3605 N Locust Grove Rd,Meridian, ID 83646
Meridian, ID 83646
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.
Details
| MLS # | 98990765 |
|---|---|
| Listing Type | For Sale |
| Building Name | The Owl's Nest Daycare & Preschool |
| Status | Active |
| Year | 2007 |
| Days On Site | 69 |
| Listing Provided By | Amherst Madison | Matt Bauscher |
Features
| SQ Feet | 3,190 |
|---|---|
| Story(s) | 1 |
| Units | 1 |
| Zoning | L-O |
| Acreage | 0.37 |
Interior
| Rooms Total | 0 |
|---|---|
| Cooling | Central Air |
| Cooling Yes / No | Yes |
| Heating | Forced Air, Natural Gas |
| Heating Yes / No | Yes |
| Flooring | Concrete |
Exterior
| Exterior Features | Paved Outside Area |
|---|---|
| Roof | Composition |
| Lot Features | 10000 SF - .49 Acre, Lawn Sprinklers |
| Construction Materials | Frame, Stucco, Stone |
| Fencing | Partial, Fenced |
Parking
| Parking Features | 6 - 10 Spaces, Parking Facility |
|---|
Utilities
| Utilities | Sewer Connected, Natural Gas Available |
|---|---|
| Electric | 220 Volts |
Taxes
| Tax Annual Amount | 3823 |
|---|---|
| Tax Legal Description | LOT 06 BLK 01 BROCKTON SUB |
Area Information
| State | ID |
|---|---|
| County | Ada |
| City | Meridian |
| Zip Code | 83646 |
| Area | Ada |
| Listing VS Median (in 83646) | |
Price: $1,348,050 low | high Med: $575,450 sqft: 3,190 low | high Med: 1,824 $ / sqft: $423 low | high Med: $316 On site: 69 low | high Med: 74.5 | |
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Learn More About This Property
| State | ID |
|---|---|
| County | Ada |
| City | Meridian |
| Zip Code | 83646 |
| Area | Ada |
| Listing VS Median (in 83646) | |
Price: $1,348,050 low | high Med: $575,450 sqft: 3,190 low | high Med: 1,824 $ / sqft: $423 low | high Med: $316 On site: 69 low | high Med: 74.5 | |
SERVICING IDAHO SINCE 1985
