5859 Ashworth Rd West Des Moines, IA 50266
Property summary
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
VerifiedCap rate & NOI
Current use
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Daycare Center
Value estimations
Owner & transaction history
Zoning & alternative use
Neighborhood commercial areas shall be designated to provide for small commercial centers and uses which provide a limited range of products and services to the residents of the surrounding neighborhood. Typical uses wou…
Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
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Value estimation
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Cap rate
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Price sensitivity
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Property tax & assessments
Tax year 2020Property description
Physical attributes from public recordsZoning & alternative use
NC · West Des Moines, IANeighborhood commercial areas shall be designated to provide for small commercial centers and uses which provide a limited range of products and services to the residents of the surrounding neighborhood. Typical uses wou…
Zoning
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Zoning designation
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