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About the Listing 11591 - 21248
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.
Listing Highlights
Status
Active
Days on Site
17
Property Type
Commercial Sale
MLS ®
98990765
Year Built
2007
Total Square Footage
3,190
Lot/Acreage
0.37
County
Ada
Interior Details
- Bedrooms: 0
- Bathrooms: 0 Full
- Appliances:
- Air Cond: Central Air
- Heating: Forced Air,Natural Gas
- Fireplaces:
- Floor: Concrete
- Above Ground Sq Ft:
- Below Ground Sq Ft: n/a
- Basement:
- Other:
- Water: City Service
Exterior Details
- Lot Description: 10000 SF - .49 Acre,Lawn Sprinklers,Partial,Fenced,Sewer Connected,Natural Gas Available,1 Acre or Less
- Garage Capacity: N/A
- Parking Spaces: 9
- Zoning: L-O
- Roof: Composition
- Others:
- Sewer:
- Parking Features: 6 - 10 Spaces,Parking Facility
Financial Details
- Tax Amount: $3,823
- Taxes w/Assessments: N/A
- Tax/Property ID: R1090760060
- Tax Year: N/A
Payment Calculator
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Questions About..
3605 N Locust Grove Rd Meridian, ID 83646
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