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3424 EP True Parkway
West Des Moines, IA 50265
Asking Price
$5.66M
Cap Rate
7%
Asset Type
Day Care/Nursery Retail
Class
Class B
What's Special
Corporate & Personal Guarantee | 7.00% CAP | 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>Des Moines is the state capital and largest city in Iowa and serves as a central hub for government, business, and culture in the region.</li><li>15 minute drive from Des Moines International Airport (DSM) which is undergoing a $445M expansion.</li><li>12+ years remaining on initial term with 2% average annual rent escalations</li><li>Average household income of
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NOI
$80,000
Cap Rate
1.41%
DSCR
0.24
Underwater
Cash-on-Cash
-15.07%
Monthly Payment
$27,979.972
Annual Cash Flow
$-255,759.664
