15591 Hickman RdClive, IA 50325

Property Details for 15591 Hickman Rd

Year built

2023

Lot size

2.30 AC

Property size (Sq ft)

14,375 SF

Property type

Retail properties

Property subtype

Other retail properties

Description

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.

Location Insight

City

Clive

County

Dallas

State

Iowa

Latitude

41.6152

Longitude

-93.8337

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