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371 E Chubbuck Rd 9,005 SF 100% Leased Office Building Chubbuck, ID 83202 $5,612,595 CAD ($623.28 CAD/SF) 6.58% Cap Rate
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
$5,612,595 CAD
Price Per SF
$623.28 CAD
Cap Rate
6.58%
NOI
$369,117 CAD
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
Major Tenants
- Tenant
- Industry
- SF Occupied
- Rent/SF
- Lease End
- Chubbuck Kidz Dental
- Health Care and Social Assistance
- -
- -
- -
- Idaho Orthodontics
- Health Care and Social Assistance
- -
- -
- -
| Tenant | Industry | SF Occupied | Rent/SF | Lease End | ||
| Chubbuck Kidz Dental | Health Care and Social Assistance | - | - | - | ||
| Idaho Orthodontics | Health Care and Social Assistance | - | - | - |
1 1
Fairly walkable
40/100
Exceptionally drivable
100/100
Limited public transit
20/100
Fairly bikeable
50/100
Property Taxes
| Parcel Number | RCPSQ000801 | Improvements Assessment | $2,638,638 CAD |
| Land Assessment | $433,241 CAD | Total Assessment | $3,071,880 CAD |
Property Taxes
Parcel Number
RCPSQ000801
Land Assessment
$433,241 CAD
Improvements Assessment
$2,638,638 CAD
Total Assessment
$3,071,880 CAD
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371 E Chubbuck Rd
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