAL

INDU

STRI

AL W

AY

Property Site Plan

Sierra Trading PoST25,457 Sf

109 SPaCeSPro SourCe

fLooring14,165 Sf

Lee readJeWeLerS10,000 Sf

t o k c o m m e r c i a l . c o m [6]Sierra Trading Post

CLICK HERE FOR A “STREET VIEW” >

aerial Locator Map

SITE

t o k c o m m e r c i a l . c o m [7]Sierra Trading Post

Site Map530 E Sonata Ln, Meridian, Idaho, 83642 Prepared by EsriRings: 1, 3, 5 mile radii Latitude: 43.59474

Longitude: -116.38751

October 31, 2018

©2018 Esri Page 1 of 1

Property Demographics

Population: Avg HH Income:Employees:Median Age:

1 Mi. 3 Mi. 5 Mi.

6,813 66,128 178,467

$93,485 $85,790 $87,390 8,888 35,608 59,638 35.8 34.8 35.0

2018

3 Mile

5 Mile

Site demographics map demographic Snapshot

1 Mile

t o k c o m m e r c i a l . c o m [8]Sierra Trading Post

Demographic and Income Profile530 E Sonata Ln, Meridian, Idaho, 83642 Prepared by EsriRing: 1 mile radius Latitude: 43.59474

Longitude: -116.38751

Summary Census 2010 2018 2023Population 5,848 6,813 7,609Households 2,106 2,459 2,748Families 1,664 1,911 2,124Average Household Size 2.76 2.75 2.75Owner Occupied Housing Units 1,659 1,906 2,187Renter Occupied Housing Units 447 553 561Median Age 34.7 35.8 36.1

Trends: 2018 - 2023 Annual Rate Area State NationalPopulation 2.23% 1.47% 0.83%Households 2.25% 1.42% 0.79%Families 2.14% 1.29% 0.71%Owner HHs 2.79% 1.65% 1.16%Median Household Income 3.34% 2.14% 2.50%

2018 2023 Households by Income Number Percent Number Percent

<$15,000 153 6.2% 148 5.4%$15,000 - $24,999 146 5.9% 123 4.5%$25,000 - $34,999 151 6.1% 120 4.4%$35,000 - $49,999 319 13.0% 296 10.8%$50,000 - $74,999 558 22.7% 568 20.7%$75,000 - $99,999 333 13.5% 378 13.8%$100,000 - $149,999 357 14.5% 485 17.6%$150,000 - $199,999 279 11.3% 376 13.7%$200,000+ 164 6.7% 252 9.2%

Median Household Income $69,014 $81,338Average Household Income $93,485 $110,498Per Capita Income $32,358 $38,203

Census 2010 2018 2023 Population by Age Number Percent Number Percent Number Percent

0 - 4 477 8.2% 510 7.5% 567 7.5%5 - 9 509 8.7% 551 8.1% 594 7.8%10 - 14 525 9.0% 576 8.5% 624 8.2%15 - 19 435 7.4% 498 7.3% 546 7.2%20 - 24 277 4.7% 369 5.4% 402 5.3%25 - 34 722 12.3% 824 12.1% 960 12.6%35 - 44 859 14.7% 937 13.8% 1,044 13.7%45 - 54 820 14.0% 875 12.8% 918 12.1%55 - 64 607 10.4% 805 11.8% 867 11.4%65 - 74 348 5.9% 528 7.7% 645 8.5%75 - 84 184 3.1% 239 3.5% 331 4.3%

85+ 86 1.5% 102 1.5% 112 1.5%Census 2010 2018 2023

Race and Ethnicity Number Percent Number Percent Number PercentWhite Alone 5,373 91.9% 6,161 90.4% 6,781 89.1%Black Alone 57 1.0% 75 1.1% 97 1.3%American Indian Alone 30 0.5% 38 0.6% 44 0.6%Asian Alone 87 1.5% 121 1.8% 154 2.0%Pacific Islander Alone 8 0.1% 9 0.1% 11 0.1%Some Other Race Alone 127 2.2% 174 2.6% 224 2.9%Two or More Races 166 2.8% 234 3.4% 299 3.9%

Hispanic Origin (Any Race) 395 6.8% 551 8.1% 719 9.4%Data Note: Income is expressed in current dollars.

Source: U.S. Census Bureau, Census 2010 Summary File 1. Esri forecasts for 2018 and 2023.

October 31, 2018

©2018 Esri Page 1 of 6

Demographic and Income Profile530 E Sonata Ln, Meridian, Idaho, 83642 Prepared by EsriRing: 3 mile radius Latitude: 43.59474

Longitude: -116.38751

Summary Census 2010 2018 2023Population 53,120 66,128 73,242Households 18,820 23,294 25,792Families 14,342 17,435 19,138Average Household Size 2.81 2.82 2.83Owner Occupied Housing Units 14,008 17,201 19,431Renter Occupied Housing Units 4,812 6,093 6,361Median Age 33.7 34.8 35.2

Trends: 2018 - 2023 Annual Rate Area State NationalPopulation 2.06% 1.47% 0.83%Households 2.06% 1.42% 0.79%Families 1.88% 1.29% 0.71%Owner HHs 2.47% 1.65% 1.16%Median Household Income 3.29% 2.14% 2.50%

2018 2023 Households by Income Number Percent Number Percent

<$15,000 1,694 7.3% 1,692 6.6%$15,000 - $24,999 1,517 6.5% 1,304 5.1%$25,000 - $34,999 1,766 7.6% 1,425 5.5%$35,000 - $49,999 2,941 12.6% 2,776 10.8%$50,000 - $74,999 5,130 22.0% 5,174 20.1%$75,000 - $99,999 3,347 14.4% 3,834 14.9%$100,000 - $149,999 3,758 16.1% 5,120 19.9%$150,000 - $199,999 1,998 8.6% 2,709 10.5%$200,000+ 1,144 4.9% 1,758 6.8%

Median Household Income $65,991 $77,603Average Household Income $85,790 $100,731Per Capita Income $30,102 $35,289

Census 2010 2018 2023 Population by Age Number Percent Number Percent Number Percent

0 - 4 4,495 8.5% 5,081 7.7% 5,577 7.6%5 - 9 4,838 9.1% 5,387 8.1% 5,729 7.8%10 - 14 4,535 8.5% 5,505 8.3% 5,893 8.0%15 - 19 3,726 7.0% 4,682 7.1% 5,181 7.1%20 - 24 2,692 5.1% 3,736 5.6% 3,973 5.4%25 - 34 7,302 13.7% 8,832 13.4% 10,058 13.7%35 - 44 8,025 15.1% 9,322 14.1% 10,271 14.0%45 - 54 7,083 13.3% 8,449 12.8% 8,845 12.1%55 - 64 5,167 9.7% 7,303 11.0% 8,005 10.9%65 - 74 2,874 5.4% 4,791 7.2% 5,829 8.0%75 - 84 1,603 3.0% 2,105 3.2% 2,875 3.9%

85+ 780 1.5% 934 1.4% 1,005 1.4%Census 2010 2018 2023

Race and Ethnicity Number Percent Number Percent Number PercentWhite Alone 48,725 91.7% 59,724 90.3% 65,108 88.9%Black Alone 418 0.8% 604 0.9% 783 1.1%American Indian Alone 304 0.6% 402 0.6% 477 0.7%Asian Alone 919 1.7% 1,350 2.0% 1,705 2.3%Pacific Islander Alone 76 0.1% 96 0.1% 115 0.2%Some Other Race Alone 1,139 2.1% 1,656 2.5% 2,126 2.9%Two or More Races 1,540 2.9% 2,297 3.5% 2,929 4.0%

Hispanic Origin (Any Race) 3,708 7.0% 5,483 8.3% 7,131 9.7%Data Note: Income is expressed in current dollars.

Source: U.S. Census Bureau, Census 2010 Summary File 1. Esri forecasts for 2018 and 2023.

October 31, 2018

©2018 Esri Page 3 of 6

Demographic and Income Profile530 E Sonata Ln, Meridian, Idaho, 83642 Prepared by EsriRing: 5 mile radius Latitude: 43.59474

Longitude: -116.38751

Summary Census 2010 2018 2023Population 145,064 178,467 198,632Households 50,011 61,111 67,891Families 38,594 46,283 50,996Average Household Size 2.89 2.91 2.92Owner Occupied Housing Units 38,602 47,167 52,920Renter Occupied Housing Units 11,409 13,944 14,971Median Age 33.9 35.0 35.5

Trends: 2018 - 2023 Annual Rate Area State NationalPopulation 2.16% 1.47% 0.83%Households 2.13% 1.42% 0.79%Families 1.96% 1.29% 0.71%Owner HHs 2.33% 1.65% 1.16%Median Household Income 2.99% 2.14% 2.50%

2018 2023 Households by Income Number Percent Number Percent

<$15,000 4,191 6.9% 4,269 6.3%$15,000 - $24,999 3,371 5.5% 2,904 4.3%$25,000 - $34,999 4,421 7.2% 3,548 5.2%$35,000 - $49,999 8,072 13.2% 7,580 11.2%$50,000 - $74,999 13,090 21.4% 13,394 19.7%$75,000 - $99,999 9,211 15.1% 10,554 15.5%$100,000 - $149,999 10,764 17.6% 14,449 21.3%$150,000 - $199,999 4,845 7.9% 6,455 9.5%$200,000+ 3,146 5.1% 4,737 7.0%

Median Household Income $68,304 $79,126Average Household Income $87,390 $101,605Per Capita Income $30,193 $35,013

Census 2010 2018 2023 Population by Age Number Percent Number Percent Number Percent

0 - 4 11,959 8.2% 13,655 7.7% 15,210 7.7%5 - 9 13,141 9.1% 14,643 8.2% 15,815 8.0%10 - 14 12,589 8.7% 14,887 8.3% 16,082 8.1%15 - 19 10,304 7.1% 12,251 6.9% 13,691 6.9%20 - 24 7,204 5.0% 9,522 5.3% 9,809 4.9%25 - 34 19,618 13.5% 24,146 13.5% 27,334 13.8%35 - 44 21,742 15.0% 25,575 14.3% 29,198 14.7%45 - 54 19,343 13.3% 22,071 12.4% 23,256 11.7%55 - 64 14,957 10.3% 19,861 11.1% 21,259 10.7%65 - 74 8,313 5.7% 13,862 7.8% 16,573 8.3%75 - 84 4,155 2.9% 5,781 3.2% 7,943 4.0%

85+ 1,740 1.2% 2,213 1.2% 2,463 1.2%Census 2010 2018 2023

Race and Ethnicity Number Percent Number Percent Number PercentWhite Alone 131,903 90.9% 159,570 89.4% 174,613 87.9%Black Alone 1,240 0.9% 1,774 1.0% 2,306 1.2%American Indian Alone 799 0.6% 1,020 0.6% 1,200 0.6%Asian Alone 3,704 2.6% 5,187 2.9% 6,490 3.3%Pacific Islander Alone 251 0.2% 328 0.2% 402 0.2%Some Other Race Alone 3,062 2.1% 4,445 2.5% 5,727 2.9%Two or More Races 4,106 2.8% 6,144 3.4% 7,896 4.0%

Hispanic Origin (Any Race) 9,851 6.8% 14,553 8.2% 19,032 9.6%Data Note: Income is expressed in current dollars.

Source: U.S. Census Bureau, Census 2010 Summary File 1. Esri forecasts for 2018 and 2023.

October 31, 2018

©2018 Esri Page 5 of 6

income Profile & Demographics

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Demographic and Income Profile530 E Sonata Ln, Meridian, Idaho, 83642 Prepared by EsriRing: 1 mile radius Latitude: 43.59474

Longitude: -116.38751

AreaStateUSA

Trends 2018-2023Trends 2018-2023

Ann

ual R

ate

(in

perc

ent) 3

2.5

2

1.5

1

0.5

0Population Households Families Owner HHs Median HH Income

20182023

Population by AgePopulation by Age

Perc

ent

12

10

8

6

4

2

00-4 5-9 10-14 15-19 20-24 25-34 35-44 45-54 55-64 65-74 75-84 85+

2018 Household Income 2018 Household Income

<$15K6.2%

$15K - $24K5.9%

$25K - $34K6.1%

$35K - $49K13.0%

$50K - $74K22.7%

$75K - $99K13.5%

$100K - $149K14.5%

$150K - $199K11.3%

$200K+6.7%

2018 Population by Race2018 Population by Race

Perc

ent

90

80

70

60

50

40

30

20

10

0White Black Am. Ind. Asian Pacific Other Two+

2018 Percent Hispanic Origin: 8.1%

Source: U.S. Census Bureau, Census 2010 Summary File 1. Esri forecasts for 2018 and 2023.

October 31, 2018

©2018 Esri Page 2 of 6

Demographic and Income Profile530 E Sonata Ln, Meridian, Idaho, 83642 Prepared by EsriRing: 3 mile radius Latitude: 43.59474

Longitude: -116.38751

AreaStateUSA

Trends 2018-2023Trends 2018-2023

Ann

ual R

ate

(in

perc

ent) 3

2.5

2

1.5

1

0.5

0Population Households Families Owner HHs Median HH Income

20182023

Population by AgePopulation by Age

Perc

ent

14

12

10

8

6

4

2

00-4 5-9 10-14 15-19 20-24 25-34 35-44 45-54 55-64 65-74 75-84 85+

2018 Household Income 2018 Household Income

<$15K7.3%

$15K - $24K6.5%

$25K - $34K7.6%

$35K - $49K12.6%

$50K - $74K22.0%

$75K - $99K14.4%

$100K - $149K16.1%

$150K - $199K8.6%

$200K+4.9%

2018 Population by Race2018 Population by Race

Perc

ent

90

80

70

60

50

40

30

20

10

White Black Am. Ind. Asian Pacific Other Two+

2018 Percent Hispanic Origin: 8.3%

Source: U.S. Census Bureau, Census 2010 Summary File 1. Esri forecasts for 2018 and 2023.

October 31, 2018

©2018 Esri Page 4 of 6

Demographic and Income Profile530 E Sonata Ln, Meridian, Idaho, 83642 Prepared by EsriRing: 5 mile radius Latitude: 43.59474

Longitude: -116.38751

AreaStateUSA

Trends 2018-2023Trends 2018-2023

Ann

ual R

ate

(in

perc

ent) 2.5

2

1.5

1

0.5

0Population Households Families Owner HHs Median HH Income

20182023

Population by AgePopulation by Age

Perc

ent

14

12

10

8

6

4

2

00-4 5-9 10-14 15-19 20-24 25-34 35-44 45-54 55-64 65-74 75-84 85+

2018 Household Income 2018 Household Income

<$15K6.9%

$15K - $24K5.5%

$25K - $34K7.2%

$35K - $49K13.2%

$50K - $74K21.4%

$75K - $99K15.1%

$100K - $149K17.6%

$150K - $199K7.9%

$200K+5.1%

2018 Population by Race2018 Population by Race

Perc

ent

80

70

60

50

40

30

20

10

0White Black Am. Ind. Asian Pacific Other Two+

2018 Percent Hispanic Origin: 8.2%

Source: U.S. Census Bureau, Census 2010 Summary File 1. Esri forecasts for 2018 and 2023.

October 31, 2018

©2018 Esri Page 6 of 6

t o k c o m m e r c i a l . c o m [9]Sierra Trading Post

Top Private

EmployersSt. Luke’s Regional Medical Ctr. 9,000 - 9,999Micron Technology, Inc. 6,000 - 6,499Saint Alphonsus Health System 4,500 - 4,999West Ada School District 4,500 - 4,999Boise State University 3,500 - 3,999Boise School District 3,500 - 3,999Walmart 3,000 - 3,499Albertson’s 2,500 - 2,999HP Inc. 1,500 - 1,999

Source 2018 Boise Valley Spotlight

The Boise Valley ...Although world famous for its agriculture, Boise has an equally vibrant environment for a variety of industries.

The Boise Valley ...Although world famous for its agriculture, Boise has an equally vibrant environment for a variety of industries.

Boise Valley - The Boise Valley is not only home to the capitol of Idaho, but also serves as the center of commerce, politics, population, cultural events, and the blue field that personifies the Boise State Broncos. As a high desert community resting at the foot of the mountains, it is surrounded by thriving bedroom communities rich in their own histories and economies, bringing the metro area population to approximately 712,000. Experts estimate the MSA population will exceed 764,000 by 2023.

Although Idaho is world famous for its agriculture, it has an equally vibrant economic environment for high-tech, healthcare, education, transportation, service, tourism, and retail industries. Many nationally and globally recognized corporations have a home in the valley including Micron Technology, Hewlett Packard, DirecTV, Albertsons, J.R. Simplot Company, MotivePower, Materne, LambWeston, and many others.

Forbes consistently ranks the Boise Valley as one of the top places in the country to do business, high quality of life, raising a family, entertainment, and recreation.

t o k c o m m e r c i a l . c o m [9]Sierra Trading Post

t o k c o m m e r c i a l . c o m [10]Sierra Trading Post

The Boise ValleyThe third largest metro in the Northwest and #80 largest in the country.

The Boise ValleyThe third largest metro in the Northwest and #80 largest in the country.

$233,941

Ada County Median: Home Value (STDBonline 2018)

2.7%

Boise MSA: Unemployment Rate (Dec 2018)

$83,437

Average: Household Income (STDBonline 2018)

t o k c o m m e r c i a l . c o m [10]Sierra Trading Post

t o k c o m m e r c i a l . c o m

SIGNConfidenTiaLiTy

agreemenT

To gain aCCeSS To a fuLL offering memorandum, We aSk THaT you firST Sign a digiTaL ConfidenTiaLiTy agreemenT for

Sierra Trading PostTHank you!

Confidentiality Agreement