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1155 SE Kettlestone Blvd 11,990 SF Retail Building Waukee, IA 50263 $8,001,566 CAD ($667.35 CAD/SF) 6% Cap Rate
INVESTMENT HIGHLIGHTS
- Rapid Growth Demographic in the Trade Area
- Investment-Grade Tenancy
EXECUTIVE SUMMARY
CBRE is pleased to exclusively offer for sale a single-tenant early education property operating as KinderCare in Waukee, Iowa. This property features a brand new corporate NNN lease expiring September 1, 2036, with minimal landlord responsibilities (specifically roof, structure, and foundations). The lease includes 2% annual rental increases and a full corporate guaranty from KinderCare Learning Centers, LLC.
PROPERTY FACTS
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Building Size
11,990 SF
Building Class
B
Year Built
2021
Price
$8,001,566 CAD
Price Per SF
$667.35 CAD
Cap Rate
6%
NOI
$480,094 CAD
Tenancy
Single
Building Height
1 Story
Building FAR
0.18
Lot Size
1.50 AC
Zoning
A
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1155 SE Kettlestone Blvd
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