3402 Franklin RdCaldwell, ID 83605

This exceptional investment opportunity presents a 47,626 square foot, single-tenant office building located at 3402 Franklin Rd, Caldwell, ID 83605. The property boasts a strong 7.38% cap rate, generated by a modified gross lease with the Idaho State Department of Health and Welfare, a highly creditworthy tenant. The lease, currently in place, has a remaining term of approximately 3.6 years, with a recently executed five-year renewal option. Built in 2001 and renovated in 2018, this Class B building sits on a 5.73-acre lot and includes 150 parking spaces. The property's strategic location at the intersection of Franklin Road (Idaho Highways 20, 26) and Interstate 84 (Exit 29) provides excellent visibility and accessibility. The asking price is $6,675,000, translating to $140.15 per square foot. The building features a single story and is zoned for commercial use. The annual net operating income (NOI) is $492,366. This investment offers a compelling combination of a stable, long-term tenant, a desirable location in a rapidly growing region, and a strong financial return. The land value alone is $27.24 per square foot. This is a rare opportunity to acquire a high-quality, net-leased property with a proven track record of success. The property's strong financial performance and long-term lease make it an ideal addition to any investment portfolio.