NNN-Leased Medical
2625 N ANKENY BLVD, Ankeny, IA 50023
For Sale
Contact for pricing
A corporate-guaranteed NNN tenancy runs through 2038, with two five-year extension options.
Property Size7,160 SF
Price / SF$384.08
Days on Market15
Property Features for 2625 N ANKENY BLVD
General Information
Standard status
Size
Property subtype
Additional Details
Tenant in Place
Property Use
Medical Specialty
Building Details
Year Built
Tenancy
Listing Agency:
Perry Guest Companies
Listed By:
Jason Lesley, SIOR, CCIM · License NV #64973
(702) 499-4661
Source:
Crexi
Added: Oct 26
Changed: Nov 8
Last Checked: Nov 8 at 4:40PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Perry Guest Companies
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Investment Insights
Based on property information with market context.
Built for DaVita in 2013, this 7,160-square-foot medical clinic is located at 2625 N Ankeny Blvd in Ankeny, Iowa. The property is leased to DaVita under a corporate-guaranteed NNN agreement.
The current lease term extends through August 18, 2038, following a renewal. It includes two five-year extension options and annual rent increases of 2%, with the next increase scheduled for August 2029.
The current lease term extends through August 18, 2038, following a renewal. It includes two five-year extension options and annual rent increases of 2%, with the next increase scheduled for August 2029.
Key Highlights
- 7,160‑square‑foot medical clinic built in 2013
- DaVita corporate‑guaranteed NNN lease runs through August 18, 2038
- Two five‑year lease extension options
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$94,340
Cap Rate
3.43%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,886,800
$1.9M
Cap Rate 7%
$1,347,714
$1.3M
Cap Rate 9%
$1,048,222
$1.0M
Market Conditions
NOI Build-Up for 7,160 SF
Gross rent
$157.2K $21.96/SF
− Vacancy
−$31.4K −$4.39/SF
EGI
$125.8K $17.57/SF
− OpEx
−$31.4K −$4.39/SF
NOI
$94.3K $13.18/SF
Area
Polk County, IA
Vacancy
20.00%
Lease Rate
$21.96 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,886,800
Cap Rate 7%
$1,347,714
Cap Rate 9%
$1,048,222
Alternative Uses
Best Use
Office B
$1.35M
$1.18M – $1.57M
NOI $94,340 @ 7.0% cap · market cap 3.43%
Second Best
Healthcare Medical
$1.13M
$992.9K – $1.32M
NOI $79,434 @ 7.0% cap · market cap 2.89%
Theoretical Best
Office A
$1.76M
$1.54M – $2.06M
NOI $123,436 @ 7.0% cap · market cap 4.49%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Lease Details
Single-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
483
Businesses Nearby
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Business Placement
Demographics for 50023, IA
43,603
Population
17,822
Households
2.4
Avg Household Size
34
Median Age
55%
College-Educated
99%
High-School Grad
21.0 sq mi
ZIP Area
2,076
Density / Sq Mi
$113,914
Median Household Income
$59,891
Median Earnings
$1,191
Median Rent
$327,200
Median Home Value
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Market
Vacancy Rate% for Office in Midwest region
Frequently Asked Questions
What type of property is this?
Medical center - A corporate-guaranteed NNN tenancy runs through 2038, with two five-year extension options.
Where is this medical center located?
The property is located at 2625 N ANKENY BLVD Ankeny, IA.
What is the asking price?
The asking price for this property is $2,750,000.
What are key features of this property?
This property features: 7,160‑square‑foot medical clinic built in 2013; DaVita corporate‑guaranteed NNN lease runs through August 18, 2038; Two five‑year lease extension options
