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We present a stringy realization of the ISS metastable SUSY breaking model with moduli stabilization. The mass moduli of the ISS model is stabilized by gauging of a U(1) symmetry and its D-term potential. The SUSY is broken both by F-terms and D-terms. It is possible to obtain de-Sitter vacua with a vanishingly small cosmological constant by an appropriate fine-tuning of flux parameters. The content of this article is based on our recent paper1, which is in collaboration with Yu Nakayama (Berkeley) and Tsutomu Yanagida (Tokyo).