1001 S Sentinel Ln 7,566 SF Retail Building Meridian, ID 83642 $3,366,000 ($444.89/SF) 5.88% Cap Rate

Ten Mile Academy presents the opportunity to acquire a single-tenant net leased childcare investment located in the rapidly growing Boise Metropolitan Area. The property consists of a 7,566 SF purpose-built childcare facility situated on approximately 0.89 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 $197,988 in annual rental income and is offered at $3,366,000, representing a 5.88% in-place cap rate and approximately 6.00% forward cap rate following the first contractual rent increase.
Constructed in 2020, the facility benefits from modern improvements, strong curb appeal, and a mission-critical use within one of Idaho's fastest-growing markets. The tenant is responsible for taxes, insurance, maintenance, and operating expenses, providing investors with a passive ownership structure and predictable long-term cash flow.
Located near the intersection of N Ten Mile Road and W McMillan Road, the property is surrounded by continued residential development, population growth, and strong household formation that support long-term demand for childcare and early education services. This offering is ideal for 1031 exchange buyers, private investors, and net lease purchasers seeking stable income with built-in contractual rent growth.