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.