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.
- Heating:
- Forced Air, Gas
- Cooling:
- Central air
- Parking:
- 6 - 10 spaces
- Total Parking:
- 9
- Country:
- US
- State:
- ID
- City:
- Meridian
- Zipcode:
- 83646
- Street:
- 3605 N Locust Grove Rd
- Longitude:
- W117° 37' 30.3''
- Latitude:
- N43° 38' 15.6''
- Status:
- New
- Type:
- Commercial
- Lease Type:
- NNN
- Taxes:
- $6
- Potential Short Sale:
- No
- Unit count:
- 1
- Age:
- 11 - 20 Years
- Auction:
- No
- Flood Ins Required:
- No
- In Foreclosure:
- No
- Land Size:
- 10000 SF - .49 Acre
- Structure Features:
- Paved street, Paved outside area, Handicap access, Lawn sprinklers, Lighting, Fenced yard
- Construction:
- Frame, Stucco, Stone
- Roof:
- Composition shingle
- Water:
- City service
Business/Commercial For Sale
3605 N Locust Grove Rd, Meridian, Idaho 83646
- Property Type :
- Business/Commercial
- Listing Type :
- For Sale
- Listing ID :
- 98990765
- Price :
- $1,419,000
- Apx SqFt :
- 3,190 SqFt
- Year Built :
- 2007
- Lot Area :
- 0.37 Acres
- Update Date :
- 06/18/2026 17:56:49
- Status :
- Active
- JoeAnne Santy-Greene
- (208) 947-4609
- (208) 283-6313
- (208) 287-8500
-
