PetSmart, Pocatello, Idaho

1880 Hurley Dr. Pocatello, ID 83202

— For Sale —

List Price$5.77MM

Size +/- 18,000 SF

Cap Rate 6.0% (As of February 2023)

Property Information

Logic Commercial Real Estate is pleased to exclusively offer for sale a single-tenant, net-leased PetSmart located in Pocatello, ID. The property is adjacent to Dick’s Sporting Goods and is located within Pocatello Square, a +/- 244,120 SF regional retail power center that benefits from excellent tenant synergy and offers a dynamic cross-shopping experience with ample parking.

The asset consists of a +/- 18,000 SF building that is located just off of I-86 and Yellowstone Ave.
(+/- 39,804 CPD) with frontage to Hurley Drive (+/- 8,253 CPD). The property benefits from an upcoming 10% rent increase in February 2023. With excellent access, signage, and freeway visibility, the property is surrounded by well- recognized national co-tenants such as Ross, Ashley Furniture, JOANN Fabrics, and Old Navy.

The Pocatello/Chubbuck trade area offers world-class outdoor recreation, countless dining options, amazing entertainment and hundreds of lodging options. The city has been recognized by Forbes Magazine as a “Best Small Place for Business” and ranked 2nd on their Cost of Doing Business index. The subject property services +/- 83,481 residents, with an average annual household income of +/- $74,496 within a 10-mile radius and is located in one of the most vital shopping and business districts in the region. The asset is just 2 miles from the Planned Northgate Development, which will add +/- 4,500 AC of mixed use residential and office space upon completion.

Contact

Shareholder

Adam Malan

Partner
Las Vegas
License S.0063542.LLC
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O 702.954.4105
C 702.449.1180
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Brokerage

Deana Marcello

Executive Vice President
Las Vegas
License S.0174174
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O 702.954.4104
C 702.375.1022
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