Multiple Portfolio Listing Multiple Locations, Meridian, ID 83646
Multiple Portfolio Listing Multiple Locations, Meridian, ID 83646
Multiple Portfolio Listing Multiple Locations, Meridian, ID 83646
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Lysi Bishop

Lysi Bishop

+1(208) 472-5337
Listed by Matt Bauscher • Amherst Madison
$8,998,000
Est. payment /mo
20,243 SqFt
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UPDATED:

Key Details

Property Type Commercial

Listing Status Active

Purchase Type For Sale

Square Footage 20,243 sqft

Price per Sqft $444

MLS Listing ID 98990776

HOA Y/N No

Year Built 2020

Annual Tax Amount $28,941

Lot Size 2.160 Acres

Acres 2.16

Source IMLS 2

Property Description

Rare opportunity to acquire a portfolio of four purpose-built childcare facilities leased to Premier Early Childhood Education Partners under long-term triple-net leases. The portfolio consists of approximately 20,243 square feet situated on approximately 2.16 acres throughout Meridian and Boise, Idaho. The assets are 100% occupied and leased under long-term NNN agreements that provide investors with passive ownership and limited landlord responsibilities. Each property is leased to a Premier Early Childhood Education Partners affiliate pursuant to a newly executed 10-year lease term commencing in 2025. The leases feature three five-year renewal options and annual rent escalations of 2.0%, providing built-in income growth. Located throughout the rapidly growing Boise MSA, the portfolio benefits from strong demographics, increasing demand for childcare services, purpose-built facilities, and mission-critical tenancy.

Location

State ID

County Ada

Zoning Multiple

Direction See individual property locations. 1001 S Sentinel Lane Meridian ID 83642, 1463 E Star Dr Merdidian ID 83646, 3605 N Locust Grove rd Meridian ID 83646, 13013 W Persimmon Ln Boise ID 83713.

Interior

Heating Forced Air

Cooling Central Air

Flooring Concrete

Fireplace No

Exterior

Fence Partial, Fenced

Utilities Available Sewer Connected, Natural Gas Available

Roof Type Composition

Street Surface Paved

Accessibility Handicap Access

Handicap Access Handicap Access

Building

Lot Description 1 - 4.99 Acres, Lawn Sprinklers

Building Description Frame,Stone, Lighting

Faces See individual property locations. 1001 S Sentinel Lane Meridian ID 83642, 1463 E Star Dr Merdidian ID 83646, 3605 N Locust Grove rd Meridian ID 83646, 13013 W Persimmon Ln Boise ID 83713.

Story 1

Water City Service

Structure Type Frame,Stone

New Construction No

Others

Senior Community No

Tax ID R1090760060, R7355910030, R8192260110, R8484000145

Acceptable Financing Cash, Conventional

Listing Terms Cash, Conventional

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Lysi Bishop

With over 25 years of experience serving the Treasure Valley, Lysi Bishop Real Estate sets the standard for real estate, and continues with our mission statement to 'Create Bigger Lives for All.'

+1(208) 472-5337

info@lysibishop.com

913 W River St Suite 200, Boise, ID, 83702

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