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801 Northeast Venture Drive
Waukee, IA 50263
Asking Price
$5.49M
Cap Rate
7%
Asset Type
Day Care/Nursery Retail
Class
Class B
What's Special
7.00% CAP | 12 Yr Child Care NNN Asset | 2% Annual Increases <ul><li>New Creations Child Care and Learning Center is a regional provider with 20 locations between Minnesota and Iowa.</li><li>Waukee is one of the fastest-growing suburbs in the Des Moines metro area, with its population jumping more than 30% since 2020 and projected to continue expanding in the years ahead.</li><li>15 minute drive from Des Moines International Airport (DSM) which is undergoing a $445M expansion.</li><li>12+ years remaining on lease with 2% annual rent escalations.</li><
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NOI
$80,000
Cap Rate
1.46%
DSCR
0.25
Underwater
Cash-on-Cash
-14.93%
Monthly Payment
$27,143.714
Annual Cash Flow
$-245,724.565
