Log In/Sign Up
Your email has been sent.
New Creations Child Care- W. Des Moines, IA 3424 Ep True Pky 15,064 SF Retail Building West Des Moines, IA 50265 $5,655,428 ($375.43/SF) 7% Cap Rate
Investment Highlights
- New Creations Child Care and Learning Center is a regional provider with 20 locations between Minnesota and Iowa.
- 15 minute drive from Des Moines International Airport (DSM) which is undergoing a $445M expansion.
- Average household income of $115,744 and a population of 143,529 residents within a 5-mile radius.
- 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.
- 12+ years remaining on initial term with 2% average annual rent escalations.
- 9 elementary feeder schools within a 5-mile radius from the center.
Executive Summary
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
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
Day Care Center
Building Size
15,064 SF
Building Class
B
Year Built
1993
Price
$5,655,428
Price Per SF
$375.43
Cap Rate
7%
NOI
$395,880
Tenancy
Single
Building Height
2 Stories
Building FAR
0.21
Lot Size
1.66 AC
Zoning
OF
Major Tenants
- Tenant
- Industry
- SF Occupied
- Rent/SF
- Lease Type
- Lease End
- New Creations Child Care
- Educational Services
- 15,064 SF
- $26.28
- Triple Net
- Jun 2038
| Tenant | Industry | SF Occupied | Rent/SF | Lease Type | Lease End | |
| New Creations Child Care | Educational Services | 15,064 SF | $26.28 | Triple Net | Jun 2038 |
Fairly walkable
50/100
Exceptionally drivable
100/100
Limited public transit
30/100
Moderately bikeable
60/100
Nearby Major Retailers
Property Taxes
| Parcel Number | 320-02826191001 | Improvements Assessment | $1,783,000 |
| Land Assessment | $957,000 | Total Assessment | $2,740,000 |
Property Taxes
Parcel Number
320-02826191001
Land Assessment
$957,000
Improvements Assessment
$1,783,000
Total Assessment
$2,740,000
1 of 6
Videos
Matterport 3D Exterior
Matterport 3D Tour
Photos
Street View
Street
Map
Presented by
New Creations Child Care- W. Des Moines, IA | 3424 Ep True Pky
Already a member? Log In
Hmm, there seems to have been an error sending your message. Please try again.
Thanks! Your message was sent.