3605 N Locust Grove Rd, Meridian, ID 83646

Courtesy of Amherst Madison. Main: 208-391-2391

$1,348,050
3,190
SqFt

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List Price
$1,348,050
Price Change
▼ $70,950 1784962610
Days on Market
37
Status
ACTIVE
MLS#
98990765
County
Ada
Sq. Ft
3190
Year Built
2007
Acres
0.37
Age
11 - 20 Years

Property Description

Rare opportunity to acquire a fully leased net-leased childcare investment in the heart of Meridian, Idaho. The property consists of a 3,190 SF purpose-built daycare facility situated on 0.37 acres and occupied by Premier Early Childhood Education Partners under a long-term triple-net lease. The lease commenced August 22, 2025 and extends through August 2035 with three 5-year renewal options and annual 2% rent increases. Tenant is responsible for taxes, insurance, utilities, HOA dues, landscaping, HVAC maintenance, and general repairs, providing stable passive income and minimal landlord responsibilities. Located along the highly trafficked Locust Grove Road corridor, the property is surrounded by established neighborhoods, schools, parks, and major retail amenities, including The Village at Meridian. The property benefits from strong surrounding demographics, established residential neighborhoods, and continued population growth supporting long-term childcare demand.

Additional Information

Sq. Ft
3190
Garagetype
6 - 10 Spaces, Parking Facility
Roof
Composition
Construction
Frame, Stucco, Stone
Fenced
Partial, Fenced
Lot Features
10000 SF - .49 Acre, Lawn Sprinklers
Air Conditioning
Central Air
Heating
Forced Air, Natural Gas
Water
City Service
Electric
220 Volts
Taxes
$3,823
Parcel Number
R1090760060
Gross Operating Income
83544


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