1463 E Star Dr 4,207 SF Retail Building Meridian, ID 83646 $2,657,700 CAD ($631.73 CAD/SF) 5.89% Cap Rate

Brighter Beginnings Learning Center presents an opportunity to acquire a fully leased, single-tenant net leased childcare investment in the rapidly growing Boise Metropolitan Area. The property consists of a 4,207-square-foot purpose-built childcare facility situated on approximately 0.56 acres and is leased under a new 10-year NNN lease with 2.0% annual rental escalations and three (3) five-year renewal options.
The property generates $110,184 in annual rental income and is offered at $1,870,000, representing a 5.89% in-place cap rate and an approximate 6.01% forward cap rate following the first scheduled rent increase. The tenant is responsible for taxes, insurance, maintenance, and operating expenses, providing investors with a passive ownership structure and predictable long-term cash flow.
Operated by Premier Early Childhood Education Partners through its affiliated tenant entity, the property serves as a mission-critical childcare facility in one of the Treasure Valley's strongest growth markets. Located within an established residential area of Meridian, the property benefits from continued population growth, expanding neighborhoods, and sustained demand for early childhood education services.
This offering is well suited for 1031 exchange buyers and net lease investors seeking stable income, contractual rent growth, and a long-term leased investment in one of Idaho's fastest-growing communities.