2490 Cloverdale RdBoise, ID 83709

This exceptional investment opportunity presents a 4,192 square foot Class A office building located at 2490 S Cloverdale Rd, Boise, ID 83709. The property, built in 2005 and situated on a 0.906-acre lot, boasts 20 parking spaces and is zoned R-1C. Currently occupied by a learning center under a net lease agreement (NNN), the property offers a strong 6.35% cap rate based on a Net Operating Income (NOI) of $165,240. The lease commenced October 1, 2023, with a remaining term of four years and five additional five-year renewal options. The tenant is responsible for all expenses except structure, roof, plumbing, and electrical. Annual rent bumps of 2% are built into the lease, providing consistent income growth. The property benefits from its location next to Pepper Ridge Elementary School and within a rapidly developing residential area. This is a stable, recession-proof investment with a long-term tenant and significant upside potential. The single-tenant occupancy is currently at 100%. This is a rare opportunity to acquire a high-performing, low-maintenance commercial property in a thriving Boise neighborhood.