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831 NE Venture Dr
Waukee, IA 50263
Retail Property For Sale
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.
- 10 elementary feeder schools within a 5-mile radius.
- Waukee is one of the fastest-growing suburbs in the Des Moines metro area, with its population jumping more than 30% since 2020.
- 12+ years remaining on lease with 2% annual rent escalations.
- Average household income of $142,298 and a population of 88,708 residents within a 5-mile radius.
Executive Summary
We are pleased to offer for sale the 12,836 SF New Creations Child Care at 801 NE Venture Drive in Waukee, Iowa. Leased to New Creations Child Care and Learning Center with over 12 years remaining and 2% annual rent escalations, the property provides stable, long-term income. Located just 15 minutes from Des Moines International Airport (DSM). This turnkey, recession-resistant asset offers investors a stable, passive investment with strong lease security, supporting both immediate cash flow and long-term portfolio growth.
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 or Owner User
Sale Condition
High Vacancy Property
Property Type
Retail
Property Subtype
Day Care Center
Building Size
12,836 SF
Building Class
B
Year Built
2023
Price
$5,486,400
Price Per SF
$427.42
Cap Rate
7%
NOI
$384,048
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.25
Lot Size
1.18 AC
Parking
30 Spaces (2.34 Spaces per 1,000 SF Leased)
Frontage
195’ on Northeast Venture Drive
Amenities
- Signage
Property Taxes
| Parcel Number | 12-27-478-002 | Improvements Assessment | $2,094,770 |
| Land Assessment | $612,720 | Total Assessment | $2,707,490 |
Property Taxes
Parcel Number
12-27-478-002
Land Assessment
$612,720
Improvements Assessment
$2,094,770
Total Assessment
$2,707,490
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