1463 E Star Dr 4,207 SF Retail Building Meridian, ID 83646 $2,473,901 CAD ($588.04 CAD/SF) 6.33% 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 $112,388 in annual rental income and is offered at $1,776,500, representing a 6.33% in-place cap rate and a 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 Chicago-based company is a private equity-backed early childhood education operator with more than 125 locations across 28 states, over 1,000 employees, and more than 20,000 children served, with estimated annual revenue of approximately $500 million.
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.