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2490 S Cloverdale Rd
Boise, ID 83709
Retail Property For Sale
Investment Highlights
- Passive Absolute NNN Structure: The lease is structured as absolute NNN, eliminating landlord responsibilities for taxes, insurance, and maintenance
- Annual Rental Growth: Lease includes 2 percent annual rent increases, providing built in income growth and inflation protection.
- Established Operating Location: The property has operated as a daycare facility since 2005, demonstrating long term operational viability and consiste
- Long Term Lease: The tenant executed a new seven year lease beginning September 2023, providing immediate cash flow and lease term security.
- Recession Resistant Asset Class: Childcare properties historically perform well across economic cycles due to essential service demand and dual income
- Large Land Parcel: Situated on approximately 0.9 acres, providing ample outdoor play areas and parking which are critical components for childcare fac
Executive Summary
Goldman | Ryden is pleased to present the opportunity to acquire a single tenant absolute NNN daycare investment located in Boise, Idaho occupied by a premier Early Learning Center. There are zero landlord responsibilities making this a truly passive investment. The property features a 4,192 square foot purpose built childcare facility situated on 0.906 acres in a strong residential growth corridor. The asset is leased to Happy Hearts Learning Center under a new 7 year absolute NNN lease with 2 percent annual increases, providing investors with stable passive income and no landlord responsibilities. Positioned next to Pepper Ridge Elementary School and surrounded by dense residential development, the property benefits from long term demand drivers and a consistent childcare customer base.
Property Facts
Sale Type
Investment NNN
Sale Condition
1031 Exchange
Property Type
Retail
Property Subtype
Building Size
4,192 SF
Building Class
B
Year Built
2005
Price
$1,971,428
Price Per SF
$470.28
Cap Rate
7%
NOI
$138,000
Tenancy
Single
Building Height
1 Story
Building FAR
0.11
Lot Size
0.91 AC
Zoning
R-1C
Parking
20 Spaces (4.77 Spaces per 1,000 SF Leased)
Frontage
133’ on Cloverdale Rd
Amenities
- Pylon Sign
Property Taxes
| Parcel Number | S1122325852 | Improvements Assessment | $0 |
| Land Assessment | $0 | Total Assessment | $975,600 |
Property Taxes
Parcel Number
S1122325852
Land Assessment
$0
Improvements Assessment
$0
Total Assessment
$975,600
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