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371 E Chubbuck Rd
Chubbuck, ID 83202
Office Property For Sale
Investment Highlights
- BlackRock is investor behind Kidz Dental, the largest asset manager in the world.
- Idaho Orthodontics is owned by Specialty Dental Brands, they have 220 locations.
- Chubbuck borders Pocatello ID
- New State of the Art Medical Office Building.
- Both tenants spent a huge amount of money on their improvements making it difficult for them to ever leave
- Strong Credit Tenants making this a secure long-term investment
Executive Summary
BlackRock is the main investor behind Kidz Dental, the largest asset manager in the world. Idaho Orthodontics is owned by Specialty Dental Brands, they have 220 locations. Parent Company of Chubbuck Kidz Dental has over 75 locations spread across the country.
This newly constructed, cutting-edge medical office building has two top-tier tenants, Idaho Orthodontics (Specialty Dental Brands), and Chubbuck Kidz Dental (BlackRock backed tenant), operating under long-term triple net leases, guaranteeing a stable cash flow for investors. This property promises secure income and minimal management responsibilities. Located in a high-demand submarket, the state-of-the-art facility offers recession-proof tenancy and essential healthcare services for the community. Idaho Orthodontics and Chubbuck Kidz Dental have invested significantly in their spaces, ensuring their long-term commitment to the property. The quality of the tenants, combined with the prime location and favorable lease terms, makes this property a rare find for savvy investors looking for a low-risk, high-reward asset in the thriving Chubbuck/Pocatello area. Don't miss out on this prime investment opportunity!
This newly constructed, cutting-edge medical office building has two top-tier tenants, Idaho Orthodontics (Specialty Dental Brands), and Chubbuck Kidz Dental (BlackRock backed tenant), operating under long-term triple net leases, guaranteeing a stable cash flow for investors. This property promises secure income and minimal management responsibilities. Located in a high-demand submarket, the state-of-the-art facility offers recession-proof tenancy and essential healthcare services for the community. Idaho Orthodontics and Chubbuck Kidz Dental have invested significantly in their spaces, ensuring their long-term commitment to the property. The quality of the tenants, combined with the prime location and favorable lease terms, makes this property a rare find for savvy investors looking for a low-risk, high-reward asset in the thriving Chubbuck/Pocatello area. Don't miss out on this prime investment opportunity!
Property Facts
Sale Type
Investment
Property Type
Office
Property Subtype
Medical
Building Size
9,005 SF
Building Class
C
Year Built
2022
Price
$3,950,000
Price Per SF
$438.65
Cap Rate
6.58%
NOI
$259,775
Percent Leased
100%
Building Height
1 Story
Typical Floor Size
9,005 SF
Building FAR
0.24
Lot Size
0.85 AC
Parking
39 Spaces
Property Taxes
| Parcel Number | RCPSQ000801 | Improvements Assessment | $1,857,006 |
| Land Assessment | $304,904 | Total Assessment | $2,161,910 |
Property Taxes
Parcel Number
RCPSQ000801
Land Assessment
$304,904
Improvements Assessment
$1,857,006
Total Assessment
$2,161,910
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