3605 N Locust Grove Rd , Meridian, ID 83646
$1,348,050
Est. Payment: $2,995.67/mo
0 Bed
0 Bath
3190 Sqft
Status: Active | Days on site: 55
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House 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.

Highlights

Listed by Matt Bauscher , 208-330-8515 Amherst Madison , 208-391-2391.

Property Type

Commercial Sale

Lot/Acreage
0.37

Year Built

2007

County

Ada

Listing ID

98990765

Questions about this listing?

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Interior Features

Bedrooms and Bathrooms
  • Bedrooms:0
  • Bathrooms:0
  • Full Bathrooms:
Air Cond:Central Air
Fireplaces:
Floor:Concrete
Water:City Service

Exterior Features

Lot:10000 SF - .49 Acre,Lawn Sprinklers,Partial,Fenced,Sewer Connected,Natural Gas Available,1 Acre or Less
Garage Capacity:9
Zoning:L-O
Roof:Composition
Parking Features:6 - 10 Spaces,Parking Facility
Principal Interest
$2,996
Taxes
$319

Home Price

$1,348,050

Loan Details

30 yrs
%

Down Payment

20%
$269,610
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Monthly Price:
$2,995.67

Principal

Taxes

Principal Taxes HOA Total
Monthly $2,995.67 $318.58 $0.00 $3,314.25
Yearly $35,948.00 $3,823.00 $0.00 $39,771.00
Total $1,078,440.00 $114,690.00 $0.00 $1,193,130.00

Today's Rates

30 Year

0%

20 Year

0%

15 Year

0%

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Market insight data is pulled from the same city as the listing being viewed (Meridian, ID).

The schools listed are within a 2-mile radius of the property; however, attendance is not guaranteed. Please contact the local school district to confirm zoning and enrollment options.