225 1St St Ankeny, IA 50021
7,656 SF Daycare, 100% Occupied
Property size:
7,656 SFProperty Features for 225 1St St
General Information
- Property type
- Schools
- Square Feet
- 7,656 SF
Building Details
- Year Built
- 1989
- Buildings
- 1
- Stories
- 1
Listing Agency: SVN | Chicago Commercial Listing Agent: Tim Franz
Displayed information is deemed reliable but is not guaranteed and should be independently verified.
Overview
This exceptional investment opportunity presents a single-story, 7,656 square foot daycare facility in Ankeny, Iowa, built in 1989. Currently operating at 100% occupancy, the property is leased to Cadence Academy Preschool, a nationally recognized operator with a presence in 30 states. The facility has a long operational history at this location, having served as an early childhood education center for over 11 years, with Cadence Education taking over in 2016. The property boasts a favorable Net Net (NN) lease structure, with minimal landlord responsibilities limited to roof, structure, and parking. Annual rent increases of two percent are built into the lease. Located at 225 E 1st St, Ankeny, IA 50021, the property benefits from a high-traffic location near the intersection of Ankeny Blvd and E 1st Street, boasting significant daily vehicle traffic. Its proximity to the John Deere factory further enhances its appeal. The property is zoned C1 and features one building. The asking price is $1,095,000, translating to $143.03 per square foot. This presents a strong, recession-resistant investment in a necessity-based tenant within a robust daytime workforce market, offering potentially higher returns than comparable coastal properties. The APN is 802424103004.
Property Profile
Insight Report
Location Intelligence
Current Use by Public Records
Cadence Academy Preschool
Daycare Center
Location Insight
- Map
- Local Demand
- City
- Ankeny
- County
- Polk
- State
- Iowa
- Longitude
- -93.596854890239
- Latitude
- 41.731630038078
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FAQs
What type of property is this?
School - 7,656 SF Daycare, 100% Occupied
Where is this school located?
The property is located at 225 1St St Ankeny, IA.
What is the asking price?
The asking price for this property is $1,095,000.
What are key features of this property?
This property features: Nationally recognized Cadence Academy Preschool tenant operating in 30 states.; Daycare facility in a strong daytime workforce market with a necessity-based tenant.; Net Lease (NN) with minimal landlord responsibilities (roof, structure, parking).