921 Anderson Ferry Rd - Day Care Center FOR SALE


Cincinnati, OH 45238
$1,060,714 USD
781-776-4003
921 Anderson Ferry Rd, Cincinnati, OH for Sale
$1,060,714 USD
Day Care Center - FOR SALE
1/5
null | 7% Cap Rate

921 Anderson Ferry Rd
Cincinnati, OH 45238


HIGHLIGHTS

  • Recent Lease Extension
  • Attractive Rent Increases
  • Zero Landlord Responsibilities
  • Strong Corporate Operator
  • Strategic Location
  • Growth Industry & E-Commerce Resistant

OVERVIEW

Horvath & Tremblay is pleased to present the exclusive opportunity to purchase a single tenant net leased investment property located at 921 Anderson Ferry Road in Cincinnati, Ohio (the “Property”). KinderCare has operated at this location for more than 35 years, continuously exercising their renewal options, demonstrating their commitment to the site and the market. KinderCare has 3+ years remaining on their triple net (NNN) Lease with two (2), 6-year renewal options. The lease calls for attractive annual rent increases throughout both renewal options. The Property is located adjacent to the signalized intersection of Anderson Ferry Road and Rapid Run Road in the Delphi neighborhood of Cincinnati. The Property is surrounded by densely developed residential neighborhoods and enjoys convenient access to several area public schools as well as Mount St Joseph University. The Property is 1.5-miles south of Glenway Avenue (OH Route 264), the area’s primary commercial corridor, which drives traffic to the area. Cincinnati offers a highly populated, affluent demographic and the location is part of a prominent residential area, offering a captive customer base. KinderCare is well positioned to meet the needs of the area, as the one of the only nationally recognized Daycare and Early Learning Center in the immediate area

FOR SALE DETAILS

PRICE

$1,060,714 USD

PRICE/SF

$214 USD /SF

CAP RATE

7%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

KinderCare

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Day Care Center

ADD'L SUBTYPES

Freestanding

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1986

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.76 AC

LAND SF

33,106 SF

ZONING

E

APN/PARCEL ID

540-0063-0558

ASK ABOUT THIS PROPERTY

Robert HorvathHorvath & TremblayMore Info
781-776-4003

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Robert HorvathHorvath & TremblayMore Info
781-776-4003

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.