3402 Franklin Rd Caldwell, ID 83605

This single-tenant, 47,626 square-foot Class B medical office building in Caldwell, Idaho presents a compelling investment opportunity. Located at 3402 Franklin Road, this property boasts a 100% occupancy rate with a long-term lease to the Idaho Department of Health and Welfare, providing exceptional stability and a strong 7.38% cap rate. Built in 2001 and renovated in 2018, the building sits on a 5.73-acre lot and generates a substantial net operating income (NOI) of $492,366. The property's strategic location in the rapidly growing Boise metropolitan area, coupled with the strength of its tenant and the high demand for medical office space, ensures a secure and potentially lucrative investment. The asking price is $6,675,000, translating to $140.15 per square foot. The land value is estimated at $28-$30 per square foot. The property features a gross lease, single tenancy, and is zoned for commercial use. This is a rare opportunity to acquire a high-performing asset in a thriving market. The property includes over 250 parking spaces.