www.crexi.com - The Commercial Real Estate Exchange
Subscribe to Intelligence for full access
Analyze more property details including ownership and financial history. Share advanced property insights with your clients and teams.
Subscribe to Intelligence for full access
Analyze more property details including ownership and financial history. Share advanced property insights with your clients and teams.
31222739
31222740

2490 S Cloverdale Rd, Boise ID, USA, Boise, ID 83709

MR
ID SP55166
Goldman Ryden
LG
ID SP32488
Goldman Ryden
Listed by Goldman Ryden
$1,971,428
76 days on market
Updated 60 days ago

Children's Learning Center | Absolute NNN | 7 CAP | Boise

Details
Property Type Retail, Special Purpose
Sub Type Day Care/Nursery
Square Footage 4,192
Cap Rate 7%
NOI $138,000
Occupancy 100%
Tenancy Single
Lease Type Absolute NNN
Lease Term 7
Lease Expiration 09/30/2032
Remaining Term 6.3
Rent Bumps Yes
Price per SqFt $470
Broker Co-Op Yes
Class A
Year Built 2005
Acreage 0.960
Investment Type Net Lease
Lease Commencement 10/01/2025
Ownership Fee Simple
Sale Condition 1031 exchange

Absolute NNN | 7.00% CAP | Motivated Seller

Marketing description

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.

Investment highlights

  • Passive Absolute NNN Structure: The lease is structured as absolute NNN, eliminating landlord responsibilities for taxes, insurance, and maintenance.

  • Long Term Lease: The tenant executed a new seven year lease beginning September 2023, providing immediate cash flow and lease term security.

  • Annual Rental Growth: Lease includes 2 percent annual rent increases, providing built in income growth and inflation protection.

  • Recession Resistant Asset Class: Childcare properties historically perform well across economic cycles due to essential service demand and dual income household needs.

  • Established Operating Location: The property has operated as a daycare facility since 2005, demonstrating long term operational viability and consistent use.

  • Strong Residential Growth: Within a 3 mile radius over 2,350 new homes have been built since 2020, driving continued demand for childcare services in the area.

Listing Contacts

MR
ID SP55166
Goldman Ryden
LG
ID SP32488
Goldman Ryden
Listed by Goldman Ryden

Valuation Calculator

Login or Sign up to see Valuation Metrics
Sign up for Crexi to see valuation metrics for this property
$
$
%
Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$138,000.00
$11,500.00/mo

Valuation Metrics

0
DSCR
7%
Cap Rate
7%
ROI

Map

Broker Selected Comps View More Comps

Property History

Intelligence Badge

Tax History

Intelligence Badge

Similar Properties

View All

Additional Information

Name
Matt Ryden
License
SP55166
Brokerage Phone
2086084089
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
Is there information that looks off?
For assistance, reach out to our support team at [email protected] or call 888.273.0423 . For press inquiries, contact [email protected]
Equal Housing Opportunity
5510 Lincoln Blvd #400, Los Angeles, CA 90094Commercial Real Estate Exchange, Inc.Crexi Technologies, LLCCXTechnology, LLC
© 2026 Commercial Real Estate Exchange, Inc. All Rights Reserved. DRE #02086591