2009 S Wells Ave
10,915 SF Retail Building Meridian, ID 83642 $4,600,000 ($421.44/SF) 6% Cap Rate
INVESTMENT HIGHLIGHTS
- Premier Tenant – The Goddard School, a trusted and established national preschool brand.
- Absolute NNN Lease – No landlord responsibilities; tenant is fully responsible for all expenses, including taxes, insurance, and maintenance. Perfect
- Prime Meridian Location – Situated in one of Idaho’s fastest-growing communities with strong demographics and demand for high-quality childcare servic
- Long-Term Stability – Tenant will execute a new 7-year lease at closing.
- Annual Rent Increases – 2% annual escalations provide built-in income growth.
- Boise Idaho - Boise is currently the 6th fastest growing city in the U.S. and Idaho has experienced more growth than any other state in the county
EXECUTIVE SUMMARY
We are pleased to present a prime net leased investment opportunity featuring The Goddard School, a leader in early childhood education. This 2019-built property offers a brand-new 7-year absolute NNN lease, ensuring long-term tenant stability and zero landlord responsibilities. The lease includes 2% annual rent escalations, providing steady income growth and protection against inflation. Situated in one of Idaho’s fastest-growing cities, the property benefits from strong local demand for childcare services. This
passive, recession-resistant investment offers predictable cash flow with no management duties, ideal for investors seeking a high-quality, long-term asset. Contact us for more details.
passive, recession-resistant investment offers predictable cash flow with no management duties, ideal for investors seeking a high-quality, long-term asset. Contact us for more details.
PROPERTY FACTS
Sale Type
Investment NNN
Sale Conditions
Property Type
Retail
Property Subtype
Building Size
10,915 SF
Building Class
B
Year Built
2019
Price
$4,600,000
Price Per SF
$421.44
Cap Rate
6%
NOI
$276,000
Tenancy
Single
Building Height
1 Story
Building FAR
0.22
Lot Size
1.12 AC
MAJOR TENANTS
- TENANT
- INDUSTRY
- SF OCCUPIED
- RENT/SF
- LEASE TYPE
- LEASE END
-
- Educational Services
- 100 SF
- $25.29
- Triple Net
- Feb 2032
The Goddard School® is a private preschool and early childhood education center with locations across the United States. Their preschool's approach to learning is centered around play-based activities and hands-on experiences, which help children develop a love for learning while building important skills in areas like literacy, math, and social-emotional development. In addition to providing a nurturing and supportive environment for children, The Goddard School also places a strong emphasis on communication and collaboration with parents to support their child's growth and development both inside and outside the classroom. Find the nearest private preschool near you by using their School Locator tool.
| TENANT | INDUSTRY | SF OCCUPIED | RENT/SF | LEASE TYPE | LEASE END | |
|
|
Educational Services | 100 SF | $25.29 | Triple Net | Feb 2032 |
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | R3238510290 | Improvements Assessment | $0 |
| Land Assessment | $0 | Total Assessment | $3,203,000 |
