1463 E Star Dr, Meridian, ID 83646
Courtesy of Amherst Madison. Main: 208-391-2391
- $1,776,500
- 4,207
- SqFt
- List Price
- $1,776,500
- Price Change
- ▼ $93,500 1784962910
- Days on Market
- 37
- Status
- ACTIVE
- MLS#
- 98990772
- County
- Ada
- Sq. Ft
- 4207
- Year Built
- 2009
- Acres
- 0.56
- Age
- 11 - 20 Years
Property Description
Net leased childcare investment opportunity located in Meridian, Idaho. The property consists of a 4,207 SF purpose-built daycare facility situated on approximately 0.56 acres. The facility is fully occupied by Premier Early Childhood Education Partners under a long-term triple-net lease. Lease commenced August 22, 2025 and includes annual 2% rent escalations and three 5-year renewal options. Tenant responsibilities include taxes, insurance, utilities, HOA dues, landscaping, HVAC maintenance and general repairs, providing investors with stable passive income and limited landlord responsibilities. Located near Eagle Road and East Chinden Boulevard, the property is surrounded by established neighborhoods, schools, parks, and major retail amenities. The area continues to experience strong residential growth and population expansion, supporting long-term demand for childcare and early education services.
Additional Information
- Sq. Ft
- 4207
- Garagetype
- 11 - 20 Spaces, Parking Facility
- Roof
- Composition
- Construction
- Brick, Frame, Stucco
- Fenced
- Partial, Fenced
- Lot Features
- 1/2 - .99 Acre, Lawn Sprinklers
- Air Conditioning
- Central Air
- Heating
- Forced Air, Natural Gas
- Water
- City Service
- Electric
- 220 Volts
- Taxes
- $4,097
- Parcel Number
- R7355910030
- Gross Operating Income
- 110184
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