Commercial · Meridian, ID 83646

Multiple Portfolio Listing Multiple Locations, Meridian, ID 83646

Meridian, ID 83646

$8,548,100

ActiveMLS® 98990776

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ActiveMLS® 98990776
$8,548,100
Multiple Portfolio Listing Multiple Locations, Meridian, ID 83646
Bds Ba 20,243 Sq.Ft. 2.16 Ac
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
  • Flooring Concrete
  • A/C Central Air
  • Heating Forced Air
  • Disability Feature Handicap Access
Exterior and Construction
  • Construction materials Frame, Stone
  • Roofing Composition
Utilities
  • Utilities Sewer Connected, Natural Gas Available
  • Water City Service
Land and Lot
  • Lot size 2.16 acres (94,089 sq ft)
  • Fencing Partial, Fenced
  • Lot description 1 - 4.99 Acres, Lawn Sprinklers
Location and Zoning
  • Road/Access Paved
  • Zoning description Multiple
  • County Ada
Schools
  • School District Meridian Joint School District 2
Tax and Legal
  • Annual tax $28,941
  • Parcel number R1090760060, R7355910030, R8192260110, R8484000145
  • Legal description LOT 06 BLK 01 BROCKTON SUB, LOT 01 BLK 02 RAZZBERRY CROSSING SUB, LOT 11 BLK 01 STREEPER SUB, PAR #0145 POR LOTS 5-7 BLK 2 TM CROSSING SUB PARCEL B ROS 12109 #0130-S #0140-S #0150-S
Parking and Garage
  • Garage 51 - 100 Spaces, Parking Facility

Listing Information

Listing Agent
Matt Bauscher
Listing Office
Amherst Madison
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