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.
| MLS # | 98990776 |
|---|---|
| Listing Type | For Sale |
| Building Name | Premier Early Childhood Education Portfolio |
| Status | Active |
| Year | 2020 |
| Days On Site | 63 |
| Listing Provided By | Amherst Madison | Matt Bauscher |
| SQ Feet | 20,243 |
|---|---|
| Story(s) | 1 |
| Units | 4 |
| Zoning | Multiple |
| Acreage | 2.16 |
| Cooling | Central Air |
|---|---|
| Cooling Yes / No | Yes |
| Heating | Forced Air |
| Heating Yes / No | Yes |
| Flooring | Concrete |
| Roof | Composition |
|---|---|
| Lot Features | 1 - 4.99 Acres, Lawn Sprinklers |
| Construction Materials | Frame, Stone |
| Fencing | Partial, Fenced |
| Parking Features | 51 - 100 Spaces, Parking Facility |
|---|
| Utilities | Sewer Connected, Natural Gas Available |
|---|
| Tax Annual Amount | 28941 |
|---|---|
| Tax Legal Description | LOT 06 BLK 01 BROCKTON SUB, LOT 01 BLK 02 RAZZBERRY CROSSING SUB, LOT 11 BLK 01 STREEPER SUB, PAR #0145 POR LOTS 5-7 BLK 2 TM CROSSING SUB PARCEL B ROS 12109 #0130-S #0140-S #0150-S |
| State | ID |
|---|---|
| County | Ada |
| City | Meridian |
| Zip Code | 83646 |
| Area | Ada |
| Listing VS Median (in 83646) | |
Price: $8,548,100 low | high Med: $1,524,024 sqft: 20,243 low | high Med: 3,370 $ / sqft: $422 low | high Med: $451 On site: 63 low | high Med: 52.5 | |
| State | ID |
|---|---|
| County | Ada |
| City | Meridian |
| Zip Code | 83646 |
| Area | Ada |
| Listing VS Median (in 83646) | |
Price: $8,548,100 low | high Med: $1,524,024 sqft: 20,243 low | high Med: 3,370 $ / sqft: $422 low | high Med: $451 On site: 63 low | high Med: 52.5 | |