Commercial · Meridian, ID

Multiple Portfolio Listing Multiple Locations, Meridian, ID 83646

$8,998,000 Active MLS® 98990776 Commercial
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ActiveMLS® 98990776
$8,998,000
Multiple Portfolio Listing Multiple Locations, Meridian, ID 83646
2.16 Acres 20,243 Sq.Ft. Built 2020
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.

Interior Features
  • Utilities Sewer Connected, Natural Gas Available
  • Air conditioning Central Air
  • Fence Partial, Fenced
  • Lot dimension 2.16 Acres
  • Lot description 1 - 4.99 Acres, Lawn Sprinklers
Exterior Features
  • Fence Partial, Fenced
  • Lot dimension 2.16 Acres
  • Lot description 1 - 4.99 Acres, Lawn Sprinklers
  • Roofing materials Composition
Location
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