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New Creations Child Care - Ankeny, IA 3004 NW 18th St 12,182 SF Retail Building Ankeny, IA 50023 $6,461,753 CAD ($530.43 CAD/SF) 7% Cap Rate
Investment Highlights
- New Creations Child Care is a regional provider with 20 locations across Minnesota and Iowa.
- The center is strategically located on the corner of NW Irvinedale Drive and NW 18th Street, providing excellent visibility and accessibility.
- 2023 remodel with 11+ years remaining on the initial term and 2.5% annual rent escalations.
- Located north of Des Moines, Ankeny sits along I-35, providing direct north-south connectivity through Iowa.
- 20-mile drive from Des Moines International Airport (DSM), which is undergoing a $445M expansion.
- Average household income of $129,163 and a population of 90,652 residents within a 5-mile radius.
Executive Summary
We are pleased to exclusively offer for sale the 12,182 SF New Creations Child Care located at 3004 NW 18th Street in Ankeny, IA. This offering features a 2023 remodeled facility with 11+ years remaining on the initial lease term and attractive 2.5% annual rent escalations. Strategically positioned at the corner of NW Irvinedale Drive and NW 18th Street, the property benefits from strong visibility and convenient access, presenting a compelling and stable investment opportunity.
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
Property Type
Retail
Property Subtype
Building Size
12,182 SF
Building Class
C
Year Built/Renovated
2014/2023
Price
$6,461,753 CAD
Price Per SF
$530.43 CAD
Cap Rate
7%
NOI
$452,323 CAD
Tenancy
Single
Building Height
1 Story
Building FAR
0.17
Lot Size
1.66 AC
Zoning
PUD - Planned Unit Development - Commercial Use /- Most Retail, Service, Office Uses Allowed
Parking
65 Spaces (5.34 Spaces per 1,000 SF Leased)
Frontage
Major Tenants
- Tenant
- Industry
- SF Occupied
- Rent/SF
- Lease Type
- Lease End
- New Creations Child Care
- Educational Services
- 12,182 SF
- $37.13 CAD
- Triple Net
- Jul 2038
| Tenant | Industry | SF Occupied | Rent/SF | Lease Type | Lease End | |
| New Creations Child Care | Educational Services | 12,182 SF | $37.13 CAD | Triple Net | Jul 2038 |
Somewhat walkable
20/100
Exceptionally drivable
90/100
Moderately bikeable
60/100
Property Taxes
| Parcel Number | 181-00680899001 | Improvements Assessment | $4,587,733 CAD |
| Land Assessment | $315,777 CAD | Total Assessment | $4,903,511 CAD |
Property Taxes
Parcel Number
181-00680899001
Land Assessment
$315,777 CAD
Improvements Assessment
$4,587,733 CAD
Total Assessment
$4,903,511 CAD
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New Creations Child Care - Ankeny, IA | 3004 NW 18th St
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