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929 E 1st St
Ankeny, IA 50021
La Petite Academy · Retail Property For Sale
Investment Highlights
- Absolute Triple-Net (NNN) Lease with Annual CPI Rental Increases Capped at 3% Annually
- Long Term Occupancy, Showing Commitment to Site - Tenant has Operated at the Site for 31 Years
- Average Household Income Exceeds $111,000 within Five Miles of the Site
- Corporate Guaranty by Learning Care Group, One of the Largest Providers of Early Childhood Care in the U.S. with Over 1,050 Schools Across 11 Brands
- Rapidly Growing Des Moines Trade Area with Population and Households Projected to Increase 8 – 16% within 5 miles by 2027
- High Visibility Location Near Signalized Hard Corner of East 1st Street & Delaware Avenue with More Than 42,000 Cars per Day
Property Facts
Property Type
Retail
Property Subtype
Day Care Center
Building Size
6,144 SF
Building Class
B
Year Built
1991
Tenancy
Single
Building Height
1 Story
Building FAR
0.14
Lot Size
1.02 AC
Zoning
C-2
Parking
10 Spaces (1.63 Spaces per 1,000 SF Leased)
Frontage
188’ on 1st St
Amenities
- Pylon Sign
- Signage
Property Taxes
| Parcel Number | 181-00682001003 | Improvements Assessment | $239,000 |
| Land Assessment | $655,000 | Total Assessment | $894,000 |
Property Taxes
Parcel Number
181-00682001003
Land Assessment
$655,000
Improvements Assessment
$239,000
Total Assessment
$894,000
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