For Sale
$1,103,000

5859 Ashworth Rd West Des Moines, IA 50266

Net Lease Preschool; Strong Returns

Overview

Added:
Dec 11, 2024
Days on market:
130
This exceptional investment opportunity presents a fully leased, 5859 Ashworth Rd, West Des Moines, IA preschool. Cadence Academy, a nationwide operator with a presence in 30 states, occupies this property under a triple-net lease, minimizing landlord responsibilities to roof, structure, and parking. The tenant covers all taxes, CAM, and insurance. The lease features annual 2% rent increases, ensuring consistent income growth. Located at the northeast corner of Ashworth Road & 60th Street (10,100 and 13,800 vehicles per day respectively), this site benefits from high visibility and proximity to Jordan Creek Town Center, the largest shopping complex in Iowa. This prime location, just 1.5 miles from the Town Center, serves a thriving daytime workforce market and is further enhanced by the presence of top-rated schools in West Des Moines, including Western Hills Elementary and Valley High School. The property has operated as an early childhood educational center for 11 years, with Cadence Education operating it since 2016, consistently operating at full capacity. This demonstrates a strong demand for early childhood education in the area. The asking price is $1,103,000, offering a high-yield net lease investment opportunity in the Midwest, exceeding returns typically found in coastal properties. The property's strong tenant, location, and lease terms make it an attractive investment with significant long-term potential. The robust Greater Des Moines economy, with its diverse range of major employers, further strengthens this investment's appeal.

Highlights

  • $1,103,000 asking price for a special purpose property (preschool).
  • Cadence Academy, a nationwide operator with locations in 30 states, occupies the property.
  • Excellent location in West Des Moines, IA, within a strong daytime employment market near major shopping centers and top-rated schools.
  • Triple-net lease (NNN) with minimal landlord responsibilities; tenant covers all taxes, CAM, and insurance.
  • High-yield net lease investment offering superior returns compared to coastal markets.

Property Details for 5859 Ashworth Rd

Property type
Specialty properties, Schools

Location Insight

City
West Des Moines
County
Polk
State
Iowa
Latitude
41.5850472
Longitude
-93.7881933
5859 Ashworth Rd, West Des Moines, Iowa

FAQs

What type of property is this?
Specialty property - Net Lease Preschool; Strong Returns
Where is the specialty property located?
The property is located at 5859 Ashworth Rd West Des Moines, IA.
What is the asking price?
The asking price for this property is $1,103,000.
What are key features of this property?
This property features: $1,103,000 asking price for a special purpose property (preschool).; Cadence Academy, a nationwide operator with locations in 30 states, occupies the property.; Excellent location in West Des Moines, IA, within a strong daytime employment market near major shopping centers and top-rated schools.
How can I contact the broker?
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5859 Ashworth Rd
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