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.
Property Features for 5859 Ashworth Rd
General Information
Property type
Schools
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.
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.
Request Owner's contact information
5859 Ashworth Rd West Des Moines, IA 50266
Message sent successfully
Error
If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
5859 Ashworth Rd West Des Moines, IA 50266
Message sent successfully
Error
Email to Your Friends
Message sent successfully
Error
Realmo Value Estimation
Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods.
Disclaimer
These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.
AI approach
Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.
Cap approach
Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.
Comparable approach
Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.
Relative
Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.
Geo
Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels
across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.
Alternative use
Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.
More about this property
5859 Ashworth Rd West Des Moines, IA 50266
More about this listing
5859 Ashworth Rd, West Des Moines, IA
Tim Franz
Contact Person
Your message was sent
Please view email to read information.
Check the junk/spam folder if no email is in the inbox.
Error
Your message wasn't sent. Try again
Request price
5859 Ashworth Rd, West Des Moines, IA
Tim Franz
Contact Person
Your message was sent
Please view email to read information.
Check the junk/spam folder if no email is in the inbox.
Error
Your message wasn't sent. Try again
Property Records & Analytics
5859 Ashworth Rd, West Des Moines, IA
Your message was sent
Please view email to read information.
Check the junk/spam folder if no email is in the inbox.
Error
Your message wasn't sent. Try again
Request Owner's contact information
5859 Ashworth Rd, West Des Moines, IA
Your message was sent
Please view email to read information.
Check the junk/spam folder if no email is in the inbox.
Error
Your message wasn't sent. Try again
Current Estimation by Request
5859 Ashworth Rd, West Des Moines, IA
Your message was sent
Please view email to read information.
Check the junk/spam folder if no email is in the inbox.
Error
Your message wasn't sent. Try again
Send Message
to 5859 Ashworth Rd West Des Moines, IA 50266
5859 Ashworth Rd, West Des Moines, IA
Tim Franz
Contact Person
Your message was sent
Please view email to read information.
Check the junk/spam folder if no email is in the inbox.
Error
Your message wasn't sent. Try again
Google sign-in failed. Please try again or use another login method.