Northmarq, is pleased to offer the opportunity to acquire 100% fee simple interest in the single-tenant, early childhood education facility located at 4818 Elsinore Avenue in Meridian, Idaho (the “Property”), just ten miles west of Downtown Boise. The Property is occupied by Primrose Schools, a leading childcare provider with 525 schools across 34 states and the District of Columbia. Primrose recorded more than $1.2 billion in systemwide sales in 2024 and has enjoyed immense growth in recent years – 82 new schools opened since 2021, 40 openings are planned for 2025 and 200+ new schools are currently in the pipeline. Its franchise program is nationally recognized among the best in not only the childcare industry, but of all franchise systems in the U.S. Built in 2023 on a hard corner in a dense, high-growth residential corridor, the Property is operating under a 15-year NNN lease with 13.5+ years remaining. The lease features no recurring Landlord responsibility (limited to foundation and structural elements only; Tenant responsible for roof) and 2.00% annual rental increases. Meridian is the 2nd-largest city in Idaho and was the 4th-fastest growing city in the entire country last decade. It is a part of the Boise metro area, which was the 8th-fastest growing metro last decade and is projected to be the 2nd-fastest growing mid-size metro over the next five years. Boise has enjoyed tremendous job and income growth recently, including the 2nd-highest job growth market and the 6th-fastest growing incomes from 2012-2022.