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3004 NW 18th St
Ankeny, IA 50023
New Creations Child Care - Ankeny, IA · Retail Property For Sale
Investment Highlights
- New Creations Child Care is a regional provider with 20 locations across Minnesota and Iowa.
- The center is strategically located on the corner of NW Irvinedale Drive and NW 18th Street, providing excellent visibility and accessibility.
- 2023 remodel with 11+ years remaining on the initial term and 2.5% annual rent escalations.
- Located north of Des Moines, Ankeny sits along I-35, providing direct north-south connectivity through Iowa.
- 20-mile drive from Des Moines International Airport (DSM), which is undergoing a $445M expansion.
- Average household income of $129,163 and a population of 90,652 residents within a 5-mile radius.
Executive Summary
We are pleased to exclusively offer for sale the 12,182 SF New Creations Child Care located at 3004 NW 18th Street in Ankeny, IA. This offering features a 2023 remodeled facility with 11+ years remaining on the initial lease term and attractive 2.5% annual rent escalations. Strategically positioned at the corner of NW Irvinedale Drive and NW 18th Street, the property benefits from strong visibility and convenient access, presenting a compelling and stable investment opportunity.
In 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
In 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
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Building Size
12,182 SF
Building Class
C
Year Built/Renovated
2014/2023
Price
$4,686,029
Price Per SF
$384.67
Cap Rate
7%
NOI
$328,022
Tenancy
Single
Building Height
1 Story
Building FAR
0.17
Lot Size
1.66 AC
Zoning
PUD - Planned Unit Development - Commercial Use /- Most Retail, Service, Office Uses Allowed
Parking
65 Spaces (5.34 Spaces per 1,000 SF Leased)
Frontage
Property Taxes
| Parcel Number | 181-00680899001 | Improvements Assessment | $3,327,000 |
| Land Assessment | $229,000 | Total Assessment | $3,556,000 |
Property Taxes
Parcel Number
181-00680899001
Land Assessment
$229,000
Improvements Assessment
$3,327,000
Total Assessment
$3,556,000
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