1463 E Star Dr - Day Care Center FOR SALE


Meridian, ID 83646- Northeast Meridian
$1,776,500 USD
208-371-1607
1463 E Star Dr, Meridian, ID for Sale
$1,776,500 USD
Day Care Center - FOR SALE
1/16
null | 6.2% Cap Rate

1463 E Star Dr
Meridian, ID 83646
Northeast Meridian


HIGHLIGHTS

  • New 10-Year NNN Lease
  • 6.01% Forward Cap Rate
  • 100% Occupied Single-Tenant Investment
  • Tenant Pays Taxes, Insurance & Maintenance
  • Three (3) Five-Year Renewal Options
  • Strong Meridian Residential Growth

OVERVIEW

Brighter Beginnings Learning Center presents an opportunity to acquire a fully leased, single-tenant net leased childcare investment in the rapidly growing Boise Metropolitan Area. The property consists of a 4,207-square-foot purpose-built childcare facility situated on approximately 0.56 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 $110,184 in annual rental income and is offered at $1,870,000, representing a 5.89% in-place cap rate and an approximate 6.01% forward cap rate following the first scheduled rent increase. The tenant is responsible for taxes, insurance, maintenance, and operating expenses, providing investors with a passive ownership structure and predictable long-term cash flow. Operated by Premier Early Childhood Education Partners through its affiliated tenant entity, the property serves as a mission-critical childcare facility in one of the Treasure Valley's strongest growth markets. Located within an established residential area of Meridian, the property benefits from continued population growth, expanding neighborhoods, and sustained demand for early childhood education services. This offering is well suited for 1031 exchange buyers and net lease investors seeking stable income, contractual rent growth, and a long-term leased investment in one of Idaho's fastest-growing communities.

FOR SALE DETAILS

PRICE

$1,776,500 USD

PRICE/SF

$422 USD /SF

CAP RATE

6.2%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Day Care Center

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2009

SPRINKLERS

-

PARKING SPACES

14

LAND DETAILS

LAND ACRES

0.56 AC

LAND SF

24,394 SF

ZONING

L-O

APN/PARCEL ID

R7355910030

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.