# 3605 N Locust Grove Rd, Meridian, ID 83646 > **TL;DR:** commercial, $1,326,765 ($416/sqft), built 2007, 3,190 sqft. > A/C. Est. $7,096/mo. Listed 134 days. ## Property at a Glance | Attribute | Value | |-----------|-------| | Price | $1,326,765 | | Price/sqft | $416 | | Square Feet | 3,190 | | Year Built | 2007 | | Lot Size | 16,117 sqft (0.37 acres) | | Stories | 1 | | Property Type | Commercial (Other) | | Status | Active | | Days on Market | 134 | ## Estimated Monthly Costs | Category | Amount | |----------|--------| | Principal & Interest (20% down, 30-year at 6.5%) | $6,709 | | Estimated Insurance | $387 | | **Total** | **$7,096** | ## Key Amenities - A/C ## Property Highlights - Built in 2007 - 0.37 acre lot - 9 parking spaces ## Description ### Agent 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 - **Address:** 3605 N Locust Grove Rd, Meridian, ID 83646 - **County:** Ada - **Coordinates:** 43.63767279, -116.3749105 - **Google Maps:** https://www.google.com/maps?q=43.63767279,-116.3749105 ## Virtual Tour & Media - **Video Tour:** https://my.matterport.com/show/?m=ha7dKcqof38 ## Listing Agent - **Name:** Matt Bauscher · **License:** SP40991 - **Brokerage:** Amherst Madison Treasure Valley, LLC - **Broker Phone:** (208) 924-4168 - **Listing URL:** [View original listing](http://www.intermountainmls.com/Listings/ListingDetails.aspx?l=98990765) ## Photos ![3605 N Locust Grove Rd - Photo 1](http://lh.rdcpix.com/0fa09414673e39824dea1b788c68ad7fl-f1512458869r.jpg) ![3605 N Locust Grove Rd - Photo 2](http://lh.rdcpix.com/0fa09414673e39824dea1b788c68ad7fl-f657073653r.jpg) ![3605 N Locust Grove Rd - Photo 3](http://lh.rdcpix.com/0fa09414673e39824dea1b788c68ad7fl-f2492355363r.jpg) ![3605 N Locust Grove Rd - Photo 4](http://lh.rdcpix.com/0fa09414673e39824dea1b788c68ad7fl-f1876136165r.jpg) ![3605 N Locust Grove Rd - Photo 5](http://lh.rdcpix.com/0fa09414673e39824dea1b788c68ad7fl-f531735549r.jpg) ![3605 N Locust Grove Rd - Photo 6](http://lh.rdcpix.com/0fa09414673e39824dea1b788c68ad7fl-f496743023r.jpg) ![3605 N Locust Grove Rd - Photo 7](http://lh.rdcpix.com/0fa09414673e39824dea1b788c68ad7fl-f1620048873r.jpg) ![3605 N Locust Grove Rd - Photo 8](http://lh.rdcpix.com/0fa09414673e39824dea1b788c68ad7fl-f4047461299r.jpg) ![3605 N Locust Grove Rd - Photo 9](http://lh.rdcpix.com/0fa09414673e39824dea1b788c68ad7fl-f3494274761r.jpg) ![3605 N Locust Grove Rd - Photo 10](http://lh.rdcpix.com/0fa09414673e39824dea1b788c68ad7fl-f4004794344r.jpg) ![3605 N Locust Grove Rd - Photo 11](http://lh.rdcpix.com/0fa09414673e39824dea1b788c68ad7fl-f3424088986r.jpg) ![3605 N Locust Grove Rd - Photo 12](http://lh.rdcpix.com/0fa09414673e39824dea1b788c68ad7fl-f923994599r.jpg) ![3605 N Locust Grove Rd - Photo 13](http://lh.rdcpix.com/0fa09414673e39824dea1b788c68ad7fl-f1669022632r.jpg) ![3605 N Locust Grove Rd - Photo 14](http://lh.rdcpix.com/0fa09414673e39824dea1b788c68ad7fl-f65742231r.jpg) ![3605 N Locust Grove Rd - Photo 15](http://lh.rdcpix.com/0fa09414673e39824dea1b788c68ad7fl-f4237507344r.jpg) ![3605 N Locust Grove Rd - Photo 16](http://lh.rdcpix.com/0fa09414673e39824dea1b788c68ad7fl-f3399047928r.jpg) ![3605 N Locust Grove Rd - Photo 17](http://lh.rdcpix.com/0fa09414673e39824dea1b788c68ad7fl-f3619486895r.jpg) --- **MLS#:** 98990765 | **Updated:** 2026-10-25 **Source:** listhub *Copyright © 2026 Intermountain Multiple Listing Service. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.* [View on PropertySimple](https://www.propertysimple.ai/listing/3605-n-locust-grove-rd-meridian-id-83646-9fa58d816df143daa06dbe2ab4e4810d) --- ## Structured Data ```json { "@context": "https://schema.org", "@type": "RealEstateListing", "@id": "https://www.propertysimple.ai/listing/3605-n-locust-grove-rd-meridian-id-83646-9fa58d816df143daa06dbe2ab4e4810d#listing", "url": "https://www.propertysimple.ai/listing/3605-n-locust-grove-rd-meridian-id-83646-9fa58d816df143daa06dbe2ab4e4810d", "name": "3605 N Locust Grove Rd, Meridian, ID 83646", "description": "Rare opportunity to acquire a fully leased net-leased childcare investment in the heart of Meridian, Idaho. 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