HD / UnityPoint — Ankeny, IA (Property 1)
Two-tenant medical NNN asset at 1055 & 1075 SW Oralabor Road, Ankeny, IA (Des Moines MSA), occupied by Heartland Dental and UnityPoint. Priced at $5,923,000 / 6.25% cap on $370,180 NOI; 2021 construction; 8,348 SF on 1.78 acres; 100% occupied. A Heartland 10% bump in Jan 2028 lifts the cap to 6.51%, and a pre-approved lot split offers future parcelization optionality. Listed by Hanley Investment Group.
Key Facts¶
- Heartland: 4,348 SF to 12/31/2032; UnityPoint: 4,000 SF to 04/30/2031 (no renewals).
- NNN but not absolute; minimal landlord responsibilities.
- Ankeny: 4th fastest-growing U.S. city; Des Moines MSA #1 fastest-growing Midwest metro.
- Key risk: UnityPoint has no renewal option — 2031 is a binary outcome.