3605 N Locust Grove Rd - Day Care Center FOR SALE


Meridian, ID 83646- Northeast Meridian
$1,348,050 USD
208-371-1607
3605 N Locust Grove Rd, Meridian, ID for Sale
$1,348,050 USD
Day Care Center - FOR SALE
1/17
null | 6.2% Cap Rate

3605 N Locust Grove Rd
Meridian, ID 83646
Northeast Meridian


HIGHLIGHTS

  • New 10-Year NNN Lease
  • 5.89% In-Place Cap Rate
  • 2.0% Annual Rent Escalations
  • Tenant Pays Taxes, Insurance & Maintenance
  • Three (3) Five-Year Renewal Options
  • 100% Occupied Single-Tenant Investment

OVERVIEW

The Owl's Nest Daycare & Preschool presents the opportunity to acquire a fully leased, single-tenant net leased childcare investment in the Boise Metropolitan Area. The property consists of a 3,190-square-foot childcare facility situated on approximately 0.37 acres and is leased under a new 10-year NNN lease with 2.0% annual rental escalations and three (3) five-year renewal options. The property generates $83,544 in annual rental income and is offered at $1,419,000, representing a 5.89% in-place cap rate and an approximate 6.01% forward cap rate following the first scheduled rent increase. The tenant is responsible for taxes, insurance, maintenance, and operating expenses, providing investors with a passive ownership structure and predictable long-term cash flow. Operated by Premier Early Childhood Education Partners through its affiliated tenant entity, the property serves as a mission-critical childcare facility benefiting from strong surrounding demographics, continued residential growth, and increasing demand for early childhood education throughout the Treasure Valley. Located along N Locust Grove Road in Meridian, the property is positioned within a well-established residential corridor with convenient access to surrounding neighborhoods, schools, and major transportation routes. This offering is well suited for 1031 exchange buyers and net lease investors seeking stable income, contractual rent growth, and long-term occupancy in one of Idaho's strongest growth markets.

FOR SALE DETAILS

PRICE

$1,348,050 USD

PRICE/SF

$224 USD /SF

CAP RATE

6.2%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Day Care Center

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2007

SPRINKLERS

-

PARKING SPACES

9

LAND DETAILS

LAND ACRES

0.37 AC

LAND SF

16,117 SF

ZONING

L-O

APN/PARCEL ID

R1090760060

ASK ABOUT THIS PROPERTY

Matt BauscherBauscher Real EstateMore Info
208-371-1607

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Matt BauscherBauscher Real EstateMore Info
208-371-1607

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.