About 3605 N Locust Grove Rd
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.
Features of 3605 N Locust Grove Rd
| MLS® # | 98990765 |
|---|---|
| Price | $1,348,050 |
| Square Footage | 3,190 |
| Acres | 0.37 |
| Year Built | 2007 |
| Type | Commercial Sale |
| Status | Active |
Community Information
| Address | 3605 N Locust Grove Rd |
|---|---|
| City | Meridian |
| County | Ada |
| State | ID |
| Zip Code | 83646 |
Amenities
| Utilities | Sewer Connected, Natural Gas Available |
|---|---|
| Parking Spaces | 9 |
| Parking | 6 - 10 Spaces, Parking Facility |
| Is Waterfront | No |
| Has Pool | No |
Interior
| Heating | Forced Air, Natural Gas |
|---|---|
| Cooling | Central Air |
| Fireplace | No |
| # of Stories | 1 |
Exterior
| Exterior Features | Paved Outside Area |
|---|---|
| Lot Description | 10000 SF - .49 Acre, Lawn Sprinklers |
| Roof | Composition |
Additional Information
| Date Listed | June 18th, 2026 |
|---|---|
| Days on Market | 55 |
| Zoning | L-O |
| Foreclosure | No |
| Short Sale | No |
| RE / Bank Owned | No |
Listing Details
| Office | Amherst Madison |
|---|---|
| Contact Info | mike@amherst-madison.com |