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Absolute NNN - Boise ID - Below Market Rents 12228 W Bridger Bay Dr

5,760 SF Retail Building Star, ID 83669 £1,251,920 (£217/SF) 6% Net Initial Yield

Investment Highlights

  • Under market rents hedge against any downside risk.
  • Tenant will execute a brand new 5 year lease at closing, showing a strong commitment to the location.
  • Recession Proof Tenant.
  • Tenant has been in business since 2008.
  • The population of Star has tripled in size since 2010.
  • Attractive 3% annual increases.

Executive Summary

Stepping Stones Children’s Center is a premier early education facility located in the rapidly growing city of Star, Idaho. This well maintained property offers a unique investment opportunity in an essential industry, childcare services, which continues to thrive. The property is occupied by a long-term tenant, a reputable childcare operator, who will execute a brand new 5 year lease at the close of
escrow. The property features a modern design and is equipped with all necessary amenities to support early education and childcare services. The facility includes multiple classrooms, secure outdoor play areas, and dedicated administrative spaces. Star, Idaho is one of the fastest-growing areas in the Treasure Valley, benefiting from strong population growth and increasing demand for family-oriented services. The property is strategically located near residential communities, providing convenient access for working parents seeking high quality childcare options. The region has seen consistent appreciation in property values, and the future outlook remains positive with
ongoing developments.

Property Facts

Sale Type
Investment NNN
Sale Conditions
1031 Exchange
Property Type
Retail
Property Subtype
Day Care Centre
Building Size
5,760 SF
Building Class
B
Year Built
2008
Price
£1,251,920
Price Per SF
£217
Net Initial Yield
6%
NOI
£75,115
Tenancy
Single
Number of Floors
1
Building FAR
0.18
Land Acres
0.71 AC
Zoning
R-2
Parking
16 Spaces (2.78 Spaces per 1,000 SF Leased)
Frontage
110 ft on Bridger Bay Dr

MAJOR TENANTS Click Here to Access

  • Tenant
  • Industry
  • SF OCCUPIED
  • RENT/SF
  • Lease Type
  • Lease End
  • Stepping Stones Childrens Center
  • Health Care and Social Assistance
  • 99,999 SF
  • -
  • Lorem Ipsum
  • -
Tenant Industry SF OCCUPIED RENT/SF Lease Type Lease End
Stepping Stones Childrens Center Health Care and Social Assistance 99,999 SF - Lorem Ipsum -

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
R7084450050
Land Assessment
£0
Improvements Assessment
£0
Total Assessment
£937,219
  • Listing ID: 33771603

  • Date on Market: 06/11/2024

  • Last Updated:

  • Address: 12228 W Bridger Bay Dr, Star, ID 83669

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