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1155 SE Kettlestone Blvd 11,990 SF Retail Building Waukee, IA 50263 $5,732,109 ($478.07/SF) 6% Cap Rate
Investment Highlights
- Rapid Growth Demographic in the Trade Area
- Investment-Grade Tenancy
Executive Summary
CBRE is pleased to exclusively offer for sale a single-tenant early education property operating as KinderCare in Waukee, Iowa. This property features a brand new corporate NNN lease expiring September 1, 2036, with minimal landlord responsibilities (specifically roof, structure, and foundations). The lease includes 2% annual rental increases and a full corporate guaranty from KinderCare Learning Centers, LLC.
Property Facts
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Building Size
11,990 SF
Building Class
B
Year Built
2021
Price
$5,732,109
Price Per SF
$478.07
Cap Rate
6%
NOI
$343,927
Tenancy
Single
Building Height
1 Story
Building FAR
0.18
Lot Size
1.50 AC
Zoning
A
Nearby Major Retailers
1 of 5
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1155 SE Kettlestone Blvd
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