371 Chubbuck RdChubbuck, ID 83202

Property Details for 371 Chubbuck Rd

Lot size

1.03 AC

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.

• Alternative Use

  Use

  Valuation

  Residential

  $9,184,174

  Hospitality

  $8,412,654

  Educational

  $6,999,230

  Medical

  $7,239,944

  Retail

  $10,887,690

Location Insight

City

Chubbuck

County

Bannock

State

Idaho

Latitude

42.9201

Longitude

-112.459

CBSA code

38540

CBSA name

POCATELLO, ID METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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