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About This Home
This 0-bedroom, 0-bathroom single family at 3605 N Locust Grove Rd in Meridian, ID is listed for $1,419,000 ($445 per sqft). Built in 2007, the home offers 3,190 sqft of living space on a 0.37 acres lot.
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.
Key Features
- Built in 2007
- 0.37 acre lot
- 9 parking spaces
Property Details
Amenities
Monthly Cost Estimate
$7,589/mo
20% down · 6.5% · 30 years
Estimates only. Actual payments may vary.
Location
3605 N Locust Grove Rd
Meridian, ID 83646
Features & Amenities
Exterior Features
Property Details
Flooring
Construction
Heating
Cooling
Questions & Answers
This 0-bedroom, 0-bathroom single family at 3605 N Locust Grove Rd is listed at $1,419,000 ($445/sqft). The estimated monthly payment is $6,149 based on 20% down at 6.5% interest.
Key features include: Built in 2007, 0.37 acre lot, 9 parking spaces. Exterior Features: Paved Outside Area.
This property is listed by Matt Bauscher and can be reached at 2083308515 or matt@bauscherrealestate.com.