12228 Bridger Bay DrStar, ID 83669

Property Details for 12228 Bridger Bay Dr

Year built

2008

Lot size

0.71 AC

Property size (Sq ft)

5,760 SF

Zone code

C-1

Property type

Other commercial real estate

APN

R7084450050

APU

R7084450050

Description

This exceptional investment opportunity presents a 5,760 square foot, Class A daycare center in Star, Idaho, part of the rapidly growing Boise MSA. Located at 12228 W Bridger Bay Dr, this single-tenant property features a fee-simple ownership structure and a new 5-year absolute NNN lease with zero landlord responsibilities. The lease includes annual rent increases of 3%, mitigating potential downside risk. The current tenant, established since 2008, enjoys 100% occupancy, generating a strong net operating income (NOI) of $96,000, resulting in a 6.00% cap rate. The asking price is $1,600,000, translating to $277.78 per square foot. Built in 2008, this property benefits from its location in a high-demand sector within a thriving community. Star's population has tripled since 2010, and median household income surged 18% between 2021 and 2022, reaching $88,625. This turnkey investment offers a secure income stream in a recession-proof industry, situated conveniently near Meridian and Eagle, within the 825,000-resident Boise MSA. The below-market rents provide additional protection against economic fluctuations. This is a 1031 exchange eligible property.

• Alternative Use

  Use

  Valuation

  Residential

  $1,343,432

  Hospitality

  $1,230,576

  Educational

  $1,023,825

  Medical

  $1,059,036

  Retail

  $1,592,617

Location Insight

City

Star

County

Ada

State

Idaho

Latitude

43.692

Longitude

-116.506

CBSA code

14260

CBSA name

BOISE CITY-NAMPA, ID METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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