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13013 W Persimmon Ln 5,280 SF Office Building Boise, ID 83713 $2,225,850 ($421.56/SF) 6.34% Cap Rate



Investment Highlights
- New 10-Year NNN Lease
- Three (3) Five-Year Renewal Options
- Essential-Service Real Estate
- 100% Occupied Single-Tenant Investment
- Strong Residential Demographics
- Mission-Critical Childcare Facility
Executive Summary
Boise Kid Co. presents the opportunity to acquire a single-tenant net leased childcare investment located within the Boise Metropolitan Area. The property consists of a 5,280 SF purpose-built childcare facility leased under a new 10-year NNN lease with annual 2.0% rental escalations and three (3) five-year renewal options. The property generates $141,042 in annual rental income and is offered at $2,225,850, representing a 6.34% in-place cap rate and forward cap rate following the first contractual 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. The facility serves as a mission-critical operating location and benefits from strong surrounding demographics, continued residential growth, and increasing demand for childcare services throughout the Boise market.
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.
Located near the intersection of W McMillan Road and N Cloverdale Road, the property is strategically positioned within one of the region's fastest-growing residential corridors. This offering is well suited for 1031 exchange buyers and net lease investors seeking stable income, contractual rent growth, and long-term occupancy within a growing market.
The tenant is responsible for taxes, insurance, maintenance, and operating expenses, providing investors with a passive ownership structure and predictable long-term cash flow. The facility serves as a mission-critical operating location and benefits from strong surrounding demographics, continued residential growth, and increasing demand for childcare services throughout the Boise market.
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.
Located near the intersection of W McMillan Road and N Cloverdale Road, the property is strategically positioned within one of the region's fastest-growing residential corridors. This offering is well suited for 1031 exchange buyers and net lease investors seeking stable income, contractual rent growth, and long-term occupancy within a growing market.
Property Facts
Sale Type
Investment NNN
Sale Conditions
Property Type
Building Size
5,280 SF
Building Class
B
Year Built
2002
Price
$2,225,850
Price Per SF
$421.56
Cap Rate
6.34%
NOI
$141,042
Tenancy
Single
Building Height
1 Story
Typical Floor Size
5,280 SF
Building FAR
0.36
Lot Size
0.34 AC
Zoning
ZC-268 - ZC-268 zoning designation permitting the existing childcare facility use. Property is currently improved and operating as a licensed childcare center.
Parking
12 Spaces (2.27 Spaces per 1,000 SF Leased)
Amenities
- Fenced Lot
- Security System
- Signage
- Wheelchair Accessible
- Reception
- Air Conditioning
Major Tenants
- Tenant
- Industry
- SF Occupied
- Rent/SF
- Lease End
- Premier ID Boise Kid Co., LLC
- -
- -
- -
- -
| Tenant | Industry | SF Occupied | Rent/SF | Lease End | ||
| Premier ID Boise Kid Co., LLC | - | - | - | - |
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Fairly walkable
50/100
Exceptionally drivable
100/100
Minimal public transit
10/100
Moderately bikeable
60/100
Property Taxes
| Parcel Number | R8192260110 | Improvements Assessment | $0 |
| Land Assessment | $0 | Total Assessment | $1,523,400 |
Property Taxes
Parcel Number
R8192260110
Land Assessment
$0
Improvements Assessment
$0
Total Assessment
$1,523,400
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13013 W Persimmon Ln
