371 Chubbuck Rd Chubbuck, ID 83202
- Commercial land
- 1.03 lot acres
Current Use by Public Records
- Commercial land
Property Details for 371 Chubbuck Rd
- Lot size
- 1.03 lot acres
- Property type
- Commercial land
- APN
- RCPSQ000801
- APU
- RCPSQ000801
Description
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.
Value Estimation
-
CAP approach
-
Comparable approach
-
Alternative Use
Location Insight
- Map
- Local Demand
- City
- Chubbuck
- County
- Bannock
- State
- Idaho
- Longitude
- -112.459
- Latitude
- 42.9201
- CBSA code
- 38540
- CBSA name
- POCATELLO, ID METROPOLITAN STATISTICAL AREA
