3054 86th St - Day Care Center FOR SALE


Urbandale, IA 50322- Outer West Des Moines/Urbandale
$1,195,000 USD
312-676-1874
3054 86th St, Urbandale, IA for Sale
$1,195,000 USD
Day Care Center - FOR SALE
1/2
null | Request Cap Rate


HIGHLIGHTS

  • Cadence Academy Operates in 30 States Coast to Coast
  • Necessity Tenant in a Strong Daytime Workforce Market
  • NN Lease with Minimal Landlord Responsibilities
  • Tenant Covers Taxes / CAM / Insurance Directly
  • Strong Midwest Net Lease Asset Offering Higher Returns than Coastal Properties

OVERVIEW

SVN is pleased to offer this ideal investment opportunity leased to Cadence Academy Preschool in West Des Moines, IA. Cadence Academy is one of the premier preschool operators across the country with schools in 30 states from coast-to-coast. This location has operated as an early childhood educational center for 11 years and has been operated by Cadence Education since 2016, when it acquired the location from Apple Tree and has continued to operate at full capacity, showing the need for early education in the local area. The lease offers two percent increases annually and minimal Landlord responsibilities (Roof / Structure / Parking). This is an incredible opportunity to own an asset in a class that will be active regardless of market conditions with a long-term operating history at the site.

FOR SALE DETAILS

PRICE

$1,195,000 USD

PRICE/SF

$90 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Cadence Academy

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Day Care Center

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1985

SPRINKLERS

-

PARKING SPACES

16

LAND DETAILS

LAND ACRES

0.99 AC

LAND SF

43,124 SF

ZONING

R-11

APN/PARCEL ID

312-03292001001

ASK ABOUT THIS PROPERTY

Timothy FranzSVN | Chicago CommercialMore Info
312-676-1874

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.

Timothy FranzSVN | Chicago CommercialMore Info
312-676-1874

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.