6241 N Linder Rd - Freestanding FOR SALE


Meridian, ID 83646- Northwest Meridian
$6,500,000 USD
949-412-1616
6241 N Linder Rd, Meridian, ID for Sale
$6,500,000 USD
Freestanding - FOR SALE
1/6
null | 7% Cap Rate

6241 N Linder Rd
Meridian, ID 83646
Northwest Meridian


HIGHLIGHTS

  • Top National Tenant: TLE has 430+ locations and 210% revenue growth combines a proven 40+ year track record, and a corporate guaranty.
  • New 15-year absolute NNN lease with two 5-year extension options, offering stable, long-term income and zero landlord responsibilities.
  • Built-In Income Growth: 8% rent increases every 5 years provide inflation protection and enhance long-term returns.
  • Large 1-Acre Parcel: Offers operational flexibility, potential for expansion or added income uses, and long-term value enhancement.
  • Brand-New 2025 Construction with modern design, 20-year roof warranty, minimizing maintenance and maximizing long term value.
  • Prime Location in Affluent Meridian, ID: High $135K+ incomes and rapid residential growth fuel strong demand for premium childcare.

OVERVIEW

IDAHO BROKER OF RECORD: TOK BOISE LLC Michael Ballantyne..... License No. DB18541 We are pleased to offer for sale the fee simple interest (land & building) in a newly constructed The Learning Experience (TLE) on a long-term 15- year corporate guaranteed NNN lease. The TLE property is a freestanding parcel poised for immediate success through strategic real estate placement in the affluent and rapidly growing community of Meridian, Idaho. The investment includes scheduled rental increases throughout the lease term and option periods, providing a natural hedge against inflation and ensuring stable cash flow. The subject property is a brand-new build-to-suit facility featuring modern prototypical improvements and zero deferred maintenance. The long-term NNN lease offers security and stability for the investor with minimal landlord responsibilities. Situated on a large 1-acre parcel, the site provides ample parking and future flexibility for tenant operations and potential expansions. The Learning Experience is the nation’s fastest-growing early-learning academy franchise and is ranked #1 in the childcare industry by Entrepreneur Magazine’s Franchise 500 for 2025. With over 670 locations open or under development, the company benefits from increased government focus on childcare and early education. TLE has experienced a 210% revenue surge in the past five years. Prior to being acquired by Golden Gate Capital in 2018, TLE experienced another 210% increase in revenue over the preceding 5 years, and continues to outperform competitors, enticing more than 45% of franchisees to own two or more centers. The subject property is strategically located at the intersection of N Linder Rd and Chinden Blvd, a high-traffic area with over 30,000 vehicles per day (VPD). The site is surrounded by key community amenities, including schools, parks, and retail centers, which drive additional foot traffic. Strong trade area demographics include over 163,000 residents and 58,000 households within a 5-mile radius, with an average household income exceeding $137,000 within a 3-mile radius. The affluent community, with high-end developments and home values exceeding $800,000, creates strong demand for premium childcare services.

FOR SALE DETAILS

PRICE

$6,500,000 USD

PRICE/SF

$649 USD /SF

CAP RATE

7%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

The Learning Experience | 15 Yr NNN Lease

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Freestanding

ADD'L SUBTYPES

Day Care Center, Fast Food, Restaurant

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2025

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

1 AC

LAND SF

43,560 SF

ZONING

C-G

APN/PARCEL ID

R4995360100

ASK ABOUT THIS PROPERTY

Jeff ConoverFaris Lee InvestmentsMore Info
949-412-1616

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Jeff ConoverFaris Lee InvestmentsMore Info
949-412-1616

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