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MLSⓇ ID
98990765MLS Logo
0 Beds
3,190 sqft

$1,348,050

3605 N Locust Grove Rd, Meridian ID, 83646

Price per sqft$422.59
Built in2007
Property size3,190 sqft
Property typeCommercial
Courtesy of Matt Bauscher, Amherst Madison, 208-391-2391

Overview

Active

Listed Jun 18, 2026

Updated 3 days ago

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

MLS® ID
98990765
ID - Intermountain Multiple Listing Service (IMLS)

Interior Features

Bedrooms
0
Cooling
Yes
Heating
Yes
Basement
No

Exterior Features

Lot Size
0.37 Acres

Other Property Details

Taxes
$3,823
Tax Frequency
Annually
MLS provider logo

Courtesy of Amherst Madison, Matt Bauscher, 
Listing Contact: 208-391-2391 

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Data last updated 2:27 PM UTC, 10/7/2026

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