5859 Ashworth RdWest Des Moines, IA 50266

For Sale

7,485 SF Daycare, Strong Returns

Overview

Added:
Dec 11, 2024
Days on market:
90
This exceptional investment opportunity presents a 7,485-square-foot, single-tenant daycare center in West Des Moines, Iowa. Located at 5859 Ashworth Rd, in Polk County, this Class B retail property boasts a prime location within a thriving community. The building, constructed in 1989, sits on a 0.74-acre lot and is currently operating at 100% occupancy. The property features a Net Net Net (NNN) lease structure with a single tenant, providing a straightforward and predictable income stream. The current lease expires on December 31, 2028, offering a remaining lease term of approximately 4.1 years. A significant advantage is the inclusion of one five-year renewal option, extending the potential investment horizon. The lease includes a 2% annual base rent increase, ensuring consistent growth in rental income. The property is zoned NC and comprises a single, one-story building. This turnkey investment offers immediate returns and strong potential for long-term appreciation, making it an attractive opportunity for discerning investors seeking a stable and profitable addition to their portfolio. The property's established tenant and favorable lease terms provide a secure and reliable income stream, minimizing risk and maximizing return on investment. This is a rare opportunity to acquire a well-established daycare center in a high-demand area.

Highlights

  • 7,485 SF single-tenant daycare center in West Des Moines, IA.
  • Located at 5859 Ashworth Rd, Polk County, in a thriving community.
  • Class B retail building on a 0.74-acre lot, built in 1989, currently 100% occupied.
  • NNN lease with a single tenant, providing a stable income stream.
  • Remaining lease term of approximately 4.1 years with one 5-year renewal option.
  • 2% annual base rent increase.

Property Details for 5859 Ashworth Rd

Property type
Day care centers & nurseries, Other retail properties
Square Feet
7,485 SF
Class
B
Year Built
1989
Buildings
1
Stories
1
Lot Size (sq. ft)
32,234 SF

Location Insight

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

FAQs

How do I add a non-forward facing team member such as a broker coordinator or broker aide to a listing in order to ensure they get notifications on the property?
Please email our support team at [email protected] and they will add the team member.
How do I access a private listing?
Please contact the broker directly with the information provided on the listing. Once the broker approves your credentials he will make the information public to you.
How can I contact the broker?
We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.
How do I unsubscribe from emails?
At the footer of each email you will find links to Reduce Email Frequency, Adjust Email Settings or Unsubscribe altogether. If you choose to Unsubscribe and are still receiving emails please reach out to us at [email protected].
5859 Ashworth Rd
Thanks! Your message was sent.
Error! Your message wasn't sent.
Please enter your first name
Please enter your last name
Please enter email
Please enter the email in the correct format
Please enter phone
Please enter the number in the correct format
Select size
Please enter message