1515 Clark StPocatello, ID 83201

For Sale
$3,100,000

Prime Pocatello Medical Office, NNN Lease

Overview

Added:
Dec 11, 2024
Days on market:
94
This exceptional Class A medical office building presents a compelling investment opportunity. Located at 1515 E Clark St, Pocatello, ID 83201, this 6,200 square foot property is currently 100% occupied by Longmore Clinic, a cardiovascular specialist practice with a strong presence in Eastern Idaho. The property is offered at $3,100,000 with a 6.00% cap rate and a strong net operating income (NOI) of $186,000. The building is held in fee simple ownership and features a 15-year absolute triple net (NNN) lease, ensuring zero landlord responsibilities. The lease includes a built-in 3% annual rent increase, providing predictable and growing income. The tenant's commitment to a 15-year leaseback demonstrates their confidence in the location and its long-term viability. This investment is particularly attractive due to its recession-proof tenant, prime location near Idaho State University and I-15, and suitability for 1031 exchange buyers. The property's excellent condition and desirable neighborhood further enhance its investment appeal, making it an ideal choice for investors seeking a secure, passive income stream. The lease commenced January 1, 2025. This single-unit property offers a stable and low-risk investment opportunity in a thriving market.

Highlights

  • Strong credit tenant, Longmore Clinic, with six Eastern Idaho locations.
  • Brand new 15-year absolute NNN lease; zero landlord responsibilities.
  • 15-year leaseback demonstrates strong tenant commitment.
  • Recession-proof tenant.
  • Stable, secure, passive investment opportunity.
  • Desirable location near Idaho State University and I-15 freeway access.

Property Details for 1515 Clark St

Property type
Other retail properties, Other office properties
Square Feet
6,200 SF
Class
A
Units
1

Location Insight

City
Pocatello
County
Bannock
State
Idaho
Latitude
42.873251338767
Longitude
-112.43487028668
1515 Clark St, Pocatello, Idaho

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1515 Clark St
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