Listed by ParaSell Inc, Sands Investment Group
$5,486,400
New Creations Child Care - Waukee, IA
Details
Property Type Retail, Special Purpose
Sub Type Day Care/Nursery, School
Square Footage 12,836
Cap Rate 7%
NOI $384,048
Occupancy 100%
Tenancy Single
Brand/Tenant new creations
Lease Type NNN
Lease Term 15
Lease Expiration 08/31/2038
Remaining Term 12.2
Rent Bumps Yes
Lease Options None
Price per SqFt $427
Year Built 2022
Acreage 1.170
Investment Type Net Lease
Lease Commencement 09/01/2023
Ground Lease No
7.00% CAP | 12 Yr Child Care NNN Asset | 2% Annual Increases
Marketing description
We are pleased to offer for sale the 12,836 SF New Creations Child Care at 801 NE Venture Drive in Waukee, Iowa. Leased to New Creations Child Care and Learning Center with over 12 years remaining and 2% annual rent escalations, the property provides stable, long-term income. Located just 15 minutes from Des Moines International Airport (DSM). This turnkey, recession-resistant asset offers investors a stable, passive investment with strong lease security, supporting both immediate cash flow and long-term portfolio growth.
Investment highlights
- New Creations Child Care and Learning Center is a regional provider with 20 locations between Minnesota and Iowa.
- 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.
- 15 minute drive from Des Moines International Airport (DSM) which is undergoing a $445M expansion.
- 12+ years remaining on lease with 2% annual rent escalations.
- 10 elementary feeder schools within a 5-mile radius.
- Average household income of $142,298 and a population of 88,708 residents within a 5-mile radius.
- 2 miles from Kettlestone Central Mixed-Use District, a 164-acre development expanding as the city’s emerging “downtown.”
- 15 miles from the $750M+ Market District redevelopment with mixed-use housing, retail, office space, and public amenities in Downtown Des Moines.
Listing Contacts
Listed by ParaSell Inc, Sands Investment Group
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Loan Amount
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Annual Debt Service
$--
$--
Annual Cash Flow
$384,048.00
$32,004.00/mo
Valuation Metrics
0
DSCR
7%
Cap Rate
7%
ROI
Map
Zoning
C-1B CommercialRetail CommercialLarge Scale Commercial District
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View all 70 uses Last updated Mar 9, 2026 For deeper zoning details, reports are available at Zoneomics
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