5859 Ashworth Rd, West Des Moines, IA 50266
For Sale
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.
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Cadence Academy Preschool Daycare Center
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2020Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
NC · West Des Moines, IAWest Des Moines. Always verify with local authorities before improvements.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.