Description
Built in 2017, fully leased to two medical tenants with NNN leases. The building is located on a parcel of land owned by Bingham County and has been pre-paid for 99 years. The advance payment results in the land functioning similar to a fee simple ownership position with the advantage of the underlying land still being owned by the County, meaning it is not taxed. NOI: $242,123 5% cap rate. Call David McDonald 208-720-2000 for more information. Do not disturb tenants.
Directions: Main Street, west on Francis, South on Poplar. Adjacent to the BMH campus.
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0BEDS
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1.06ACRES
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0BATHS
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01/2 BATHS
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11,028SQFT
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$439$/SQFT
School Ratings & Info
Courtesy of Idaho Commercial Brokerage.Description
Built in 2017, fully leased to two medical tenants with NNN leases. The building is located on a parcel of land owned by Bingham County and has been pre-paid for 99 years. The advance payment results in the land functioning similar to a fee simple ownership position with the advantage of the underlying land still being owned by the County, meaning it is not taxed. NOI: $242,123 5% cap rate. Call David McDonald 208-720-2000 for more information. Do not disturb tenants.
Directions: Main Street, west on Francis, South on Poplar. Adjacent to the BMH campus.
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