1515 Clark StPocatello, ID 83201

Property Details for 1515 Clark St

Year built

2003

Lot size

0.29 AC

Property type

Commercial real estate

APN

RPPOC022800

APU

RPPOC022800

Description

This exceptional Class A medical office building presents a compelling investment opportunity. Located at 1515 E Clark St, Pocatello, ID 83201, this 6,200 square foot property is currently 100% occupied by Longmore Clinic, a cardiovascular specialist practice with a strong presence in Eastern Idaho. The property is offered at $3,100,000 with a 6.00% cap rate and a strong net operating income (NOI) of $186,000. The building is held in fee simple ownership and features a 15-year absolute triple net (NNN) lease, ensuring zero landlord responsibilities. The lease includes a built-in 3% annual rent increase, providing predictable and growing income. The tenant's commitment to a 15-year leaseback demonstrates their confidence in the location and its long-term viability. This investment is particularly attractive due to its recession-proof tenant, prime location near Idaho State University and I-15, and suitability for 1031 exchange buyers. The property's excellent condition and desirable neighborhood further enhance its investment appeal, making it an ideal choice for investors seeking a secure, passive income stream. The lease commenced January 1, 2025. This single-unit property offers a stable and low-risk investment opportunity in a thriving market.

• Alternative Use

  Use

  Valuation

  Residential

  $3,076,017

  Hospitality

  $2,817,615

  Educational

  $2,344,223

  Medical

  $2,424,844

  Retail

  $3,646,568

Location Insight

City

Pocatello

County

Bannock

State

Idaho

Latitude

42.8731

Longitude

-112.435

CBSA code

38540

CBSA name

POCATELLO, ID METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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