1001 S Sentinel Ln - Day Care Center FOR SALE


Meridian, ID 83642- Southwest Meridian
$3,366,000 USD
208-371-1607
1001 S Sentinel Ln, Meridian, ID for Sale
$3,366,000 USD
Day Care Center - FOR SALE
1/29
null | 5.88% Cap Rate

1001 S Sentinel Ln
Meridian, ID 83642
Southwest Meridian


HIGHLIGHTS

  • New 10-Year NNN Lease
  • 100% Occupied Single-Tenant Investment
  • 31 On-Site Parking Spaces
  • Located in the Boise MSA
  • Strong Population & Household Growth
  • Mission-Critical Early Childhood Education Facility

OVERVIEW

Ten Mile Academy presents the opportunity to acquire a single-tenant net leased childcare investment located in the rapidly growing Boise Metropolitan Area. The property consists of a 7,566 SF purpose-built childcare facility situated on approximately 0.89 acres and is leased under a new 10-year NNN lease with 2.0% annual rental escalations and three (3) five-year renewal options. The property generates $197,988 in annual rental income and is offered at $3,366,000, representing a 5.88% in-place cap rate and approximately 6.00% forward cap rate following the first contractual rent increase. Constructed in 2020, the facility benefits from modern improvements, strong curb appeal, and a mission-critical use within one of Idaho's fastest-growing markets. The tenant is responsible for taxes, insurance, maintenance, and operating expenses, providing investors with a passive ownership structure and predictable long-term cash flow. Located near the intersection of N Ten Mile Road and W McMillan Road, the property is surrounded by continued residential development, population growth, and strong household formation that support long-term demand for childcare and early education services. This offering is ideal for 1031 exchange buyers, private investors, and net lease purchasers seeking stable income with built-in contractual rent growth.

FOR SALE DETAILS

PRICE

$3,366,000 USD

PRICE/SF

$445 USD /SF

CAP RATE

5.88%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Day Care Center

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2020

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.88 AC

LAND SF

38,463 SF

ZONING

C-G

APN/PARCEL ID

R8484000145

ASK ABOUT THIS PROPERTY

Matt BauscherBauscher Real EstateMore Info
208-371-1607

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Matt BauscherBauscher Real EstateMore Info
208-371-1607

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.