3424 Ep True Pky - Day Care Center FOR SALE


West Des Moines, IA 50265- Outer West Des Moines/Urbandale
$5,655,428 USD
512-543-7437
3424 Ep True Pky, West Des Moines, IA for Sale
$5,655,428 USD
Day Care Center - FOR SALE
1/5
null | 7% Cap Rate

3424 Ep True Pky
West Des Moines, IA 50265
Outer West Des Moines/Urbandale


HIGHLIGHTS

  • New Creations Child Care and Learning Center is a regional provider with 20 locations between Minnesota and Iowa.
  • Des Moines is the state capital and largest city in Iowa and serves as a central hub for government, business, and culture in the region.
  • 15 minute drive from Des Moines International Airport (DSM) which is undergoing a $445M expansion.
  • 12+ years remaining on initial term with 2% average annual rent escalations.
  • Average household income of $115,744 and a population of 143,529 residents within a 5-mile radius.
  • 9 elementary feeder schools within a 5-mile radius from the center.

OVERVIEW

We are pleased to exclusively offer for sale the 15,064 SF New Creations Child Care located at 3424 EP True Parkway in West Des Moines, IA. The deal includes a long-term, Triple Net (NNN) investment opportunity leased to New Creations Child Care and Learning Center, a regional provider operating 20 locations across Minnesota and Iowa. With 12+ years remaining on the initial term and 2% average annual rent escalations, the asset provides stable and growing cash flow. Association with Scott Reid & ParaSell, Inc. | Costa Mesa, California | A Licensed Iowa Broker #F06134000 | Licensed in AL, AR, AZ, CA, CO, CT, DC, FL, GA, ID, IL, IA, IN, KS, KY, LA, ME, MD, MA, MI, MN, MS, MO, MT, NE, NV, NH, NJ, NM, NY, NC, ND, OH, OK, OR, PA, RI, SC, SD, TN, TX, UT, VT, VA, WA, WV, WI, WY

FOR SALE DETAILS

PRICE

$5,655,428 USD

PRICE/SF

$375 USD /SF

CAP RATE

7%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

New Creations Child Care- W. Des Moines, IA

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Day Care Center

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1993

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

1.66 AC

LAND SF

72,310 SF

ZONING

OF

APN/PARCEL ID

320-02826191001

ASK ABOUT THIS PROPERTY

Seth KrepistmanSands Investment Group Austin, LLCMore Info
512-543-7437

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Seth KrepistmanSands Investment Group Austin, LLCMore Info
512-543-7437

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