10049 STARK DR West Des Moines IA 50266-5980

Stanbrough Realty Company is pleasant to present the Kings Grove Townhomes, 26 unit townhome development.​ This new construction townhomes development is located in West Des Moines, just minutes from Jordan Creek – the premier retail corridor in Iowa.​ Several Large employers call West Des Moines home, including Wells Faro, Athene, IMT Insurance, and many others nearby.​

PRIME LOCATION IN WEST DES MOINES

• Strategic Placement: Kings Grove Built-To-Rent Portfolio is situated in the vibrant heart of West Des Moines, a rapidly growing area with easy access to both work and leisure options. Only 5 miles south of the new potential site of Waukee’s expansion school.

• Proximity to Major Employers: The portfolio is near the West Des Moines Corporate Campus Corridor, housing prominent companies like Athene, Wells Fargo, IMT, and Sammons Financial Group. Additionally, it’s just minutes from the new $250-million Des Moines University Medical School campus.

• Access to Amenities: Residents are close to the Jordan Creek Town Center, a premier retail destination with 1.3 million square feet of fully occupied storefronts. The area also features notable attractions like a record-setting Lululemon store, a new Top Golf, and the world’s largest Ruth’s Chris Steak House.

AFFLUENT SURROUNDING DEMOGRAPHICS

• Strong Neighborhood Profile: The surrounding area boasts an exceptional residential neighborhood with average home values exceeding $500,000, and many homes valued over $1,000,000.

• High Household Incomes: Within a one-mile radius, the average annual household income is $155,000, significantly higher than the national average, supporting the property’s premium positioning.

51-UNITS OF BUILD TO RENT PRODUCT

• Below-Market Rents: Currently the 26 Townhome rental rates are nearly $400 per unit below market comparables due to initial lease-up by an inexperienced property manager. Similarly, the additional 25 Build-To-Rent Single Family Homes are currently in lease up providing the opportunity to bring rents to market as first generation leases burn off.

HIGH-QUALITY, LUXURY LIVING

• Premium Features: Each unit is designed for luxury living with high-end finishes, including Chef’s Kitchens with upgraded Whirlpool appliances, walk-in pantries, and in-suite master baths. All bedrooms feature walk-in closets, and units are enhanced by LED recessed lighting, 9ft ceilings, ceiling fans, and smart HVAC systems.

• Desirable Amenities: Tenants enjoy practical features like in-unit laundry rooms with washers and dryers, mudrooms with lockers, and full-sized attached two-car garages. The Townhomes include covered porches adding a charming outdoor living space.