371 Chubbuck RdChubbuck, ID 83202

For Sale
$4,500,000

High-yield, NNN leased medical office

Overview

Added:
Dec 11, 2024
Days on market:
93
This exceptional investment opportunity presents a brand-new, Class A, single-story medical office building in Chubbuck, Idaho. The 9,005 square foot building sits on a 0.858-acre lot at 371 E Chubbuck Rd, 83202, and is 100% occupied by two creditworthy tenants under a triple-net (NNN) lease structure with a corporate guarantee. The lease terms span 10 years, with 9 years remaining, and include rent bumps. Both tenants, Idaho Orthodontics and Chubbuck Kidz Dental, have made substantial improvements to their respective spaces, significantly reducing the likelihood of tenant turnover. This presents a secure, passive income stream with a 5.70% cap rate. The building's construction was completed in 2024, offering modern amenities and a state-of-the-art design. The property is offered fee simple and is suitable for a 1031 exchange. The asking price is $4,500,000. Located in a thriving area with a low unemployment rate (3% in Pocatello), this property offers a compelling investment opportunity for those seeking a stable, long-term return. Lease options are available. This is a rare opportunity to acquire a high-quality, fully occupied medical office building with exceptional tenants and a strong financial outlook.

Highlights

  • Brand new, Class A medical office building.
  • Two creditworthy tenants under long-term, triple-net (NNN) leases with corporate guarantees.
  • Recession-resistant tenants, Idaho Orthodontics and Chubbuck Kidz Dental, with substantial investments in building improvements.
  • 9,005 square feet, 100% occupied, offering a secure, passive investment.
  • $4,500,000 asking price with a 5.70% cap rate and 9 years remaining lease term; 1031 exchange eligible.

Property Details for 371 Chubbuck Rd

Property type
Other office properties, Medical offices
Square Feet
9,005 SF
Class
A
Year Built
2024
Buildings
1
Stories
1
Lot Size (sq. ft)
37,374 SF
Units
2

Location Insight

City
Chubbuck
County
Bannock
State
Idaho
Latitude
42.92041618629
Longitude
-112.45952011914
371 Chubbuck Rd, Chubbuck, Idaho

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371 Chubbuck Rd
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