Additional details

Colby Lampman

colby@homesofidaho.com +1(208) 442-1530

Listed by Matt Bauscher • Amherst Madison

$1,348,050

Est. payment - /mo

3,190 SqFt

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Key Details

Property Type Commercial

Listing Status Active

Purchase Type For Sale

Square Footage 3,190 sqft

Price per Sqft $422

MLS Listing ID 98990765

HOA Y/N No

Year Built 2007

Annual Tax Amount $3,823

Lot Size 0.370 Acres

Acres 0.37

Source IMLS 2

Property 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.

Location

State ID

County Ada

Zoning L-O

Direction From Chinden Blvd, south on Locust Grove Rd to property.

Interior

Heating Forced Air, Natural Gas

Cooling Central Air

Flooring Concrete

Fireplace No

Exterior

Exterior Feature Paved Outside Area

Fence Partial, Fenced

Utilities Available Sewer Connected, Natural Gas Available

Roof Type Composition

Street Surface Paved

Accessibility Handicap Access

Handicap Access Handicap Access

Total Parking Spaces 9

Building

Lot Description 10000 SF - .49 Acre, Lawn Sprinklers

Building Description Frame,Stucco,Stone, Lighting

Faces From Chinden Blvd, south on Locust Grove Rd to property.

Story 1

Water City Service

Structure Type Frame,Stucco,Stone

New Construction No

Others

Senior Community No

Tax ID R1090760060

Acceptable Financing Cash, Conventional

Listing Terms Cash, Conventional

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Colby Lampman

+1(208) 442-1530

Broker License ID: DB30961

3605 N Locust Grove Rd Meridian, ID 83646

Colby Lampman

Key Details

Location

Interior

Exterior

Building

Others

Nearby School & Business

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