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    371 Chubbuck Rd Chubbuck, ID 83202

    Sponsored
    For Sale
    $4,500,000

    High-yield, NNN leased medical office

    Property size:
    9,005 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    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.

    Property Features for 371 Chubbuck Rd

    General Information

    Property type
    Medical offices
    Square Feet
    9,005 SF
    Class
    A
    Lot Size
    37,374 SF

    Building Details

    Year Built
    2024
    Buildings
    1
    Stories
    1
    Units
    2

    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 Profile Location Intelligence

    Current Use by Public Records

    Medical offices

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Clothing Store Auto Repair Shop

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Chubbuck
    County
    Bannock
    State
    Idaho
    Longitude
    -112.45952011914
    Latitude
    42.92041618629

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    FAQs

    What type of property is this?
    Medical office - High-yield, NNN leased medical office
    Where is this medical office located?
    The property is located at 371 Chubbuck Rd Chubbuck, ID.
    What is the asking price?
    The asking price for this property is $4,500,000.
    What are key features of this property?
    This property features: 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.
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    371 Chubbuck Rd Chubbuck, ID 83202
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    Chubbuck, ID 83202
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

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    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    371 Chubbuck Rd Chubbuck, ID 83202
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