Everbrook Academy
$6,888,890
15200 Meredith Drive, Urbandale, IA 50323
For Sale
Retail
Other
Active
Last Updated: 10/15/2025
6.75
Cap Rate
465,000
NOI
Details:
Cap Rate: 6.75%
NOI: $465,000
Building Size: 11,617 sqft
Lot Area: 2.16 acres
Lease Type: Double Net
Year Built: 2025
Tenancy: Single
Highlights:
- Everbrook Academy signed a 20 year, NN lease with 7.5% increases every 5 years.
- The tenant on the lease is Everbrook Academy with guaranty provided by Learning Care Group which operates approximately 1,150 locations under 11 brands.
- Excellent demographics with a 3-mile average household income of $174,123 and population of 122,984 within a 5-mile radius.
- Everbrook Academy is located along Meredith Drive with traffic counts of 4,830 VPD and near I-35 where traffic counts average 107,000+ VPD.
- Located near several schools including Des Moines Christian with 1,300+ students, Walnut Hills Elementary School with 640+ students, Schuler Elementary School with 700+ students, etc.
- Nearby tenants include Hy-Vee Fast & Fresh, Starbucks, Jimmy John’s, Smokey Row Coffee, Kiddie Academy, New Horizons, and more.
- Urbandale is ranked the #9 Best Suburb to Live in Iowa and #10 Best Place to Raise a Family in Iowa, according to Niche.
- Urbandale, Iowa is a rapidly growing suburb of Des Moines that has become one of the metro area's most desirable places to live. Known for its strong schools, well-maintained neighborhoods, and safe, family-friendly environment, Urbandale blends small-town comfort with urban accessibility.
Description:
Everbrook Academy is located in Urbandale, Iowa, a suburb located approximately 13 miles northwest of Des Moines. This property is located along Meredith Drive where traffic counts average 4,830 vehicles daily and near I-35 where traffic counts average 107,000+ vehicles daily. Nearby tenants include Target, Home Depot, Hy-Vee, Nebraska Furniture Mart, Walgreens, ALDI, and much more.
Urbandale is ranked the #9 Best Suburb to Live in Iowa and #10 Best Place to Raise a Family in Iowa, according to Niche.
Documents:
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Everbrook_Academy_-_Urbandale__IA.pdf
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