Multiple Portfolio Listing Multiple Locations, Meridian, ID 83646

Courtesy of Amherst Madison. Main: 208-391-2391

$8,548,100
20,243
SqFt

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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.

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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