15200 Meredith Dr - Day Care Center FOR SALE


Urbandale, IA 50323
$6,888,890 USD
612-332-6600
15200 Meredith Dr, Urbandale, IA for Sale
$6,888,890 USD
Day Care Center - FOR SALE
1/1
null | 6.75% Cap Rate

15200 Meredith Dr
Urbandale, IA 50323


HIGHLIGHTS

  • Everbrook Academy signed a 20 year, NN lease with 7.5% increases every 5 years.
  • The tenant on the lease is Everbrook Academy with guaranty provided by Learning Care Group which operates approximately 1,150 locations.
  • Excellent demographics with a 3-mile average household income of $174,123 and population of 122,984 within a 5-mile radius.
  • Everbrook Academy is located along Meredith Drive with traffic counts of 4,830 VPD and near I-35 where traffic counts average 107,000+ VPD.
  • Nearby tenants include Hy-Vee Fast & Fresh, Starbucks, Jimmy John’s, Smokey Row Coffee, Kiddie Academy, New Horizons, and more.
  • Urbandale is ranked the #9 Best Suburb to Live in Iowa and #10 Best Place to Raise a Family in Iowa, according to Niche.

OVERVIEW

Net, Net Lease.  The site is self maintained by the Tenant. Tenant responsible for maintenance or repairs to the Roof Membrane and HVAC.  Landlord responsible for repairs and replacement of the structural components of roof (but not membrane), the structure of the Building, and exterior walls. Roof has 20 year warranty. Everbrook Academy offers a stable, long-term investment opportunity in Urbandale, Iowa, one of the state’s top-ranked suburbs for families. The property is leased to Everbrook Academy under a 20-year NN lease with 7.5% rent increases every five years, backed by Learning Care Group, a national operator with over 1,150 locations. Positioned along Meredith Drive near I-35, the site benefits from strong traffic counts and proximity to major retailers and schools. With excellent demographics and a 2025 construction, this asset combines new construction, institutional tenancy, and predictable cash flow in a high-growth market.

FOR SALE DETAILS

PRICE

$6,888,890 USD

PRICE/SF

$593 USD /SF

CAP RATE

6.75%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Everbrook Academy

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Day Care Center

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2025

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

2.16 AC

LAND SF

94,090 SF

ZONING

-

APN/PARCEL ID

12-24-100-015

ASK ABOUT THIS PROPERTY

Keith SturmUpland Real Estate Group, Inc.More Info
612-332-6600

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Keith SturmUpland Real Estate Group, Inc.More Info
612-332-6600

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