2490 S Cloverdale Rd - Day Care Center FOR SALE


Boise, ID 83709- Southwest Boise
$1,971,428 USD
208-867-0189
2490 S Cloverdale Rd, Boise, ID for Sale
$1,971,428 USD
Day Care Center - FOR SALE
1/26
null | 7% Cap Rate

2490 S Cloverdale Rd
Boise, ID 83709
Southwest Boise


HIGHLIGHTS

  • Passive Absolute NNN Structure: The lease is structured as absolute NNN, eliminating landlord responsibilities for taxes, insurance, and maintenance
  • Long Term Lease: The tenant executed a new seven year lease beginning September 2023, providing immediate cash flow and lease term security.
  • Annual Rental Growth: Lease includes 2 percent annual rent increases, providing built in income growth and inflation protection.
  • Recession Resistant Asset Class: Childcare properties historically perform well across economic cycles due to essential service demand and dual income
  • Established Operating Location: The property has operated as a daycare facility since 2005, demonstrating long term operational viability and consiste
  • Large Land Parcel: Situated on approximately 0.9 acres, providing ample outdoor play areas and parking which are critical components for childcare fac

OVERVIEW

Goldman | Ryden is pleased to present the opportunity to acquire Happy Hearts Learning Center, a single-tenant, absolute NNN daycare investment located in Boise, Idaho. With zero landlord responsibilities, this asset offers a truly passive investment profile. The property consists of a 4,192 square foot, purpose-built childcare facility situated on 0.906 acres in a high-growth residential corridor. The asset is secured by a new 7-year absolute NNN lease to Happy Hearts Learning Center, featuring 2.0 percent annual rent increases, delivering stable and predictable income. Strategically located adjacent to Pepper Ridge Elementary School and surrounded by dense and expanding residential development, the property benefits from strong underlying demographics, long-term demand drivers, and a consistent childcare customer base.

FOR SALE DETAILS

PRICE

$1,971,428 USD

PRICE/SF

$470 USD /SF

CAP RATE

7%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Day Care Center

ADD'L SUBTYPES

Freestanding, Storefront

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2005

SPRINKLERS

-

PARKING SPACES

20

LAND DETAILS

LAND ACRES

0.91 AC

LAND SF

39,465 SF

ZONING

R-1C

APN/PARCEL ID

S1122325852

ASK ABOUT THIS PROPERTY

Lew GoldmanGoldman | Ryden Real Estate Investment ServicesMore Info
208-867-0189

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Lew GoldmanGoldman | Ryden Real Estate Investment ServicesMore Info
208-867-0189

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