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OFFERED BY: Holly Chetwood, CCIM John Stevens, CCIM 208.947.0827 208.947.0814 [email protected] [email protected] OFFERING MEMORANDUM Einstein’s Oilery 1805 W. ISLAND GREEN DRIVE | MERIDIAN, IDAHO 83646 ABSOLUTE NNN LEASED 5.75% CAP $1,825,000 15 year lease tokcommercial.com

OFFERIng MEMORanDuM Einstein’s Oilery · Tenant Profile Einstein’s Oilery is a homegrown, Idaho company founded right here in the Treasure valley. The first Einstein’s location

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Page 1: OFFERIng MEMORanDuM Einstein’s Oilery · Tenant Profile Einstein’s Oilery is a homegrown, Idaho company founded right here in the Treasure valley. The first Einstein’s location

OFFERED BY:Holly Chetwood, CCIMJohn Stevens, CCIM

208.947.0827208.947.0814

[email protected]@tokcommercial.com

OFFERIng MEMORanDuM

Einstein’sOilery

1805 W. ISlanD gREEn DRIvE | MERIDIan, IDaHO 83646

aBSOluTEnnn

lEaSED

5.75% CaP$1,825,00015 year lease

tokcommercial.com

Page 2: OFFERIng MEMORanDuM Einstein’s Oilery · Tenant Profile Einstein’s Oilery is a homegrown, Idaho company founded right here in the Treasure valley. The first Einstein’s location

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

Confidentiality agreement The Offering 1

Financial Summary 2

Rent Roll 3

Tenant Profiles 4

Property Photographs 6

Property Site Map 7

aerial views 8

Demographics 11

Boise area Information 13

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.

ABSOLUTE NNN LEASED

Table of Contents

SECTIOn 2PropertyOffering & Financials

SECTIOn 3Property Photos& Plans

SECTIOn 4Demographic& Market Info

Page 3: OFFERIng MEMORanDuM Einstein’s Oilery · Tenant Profile Einstein’s Oilery is a homegrown, Idaho company founded right here in the Treasure valley. The first Einstein’s location

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

In connection with the offering of the Einstein’s Oilery, 105 W. Island green Drive, Meridian, ID (the “Property”) for sale, the undersigned (“Interested Party”) has requested copies of the investment offering package (the “Investment Package”) and certain other information for purposes of evaluating the potential purchase of the Property (the “Potential Transaction”). The Investment Package together with all other documents, communications, or information furnished by the owner of the Property (“Owner”) or its agent, Thornton Oliver Keller Commercial (“TOK”), to the Interested Party regarding the Property, including without limitation, rent rolls, expenses, tax returns, marketing plans, surveys, and service contracts shall be collectively referred to herein as “Protected Information”).

In consideration of the foregoing and other good and valuable consideration, Interested Party hereby agrees that the Protected Information when received in whatever form or media shall be deemed confidential. Interested Party shall not directly or indirectly disclose Protected Information to any person or entity; provided Interested Party may disclose the Protected Information to the Interested Party’s legal counsel and prospective lender, and, if applicable, the Interested Party’s partners, members, or shareholders, for purposes of evaluating the Potential Transaction, so long as such persons have agreed in writing to be bound by the terms hereof or are subject to a confidentiality and nondisclosure agreement, the terms of which are at least as restrictive as the terms hereof. The Interested Party shall (i) treat such Protected Information as strictly confidential, (ii) use the information solely for the purpose of evaluating the Potential Transaction, and (iii) exercise the same degree of care in the protection of such Protected Information as the Interested Party exercises with respect to its own confidential or proprietary information, but in no event may such degree of care be less than reasonable given the nature of Protected Information. notes, documents, summaries and reports referencing or relating to Protected Information may be made and kept by Interested Party; provided they continue to be subject to the confidentiality,

By: Date: address:

Print name: Title: Telephone:

Company: Email:

INTERESTED PARTY (BROKER):

By: Date: address:

Print name: Title: Telephone:Company: Email:

non-disclosure, and destruction provisions set forth herein. The undersigned shall not make copies of Protected Information except for those copies required for use by the Interested Party in the Potential Transaction. In the event Interested Party elects not to proceed with the Potential Transaction, Interested Party shall immediately destroy all Protected Information, including any copies thereof.

neither Owner nor TOK makes any representations or warranties, express or implied, as to the accuracy or completeness of the Protected Information or any other information provided to Interested Party and Interested Party hereby assumes all risks associated with any reliance on the same and waives any and all claims or recourse Interested Party may have against Owner or TOK with respect to the same.

Interested Party hereby agrees to defend, indemnify and hold Owner, TOK, John Stevens, Holly Chetwood and their respective affiliates, agents, employees, successors and assigns, harmless from and against and all claims, causes of action, damages, losses, liabilities, and expenses, including, without limitation, reasonable attorneys’ fees, arising out of or related to Interested Party’s breach of the terms and conditions of this agreement.

This document may be executed in counterparts, each of which together shall constitute one and the same document. Provided, further, this document may be executed electronically and delivered by facsimile or electronic mail, and any such signature shall have the effect of an original signature.

The undersigned has/have caused this document to be executed as of the date set forth below.

INTERESTED PARTY (POTENTIAL PURCHASER):

SIGN AND RETURN VIA EMAIL OR FAX TO:

John Stevens, CCIM and Holly Chetwood, CCIMThornton Oliver Keller Commercial, 250 S. 5th, 2nd Floor, Boise, ID 83702 • (208)378-4600

Fax: 208.947.0869 • [email protected][email protected]

Confidentiality Agreement

Page 4: OFFERIng MEMORanDuM Einstein’s Oilery · Tenant Profile Einstein’s Oilery is a homegrown, Idaho company founded right here in the Treasure valley. The first Einstein’s location

t o k c o m m e r c i a l . c o m [1]Einstein’s Oilery

Property name: Einstein’s Oilery

Property address: 1805 W. Island green Drive Meridian, Idaho 83646

Property Description: Full Service automotive Oil & lube Facility

Building Size: 3,178 SF Total • 2 Bays • Mezzanine & Basement

Parcel Size: 0.454 acres

Zoning: C-C

• Brand new Construction• absolute nnn - no landlord Responsibilities• Personally guaranteed by Both Partners

Thornton Oliver Keller is pleased to exclusively offer the newly-constructed Einstein’s Oilery for sale as an absolute nnn lease with a 15 year initial term. The Property is located at 1805 W. Island green Drive in Meridian Idaho. Shadow anchored by Fred Meyer and the soon-to-be developed Winco, other nearby retailers include Primary Health, Carl’s Jr., Dollar Tree, Sprint, Black Rock Coffee Bar, verizon, Starbucks, McDonald’s and many more.

The asset is offered at an 5.759% cap rate. The offering is a tremendous opportunity for an investor or 1031 exchange buyer to achieve stable returns in today’s low-yield environment with no management involvement.

Offering Overview

The Offering

aBSOluTE nnn

Offering Price: $1,825,000

Capitalization Rate: 5.75%

net Operating Income: $105,000

Tenant: l & F Enterprises, Inc. dba Einstein’s Oilery

Term: 15 years

Rent: $105,000 annually, with 10% increases every 5 years 4, 5-year options to renew

Property Overview

Highlights

Summary

narrative

Summary

Page 5: OFFERIng MEMORanDuM Einstein’s Oilery · Tenant Profile Einstein’s Oilery is a homegrown, Idaho company founded right here in the Treasure valley. The first Einstein’s location

t o k c o m m e r c i a l . c o m [2]Einstein’s Oilery

FInanCIal InFORMaTIOn IS avaIlaBlE uPOn ExECuTIOn OF a COnFIDEnTIalITY agREEMEnT

Financial Summary

Stabilized Income Per Square FootScheduled Rent: $33.00/SF nnn

Price $1,825,000Price Per Square Foot: $574.26Capitalization Rate: 5.759%Total Rentable area (SF): 3,178lot Size (aC): 0.454

Equals net Operating Income $105,000*Price and Rent to be established upon construction completion.

Page 6: OFFERIng MEMORanDuM Einstein’s Oilery · Tenant Profile Einstein’s Oilery is a homegrown, Idaho company founded right here in the Treasure valley. The first Einstein’s location

t o k c o m m e r c i a l . c o m [3]Einstein’s Oilery

Rent RollPurchase Price

$1,825,000

Bldg. SF

3178Lease

YearsStart End Yearly Rent

Monthly

Rent

Monthly

Rent/SF

Yearly

Rent/SF

Annual

Return

1 thru 5 9/6/2017 9/30/2022 $105,000.00 $8,750.00 $2.75 $33.04 5.75%

6 thru 10 10/1/2022 9/30/2027 $115,500.00 $9,625.00 $3.03 $36.34 6.33%

11 thru 15 10/1/2027 9/30/2032 $127,050.00 $10,587.50 $3.33 $39.98 6.96%

Option 1 10/1/2032 9/30/2037 $139,755.00 $11,646.25 $3.66 $43.98 7.66%

Option 2 10/1/2037 9/30/2042 $153,730.50 $12,810.88 $4.03 $48.37 8.42%

Option 3 10/1/2042 9/30/2047 $169,103.55 $14,091.96 $4.43 $53.21 9.27%

Option 4 10/1/2047 9/30/2052 $186,013.90 $15,501.16 $4.88 $58.53 10.19%

TERM DATES RENT SUMMARY

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t o k c o m m e r c i a l . c o m [4]Einstein’s Oilery

Tenant Profile Einstein’s Oilery is a homegrown, Idaho company founded right here in the Treasure valley. The first Einstein’s location opened in 2007 on Fairview avenue in Meridian. Since then, our team has worked tirelessly to expand to 8 locations in Boise, Meridian, garden City, nampa, and Caldwell. Because of

our local roots, we will always be deeply committed to and grateful for this community. It has truly made us what we are! History: Einstein’s Oilery was founded by Michael Meuret and Stephen Taylor, who met while employed by a chain of 5 franchised automotive maintenance centers which they managed together. During their tenure they became frustrated with the limited opportunities afforded them within the franchise structure and dreamed of one day launching a business of their own. They envisioned a company that would revolutionize the automotive oil change industry which is often characterized by dingy facilities, dishonest practices, and mediocre service. They aimed to accomplish this by providing a customer experience that was unparalleled and truly extraordinary. To embody this brand to be, they chose albert Einstein, the very antithesis of the status quo; an extraordinary individual who lived on the cutting edge and staunchly resisted anything ordinary or boring. Einstein’s Oilery was born. Values & Mission: Serving our customers: at Einstein’s Oilery we believe changing your oil should be enjoyable rather than a chore and that you should always leave with the utmost confidence that the job was done right. To that end, we invite you to relax in your car and watch our technicians at work on Tv monitors mounted next to your vehicle. You can also enjoy a free beverage of your choice and a newspaper or surf the web on one of our complimentary in service tablets. You never need an appointment and you’ll be in and out before you know it. Plus, we only use products of the highest quality so that every Einstein’s service meets or exceeds your vehicle’s warranty requirements. Serving our employees: We are deeply committed to improving the lives of our employees both personally and professionally. That’s why in addition

to offering industry leading pay, benefits, and advancement opportunities; Einstein’s Oilery dedicates 10% of all profits to our employees and their families through an annual profit sharing bonus. Serving our community and our world: The Einstein’s team is passionate about investing in our neighborhoods and beyond. That’s why we donate at least 25% of all profits to charitable organizations throughout the Treasure valley and around the world. Some of our favorite causes include local schools, St Jude Children’s Research Hospital, local food banks, youth sports programs, and orphan care in africa and India. at Einstein’s Oilery your oil change helps change the world!

www.einsteinsoilery.com/

Page 8: OFFERIng MEMORanDuM Einstein’s Oilery · Tenant Profile Einstein’s Oilery is a homegrown, Idaho company founded right here in the Treasure valley. The first Einstein’s location

t o k c o m m e r c i a l . c o m [5]Einstein’s Oilery

Tenant Profile

SuBJECT PROPERTYnOW OPEn

-NOW OPEN!

Page 9: OFFERIng MEMORanDuM Einstein’s Oilery · Tenant Profile Einstein’s Oilery is a homegrown, Idaho company founded right here in the Treasure valley. The first Einstein’s location

t o k c o m m e r c i a l . c o m [6]Einstein’s Oilery

Construction Photos

REPRESENTATIVE PHOTOS

Page 10: OFFERIng MEMORanDuM Einstein’s Oilery · Tenant Profile Einstein’s Oilery is a homegrown, Idaho company founded right here in the Treasure valley. The first Einstein’s location

t o k c o m m e r c i a l . c o m [7]Einstein’s Oilery

Property Site Plan

SD1.1SCALE: 1" = 20'-0"ENLARGED SITE PLAN

32.6

SD1.2

9

32.3

3.6

3.6

3.1

1.5

1.5

NOTE:SEE SHEET G1.2 FORKEYNOTE INFORMATION.

32.83.1

3.6

DRAWN BY:

JOB #

MER

IDIA

N, I

DAH

O 8

3646

DAT

ERE

VISI

ON

SN

O.

THIS DRAWING CONTAINS INFORMATION WHICH IS THE PROPRIETARY PROPERTY OF ALC ARCHITECTURE.NO UNAUTHORIZED REUSE OR DUPLICATION OF THESE PLANS OR ANY INFORMATION CONTAINED HEREIN,WITHOUT THE EXPRESS WRITTEN CONSENT OF ALC ARCHITECTURE.THIS DRAWING IS NOT TO BE USED FOR CONSTRUCTION UNTIL IT IS SIGNED BY THE ARCHITECT.COPYRIGHT ©

CHECKED BY:

DATE:

JRL

16154JRL

FOR REVIEW

1.5.2017

3.1

3.1

32.8

32.8

Page 11: OFFERIng MEMORanDuM Einstein’s Oilery · Tenant Profile Einstein’s Oilery is a homegrown, Idaho company founded right here in the Treasure valley. The first Einstein’s location

t o k c o m m e r c i a l . c o m [8]Einstein’s Oilery

Site Aerial

SITE

Page 12: OFFERIng MEMORanDuM Einstein’s Oilery · Tenant Profile Einstein’s Oilery is a homegrown, Idaho company founded right here in the Treasure valley. The first Einstein’s location

t o k c o m m e r c i a l . c o m [9]Einstein’s Oilery

Meridian Area Map

SITE

Page 13: OFFERIng MEMORanDuM Einstein’s Oilery · Tenant Profile Einstein’s Oilery is a homegrown, Idaho company founded right here in the Treasure valley. The first Einstein’s location

t o k c o m m e r c i a l . c o m [10]Einstein’s Oilery

aerial Locator Map

Page 14: OFFERIng MEMORanDuM Einstein’s Oilery · Tenant Profile Einstein’s Oilery is a homegrown, Idaho company founded right here in the Treasure valley. The first Einstein’s location

t o k c o m m e r c i a l . c o m [11]Einstein’s Oilery

Property DemographicsSite MapW Island Green Dr, Meridian, Idaho, 83646 Prepared by EsriRings: 1, 3, 5 mile radii Latitude: 43.66388

Longitude: -116.41771

October 03, 2017

©2017 Esri Page 1 of 1

Population: Avg HH Income:Employees:Median Age:

1 Mi. 3 Mi. 5 Mi.

7,008 55,643 128,501$101,997 $93,462 $88,888 791 4,756 43,170 32.2 33.7 34.8

2017

3 Mile

5 Mile

Site Demographics Radii Demographic Snapshot

Page 15: OFFERIng MEMORanDuM Einstein’s Oilery · Tenant Profile Einstein’s Oilery is a homegrown, Idaho company founded right here in the Treasure valley. The first Einstein’s location

t o k c o m m e r c i a l . c o m [12]Einstein’s Oilery

Demographic and Income ProfileW Island Green Dr, Meridian, Idaho, 83646 Prepared by EsriRing: 1 mile radius Latitude: 43.66388

Longitude: -116.41771

Summary Census 2010 2017 2022Population 5,482 7,008 8,302Households 1,551 1,955 2,309Families 1,341 1,664 1,951Average Household Size 3.53 3.58 3.59Owner Occupied Housing Units 1,291 1,585 1,869Renter Occupied Housing Units 260 370 440Median Age 31.0 32.2 32.4

Trends: 2017 - 2022 Annual Rate Area State NationalPopulation 3.45% 1.25% 0.83%Households 3.38% 1.19% 0.79%Families 3.23% 1.11% 0.71%Owner HHs 3.35% 1.23% 0.72%Median Household Income 1.31% 1.07% 2.12%

2017 2022 Households by Income Number Percent Number Percent

<$15,000 92 4.7% 127 5.5%$15,000 - $24,999 65 3.3% 75 3.2%$25,000 - $34,999 103 5.3% 113 4.9%$35,000 - $49,999 181 9.3% 186 8.1%$50,000 - $74,999 410 21.0% 427 18.5%$75,000 - $99,999 304 15.5% 355 15.4%$100,000 - $149,999 516 26.4% 625 27.1%$150,000 - $199,999 121 6.2% 160 6.9%$200,000+ 163 8.3% 242 10.5%

Median Household Income $83,612 $89,242Average Household Income $101,997 $114,286Per Capita Income $30,344 $33,923

Census 2010 2017 2022 Population by Age Number Percent Number Percent Number Percent

0 - 4 546 10.0% 655 9.3% 812 9.8%5 - 9 693 12.6% 780 11.1% 860 10.4%10 - 14 612 11.2% 772 11.0% 863 10.4%15 - 19 397 7.2% 500 7.1% 653 7.9%20 - 24 142 2.6% 233 3.3% 300 3.6%25 - 34 689 12.6% 860 12.3% 1,000 12.0%35 - 44 1,017 18.6% 1,238 17.7% 1,556 18.7%45 - 54 607 11.1% 778 11.1% 923 11.1%55 - 64 398 7.3% 585 8.3% 615 7.4%65 - 74 239 4.4% 415 5.9% 489 5.9%75 - 84 110 2.0% 148 2.1% 183 2.2%

85+ 31 0.6% 44 0.6% 49 0.6%Census 2010 2017 2022

Race and Ethnicity Number Percent Number Percent Number PercentWhite Alone 5,104 93.1% 6,430 91.8% 7,517 90.5%Black Alone 38 0.7% 61 0.9% 88 1.1%American Indian Alone 16 0.3% 21 0.3% 26 0.3%Asian Alone 91 1.7% 140 2.0% 189 2.3%Pacific Islander Alone 8 0.1% 11 0.2% 15 0.2%Some Other Race Alone 75 1.4% 114 1.6% 157 1.9%Two or More Races 150 2.7% 230 3.3% 311 3.7%

Hispanic Origin (Any Race) 334 6.1% 511 7.3% 710 8.6%Data Note: Income is expressed in current dollars.

Source: U.S. Census Bureau, Census 2010 Summary File 1. Esri forecasts for 2017 and 2022.

October 03, 2017

©2017 Esri Page 1 of 6

Demographic and Income ProfileW Island Green Dr, Meridian, Idaho, 83646 Prepared by EsriRing: 3 mile radius Latitude: 43.66388

Longitude: -116.41771

Summary Census 2010 2017 2022Population 41,328 55,643 64,241Households 13,270 17,608 20,237Families 10,914 14,287 16,298Average Household Size 3.11 3.16 3.17Owner Occupied Housing Units 11,024 14,191 16,288Renter Occupied Housing Units 2,246 3,417 3,948Median Age 32.8 33.7 34.1

Trends: 2017 - 2022 Annual Rate Area State NationalPopulation 2.92% 1.25% 0.83%Households 2.82% 1.19% 0.79%Families 2.67% 1.11% 0.71%Owner HHs 2.79% 1.23% 0.72%Median Household Income 1.66% 1.07% 2.12%

2017 2022 Households by Income Number Percent Number Percent

<$15,000 1,080 6.1% 1,332 6.6%$15,000 - $24,999 881 5.0% 984 4.9%$25,000 - $34,999 1,237 7.0% 1,320 6.5%$35,000 - $49,999 1,762 10.0% 1,804 8.9%$50,000 - $74,999 3,928 22.3% 3,941 19.5%$75,000 - $99,999 2,353 13.4% 2,662 13.2%$100,000 - $149,999 3,941 22.4% 4,849 24.0%$150,000 - $199,999 1,304 7.4% 1,727 8.5%$200,000+ 1,122 6.4% 1,618 8.0%

Median Household Income $74,220 $80,595Average Household Income $93,462 $104,998Per Capita Income $29,871 $33,446

Census 2010 2017 2022 Population by Age Number Percent Number Percent Number Percent

0 - 4 3,736 9.0% 4,732 8.5% 5,522 8.6%5 - 9 4,472 10.8% 5,416 9.7% 5,946 9.3%10 - 14 4,105 9.9% 5,344 9.6% 5,910 9.2%15 - 19 2,934 7.1% 3,826 6.9% 4,533 7.1%20 - 24 1,430 3.5% 2,302 4.1% 2,554 4.0%25 - 34 5,303 12.8% 7,244 13.0% 8,542 13.3%35 - 44 7,022 17.0% 8,820 15.9% 10,453 16.3%45 - 54 5,182 12.5% 6,661 12.0% 7,249 11.3%55 - 64 3,688 8.9% 5,617 10.1% 6,334 9.9%65 - 74 2,160 5.2% 3,786 6.8% 4,779 7.4%75 - 84 1,014 2.5% 1,439 2.6% 1,897 3.0%

85+ 282 0.7% 455 0.8% 523 0.8%Census 2010 2017 2022

Race and Ethnicity Number Percent Number Percent Number PercentWhite Alone 38,327 92.7% 50,831 91.4% 57,882 90.1%Black Alone 298 0.7% 498 0.9% 692 1.1%American Indian Alone 167 0.4% 229 0.4% 274 0.4%Asian Alone 712 1.7% 1,141 2.1% 1,493 2.3%Pacific Islander Alone 65 0.2% 89 0.2% 111 0.2%Some Other Race Alone 644 1.6% 1,027 1.8% 1,371 2.1%Two or More Races 1,115 2.7% 1,829 3.3% 2,419 3.8%

Hispanic Origin (Any Race) 2,548 6.2% 4,140 7.4% 5,599 8.7%Data Note: Income is expressed in current dollars.

Source: U.S. Census Bureau, Census 2010 Summary File 1. Esri forecasts for 2017 and 2022.

October 03, 2017

©2017 Esri Page 3 of 6

Demographic and Income ProfileW Island Green Dr, Meridian, Idaho, 83646 Prepared by EsriRing: 5 mile radius Latitude: 43.66388

Longitude: -116.41771

Summary Census 2010 2017 2022Population 104,313 128,501 144,870Households 35,603 43,371 48,747Families 27,998 33,680 37,615Average Household Size 2.92 2.95 2.96Owner Occupied Housing Units 27,644 32,639 36,732Renter Occupied Housing Units 7,959 10,732 12,014Median Age 34.0 34.8 35.3

Trends: 2017 - 2022 Annual Rate Area State NationalPopulation 2.43% 1.25% 0.83%Households 2.36% 1.19% 0.79%Families 2.23% 1.11% 0.71%Owner HHs 2.39% 1.23% 0.72%Median Household Income 1.75% 1.07% 2.12%

2017 2022 Households by Income Number Percent Number Percent

<$15,000 3,369 7.8% 3,970 8.1%$15,000 - $24,999 3,069 7.1% 3,330 6.8%$25,000 - $34,999 3,535 8.2% 3,667 7.5%$35,000 - $49,999 4,678 10.8% 4,759 9.8%$50,000 - $74,999 8,346 19.2% 8,303 17.0%$75,000 - $99,999 5,809 13.4% 6,469 13.3%$100,000 - $149,999 9,021 20.8% 10,977 22.5%$150,000 - $199,999 2,947 6.8% 3,790 7.8%$200,000+ 2,597 6.0% 3,482 7.1%

Median Household Income $69,673 $76,005Average Household Income $88,888 $98,974Per Capita Income $30,004 $33,288

Census 2010 2017 2022 Population by Age Number Percent Number Percent Number Percent

0 - 4 8,559 8.2% 9,918 7.7% 11,244 7.8%5 - 9 10,124 9.7% 11,055 8.6% 11,897 8.2%10 - 14 9,860 9.5% 11,309 8.8% 12,096 8.3%15 - 19 7,680 7.4% 9,136 7.1% 10,145 7.0%20 - 24 4,532 4.3% 6,589 5.1% 6,860 4.7%25 - 34 12,877 12.3% 16,653 13.0% 19,500 13.5%35 - 44 16,219 15.5% 18,308 14.2% 21,206 14.6%45 - 54 14,255 13.7% 16,433 12.8% 17,035 11.8%55 - 64 10,320 9.9% 14,326 11.1% 16,065 11.1%65 - 74 5,766 5.5% 9,453 7.4% 11,971 8.3%75 - 84 2,970 2.8% 3,832 3.0% 5,193 3.6%

85+ 1,152 1.1% 1,490 1.2% 1,658 1.1%Census 2010 2017 2022

Race and Ethnicity Number Percent Number Percent Number PercentWhite Alone 95,980 92.0% 116,452 90.6% 129,444 89.4%Black Alone 786 0.8% 1,180 0.9% 1,584 1.1%American Indian Alone 519 0.5% 643 0.5% 754 0.5%Asian Alone 2,164 2.1% 3,121 2.4% 3,958 2.7%Pacific Islander Alone 157 0.2% 196 0.2% 238 0.2%Some Other Race Alone 1,813 1.7% 2,607 2.0% 3,358 2.3%Two or More Races 2,894 2.8% 4,302 3.3% 5,534 3.8%

Hispanic Origin (Any Race) 6,611 6.3% 9,753 7.6% 12,820 8.8%Data Note: Income is expressed in current dollars.

Source: U.S. Census Bureau, Census 2010 Summary File 1. Esri forecasts for 2017 and 2022.

October 03, 2017

©2017 Esri Page 5 of 6

Income Profile & Demographics

MIl

E Ra

DIu

S1

M

IlE

RaD

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3

MIl

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Demographic and Income ProfileW Island Green Dr, Meridian, Idaho, 83646 Prepared by EsriRing: 1 mile radius Latitude: 43.66388

Longitude: -116.41771

AreaStateUSA

Trends 2017-2022Trends 2017-2022

Ann

ual R

ate

(in

perc

ent) 3

2.5

2

1.5

1

0.5

0Population Households Families Owner HHs Median HH Income

20172022

Population by AgePopulation by Age

Perc

ent

18

16

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+

2017 Household Income 2017 Household Income

<$15K4.7%

$15K - $24K3.3%

$25K - $34K5.3%

$35K - $49K9.3%$50K - $74K

21.0%

$75K - $99K15.5%

$100K - $149K26.4%

$150K - $199K6.2%

$200K+8.3%

2017 Population by Race2017 Population by Race

Perc

ent

90

80

70

60

50

40

30

20

10

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

2017 Percent Hispanic Origin: 7.3%

Source: U.S. Census Bureau, Census 2010 Summary File 1. Esri forecasts for 2017 and 2022.

October 03, 2017

©2017 Esri Page 2 of 6

Demographic and Income ProfileW Island Green Dr, Meridian, Idaho, 83646 Prepared by EsriRing: 3 mile radius Latitude: 43.66388

Longitude: -116.41771

AreaStateUSA

Trends 2017-2022Trends 2017-2022

Ann

ual R

ate

(in

perc

ent) 2.5

2

1.5

1

0.5

0Population Households Families Owner HHs Median HH Income

20172022

Population by AgePopulation by Age

Perc

ent

16

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+

2017 Household Income 2017 Household Income

<$15K6.1%

$15K - $24K5.0%

$25K - $34K7.0%

$35K - $49K10.0%

$50K - $74K22.3%

$75K - $99K13.4%

$100K - $149K22.4%

$150K - $199K7.4%

$200K+6.4%

2017 Population by Race2017 Population by Race

Perc

ent

90

80

70

60

50

40

30

20

10

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

2017 Percent Hispanic Origin: 7.4%

Source: U.S. Census Bureau, Census 2010 Summary File 1. Esri forecasts for 2017 and 2022.

October 03, 2017

©2017 Esri Page 4 of 6

Demographic and Income ProfileW Island Green Dr, Meridian, Idaho, 83646 Prepared by EsriRing: 5 mile radius Latitude: 43.66388

Longitude: -116.41771

AreaStateUSA

Trends 2017-2022Trends 2017-2022

Ann

ual R

ate

(in

perc

ent)

2.42.2

21.81.61.41.2

10.80.60.40.2

0Population Households Families Owner HHs Median HH Income

20172022

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+

2017 Household Income 2017 Household Income

<$15K7.8%

$15K - $24K7.1%

$25K - $34K8.2%

$35K - $49K10.8%

$50K - $74K19.2%

$75K - $99K13.4%

$100K - $149K20.8%

$150K - $199K6.8%

$200K+6.0%

2017 Population by Race2017 Population by Race

Perc

ent

90

80

70

60

50

40

30

20

10

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

2017 Percent Hispanic Origin: 7.6%

Source: U.S. Census Bureau, Census 2010 Summary File 1. Esri forecasts for 2017 and 2022.

October 03, 2017

©2017 Esri Page 6 of 6

Page 16: OFFERIng MEMORanDuM Einstein’s Oilery · Tenant Profile Einstein’s Oilery is a homegrown, Idaho company founded right here in the Treasure valley. The first Einstein’s location

t o k c o m m e r c i a l . c o m [13]Einstein’s Oilery

Boise Area Information

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

BOISE, IDAHO - Boise is not only the capital of Idaho, but 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 696,000. Experts estimate the MSA population will exceed 748,000 by 2022.

Although Boise is famous for the potato market, 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 Boise including Micron Technology, Hewlett Packard, DirecTV, Albertsons, J.R. Simplot Company, MotivePower, Materne, Heartland RVs, and many others.

Forbes consistently ranks Boise as one of the top places in the country to do business, high quality of life, raising a family, entertainment, and recreation. Boise has seen increased development with The Village at Meridian, the Eighth & Main Building, and the under construction City Center Plaza and JUMP Project. And don’t forget our three time Fiesta Bowl winning team, the Boise State Broncos!

TOP EMPLOYERSSt. Luke’sMicron Technology, Inc.West Ada School DistrictBoise School DistrictBoise State UniversitySaint Alphonsus Health SystemWalmartCity of BoiseHP Inc.J.R. Simplot Company

Source 2017 Boise Valley Spotlight

HOUSINGSingle-Family Homes sold in Ada Co. (2016) 10,777Median Home Price $225,673Single-Family Homes sold in Canyon Co. (2016) 4,056Median Home Price $156,330

Source: Intermountain MLS and STDBonline.

KEY CITIES WITHIN THE BOISE AREA MSABoise 228,930Meridian 98,300Eagle 26,930Nampa 96,820Caldwell 54,120Total MSA Population (2017) 695,765

Source: Compass 2017 Population Estimates and 2017 Boise Valley Spotlight.

EMPLOYMENT AND INCOMETotal Employment (Boise-Nampa MSA 4/17) 314,440State Unemployment Rate as of April 2017 3.4%Per Capita Income $26,306Median Household Income $53,059Average Household Income $79,273

Source: Dept. of Labor and STDBonline.

• #1LowestCostMetroinPacificU.S.- KPMG Competitive Alternatives, 2016

• #2BestCapitoltoLiveIn- WalletHub, 2017

• #1CityforNewHomeSales(Meridian)- Curbed, 2017

• #6BestDowntown- Livability, 2016• Top10HottestTravelDestinationsof

2017- Vogue Magazine, 2017• #6TopStatesforJobGrowth- Forbes,

2016• #3PopularU.S.GrowthCities- U-Haul,

2017• BestRunCityinAmerica(Nampa#1,

Boise#3)- WalletHub, 2017

NATIONAL ACCOLADESAREA PROFILE

METRO INFORMATIONBOISE