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3424 Ep True Pky
West Des Moines, IA 50265
New Creations Child Care- W. Des Moines, IA · 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.
- Average household income of $115,744 and a population of 143,529 residents within a 5-mile radius.
- Des Moines is the state capital and largest city in Iowa and serves as a central hub for government, business, and culture in the region.
- 12+ years remaining on initial term with 2% average annual rent escalations.
- 9 elementary feeder schools within a 5-mile radius from the center.
Executive Summary
We are pleased to exclusively offer for sale the 15,064 SF New Creations Child Care located at 3424 EP True Parkway in West Des Moines, IA. The deal includes a long-term, Triple Net (NNN) investment opportunity leased to New Creations Child Care and Learning Center, a regional provider operating 20 locations across Minnesota and Iowa. With 12+ years remaining on the initial term and 2% average annual rent escalations, the asset provides stable and growing cash flow.
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
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
Day Care Center
Building Size
15,064 SF
Building Class
B
Year Built
1993
Price
$7,736,626 CAD
Price Per SF
$513.58 CAD
Cap Rate
7%
NOI
$541,564 CAD
Tenancy
Single
Building Height
2 Stories
Building FAR
0.21
Lot Size
1.66 AC
Zoning
OF
Property Taxes
| Parcel Number | 320-02826191001 | Improvements Assessment | $2,439,144 CAD |
| Land Assessment | $1,309,176 CAD | Total Assessment | $3,748,320 CAD |
Property Taxes
Parcel Number
320-02826191001
Land Assessment
$1,309,176 CAD
Improvements Assessment
$2,439,144 CAD
Total Assessment
$3,748,320 CAD
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