225 E 1ST ST Ankeny IA 50021-1829

SVN is pleased to offer this ideal investment opportunity leased to Cadence Academy Preschool located at 225 E. 1st St. in Ankeny, IA. Cadence Academy is one of the premier preschool operators across the country with schools in 30 states from coast to coast. This location has operated as an early childhood educational center for 11 years and has been operated by Cadence Education since 2016 when it acquired the location from Apple Tree and has continued to operate at full capacity showing the need for early education in the local area. The lease offers two percent increases annually and minimal Landlord responsibilities (Roof / Structure / Parking). This is an incredible opportunity to own an asset in a class that will be active regardless of market conditions with a long-term operating history at the site.

The Subject Property is located at 225 E. 1st Street in Ankeny, Iowa. The site lies just east of the busy Ankeny Blvd. and E. 1st Street intersection which boasts 19,000 VPD and 14,500 VPD respectively. The property is just 2.5 miles from the John Deere Factory which manufactures crop harvesting and crop care equipment, making it a perfect childcare option for the many employed in the immediate area.

• Cadence Academy Operates in 30 States Coast to Coast

• Necessity Tenant in a Strong Daytime Workforce Market

• NN Lease with Minimal Landlord Responsibilities

• Tenant Covers Taxes / CAM / Insurance Directly

• Strong Midwest Net Lease Asset Offering Higher Returns than Coastal Properties