4165 Yellowstone Ave
Chubbuck, ID 83202
Aspen Dental Strip Center · Retail Property For Sale

Capital Pacific is pleased to present the opportunity to acquire Aspen Dental Strip Center, a 3-tenant retail property in Pocatello, ID. The property features long-term leases of 7+ years, and strong credit tenants including Aspen Dental and FedEx. Furthermore, the leases include 8-10% rent bumps every 5 years, as well as multiple renewal options. There are two separate rental increases coming up in 2022, significantly boosting the investor return within 2.5 years. The property is a prominently positioned outlot to Pine Ridge mall, a regionally-drawing shopping mall located within the area’s prime retail corridor. Aspen Dental and FedEx provide the property with anchor tenants that are viewed favorably by the investment market due to their e-commerce resistant nature and strong credit. The Supercuts suite is currently vacant, though the tenant still pays rent. The current owner is in discussions for another personal services tenant to take occupancy (inquire with broker). The Property is located along Yellowstone Avenue, with excellent frontage and visibility from the street. The building benefits from being positioned between two main intersections that provide access to and from Pine Ridge Mall. Additionally, the property is directly across the street from Walmart Supercenter and is surrounded by complementary retailers including Lowe’s, Ulta Beauty, TJ Maxx, and Dick’s Sporting Goods.