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    FOR SALE
    Day care centers

    5859 Ashworth Rd, West Des Moines, IA 50266

    7,482 SF 0.74 ac lot Built 1989
    Entity Owned 12-yr Hold ~ Est. High Equity
    Property ID
    US25-0024750
    5859 Ashworth Rd, West Des Moines, IA 50266 For Sale
    Contact for pricing 7,482 SF
    5859 Ashworth Rd, West Des Moines, IA 50266
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    Property summary
    AI-generated overview

    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 profile
    Verified
    Property type Day care centers
    Use group DAY CARE, PRE-SCHOOL
    Year built 1989
    Construction FRAME
    Total area 7,482 SF
    Lot 0.74 ac (32,374 SF)
    Zoning code NC
    APN 320/00522-574-000
    UPID US25-0024750
    Cap rate & NOI
    Priority signal for investors
    Implied cap rate, NOI & suggested price
    Cap rate vs submarket · NOI estimate · 3 price anchors
    Implied cap rate, NOI & suggested price
    Cap vs submarket · NOI estimate · 3 price anchors
    Current use
    Occupant on record · Public records
    • Cadence Academy Preschool Daycare Center
    Value estimations
    Realmo proprietary · 4 methods
    AI Approach AI
    by Request
    CAP Approach CAP
    by Request
    Comparable Approach Comparable
    by Request
    Blend (final) Blend
    by Request
    Owner & transaction history
    Fazio Apple Tree Props LLC · 12 yrs held
    Fazio Apple Tree Props LLC
    since 2014
    2 recorded transactions
    2014
    $2.2M
    2004
    $770,000
    Zoning & alternative use
    NC · West Des Moines, IA
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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    More about this property
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