3605 N Locust Grove Rd, Meridian, ID 83646
sale
$1,348,050
|
Other
Courtesy Of Amherst Madison Treasure Valley, LLC
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.
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Property Features
- Age: 11-20 Years Old
- Amenities: Disabled Access
- Building Units: 1
- Cooling System: Central Air
- Exterior Type: Frame
- Exterior Type: Stone
- Exterior Type: Stucco
- Floor Covering: Concrete
- Floors: 1
- Heating System: Forced Air
- Heating System: Natural Gas
- Legal Description: LOT 06 BLK 01 BROCKTON SUB
- MLSID: 98990765
- Parking Spaces: 9
- Roof Type: Composition
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