15591 Hickman RdClive, IA 50325

This exceptional investment opportunity presents a brand-new, Class A, 14,375 square foot executive office building serving as the headquarters for Iowa Trust & Savings Bank. Located in Clive, Iowa, at 15591 Hickman Rd, 50325, this single-tenant property boasts a 20-year absolute NNN lease commencing January 1, 2024, and expiring January 1, 2044, ensuring long-term, stable income. The building, constructed in 2023, sits on a 2.3-acre lot and features 58 parking spaces across two stories. The property enjoys 100% occupancy since November 1, 2023, offering an attractive 6.75% cap rate on an asking price of $11,750,000. Situated in the thriving community of Clive, this property benefits from outstanding municipal services and a high quality of life, attracting a skilled workforce and fostering economic growth. The tenant's strong financial history, including consistently exceeding peer group average income and boasting top-quartile performance metrics in key areas like ROAA, interest income, and investment portfolio income, further solidifies this investment's appeal. This is a rare opportunity to acquire a secure, high-performing asset with significant long-term potential. The property's strategic location and the strength of the tenant combine to create a compelling investment proposition.