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Ankeny, IA 50021
La Petite Academy
Property Address
929 East 1st Street, Ankeny, IA 50021, USA
Offering Summary
Price:
$1,000,000
Lot Size:
1.02 Acres
Cap Rate:
7.25%
Year Built:
1991
Building SF:
6,144
Status:
In Escrow
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Principal
Broker
Absolute Triple-Net (NNN) Lease with Annual CPI Rental Increases Capped at 3% Annually
Corporate Guaranty by Learning Care Group, One of the Largest Providers of Early Childhood Care in the U.S. with Over 1,050 Schools Across 11 Brands
Long Term Occupancy, Showing Commitment to Site - Tenant has Operated at the Site for 31 Years
Rapidly Growing Des Moines Trade Area with Population and Households Projected to Increase 8 – 16% within 5 miles by 2027
Average Household Income Exceeds $111,000 within Five Miles of the Site
High Visibility Location Near Signalized Hard Corner of East 1st Street & Delaware Avenue with More Than 42,000 Cars per Day
Immediate Connection to Downtown Des Moines via Interstate 35/Monarch Hwy (35,000 Cars per Day)
Surrounded by National Tenants: Applebee's, Arby's, KFC, Fazoli's, and Many More
Broker Information
Spencer Berkley
Agent
Phone Number:
602.687.6836
Spencer.Berkley@marcusmillichap.com
Mark Ruble
Agent
Phone Number:
602.687.6766
mruble@marcusmillichap.com
Chris Lind
Agent
Phone Number:
602.687.6780
chris.lind@marcusmillichap.com
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