Multiple Portfolio Listing Multiple Locations, Meridian, ID 83646
Courtesy of Amherst Madison. Main: 208-391-2391
- $8,548,100
- 20,243
- SqFt
- List Price
- $8,548,100
- Price Change
- ▼ $449,900 1784962910
- Days on Market
- 37
- Status
- ACTIVE
- MLS#
- 98990776
- County
- Ada
- Sq. Ft
- 20243
- Year Built
- 2020
- Acres
- 2.16
- Age
- 11 - 20 Years
Property Description
Rare opportunity to acquire a portfolio of four purpose-built childcare facilities leased to Premier Early Childhood Education Partners under long-term triple-net leases. The portfolio consists of approximately 20,243 square feet situated on approximately 2.16 acres throughout Meridian and Boise, Idaho. The assets are 100% occupied and leased under long-term NNN agreements that provide investors with passive ownership and limited landlord responsibilities. Each property is leased to a Premier Early Childhood Education Partners affiliate pursuant to a newly executed 10-year lease term commencing in 2025. The leases feature three five-year renewal options and annual rent escalations of 2.0%, providing built-in income growth. Located throughout the rapidly growing Boise MSA, the portfolio benefits from strong demographics, increasing demand for childcare services, purpose-built facilities, and mission-critical tenancy.
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Additional Information
- Sq. Ft
- 20243
- Garagetype
- 51 - 100 Spaces, Parking Facility
- Roof
- Composition
- Construction
- Frame, Stone
- Fenced
- Partial, Fenced
- Lot Features
- 1 - 4.99 Acres, Lawn Sprinklers
- Air Conditioning
- Central Air
- Heating
- Forced Air
- Water
- City Service
- Taxes
- $28,941
- Parcel Number
- R1090760060, R7355910030, R8192260110, R8484000145
- Gross Operating Income
- 529992
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