KinderCare | 921 Anderson Ferry Rd
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KinderCare 921 Anderson Ferry Rd
4,950 SF Retail Building Cincinnati, OH 45238 $1,060,714 ($214/SF) 7% Cap Rate
Investment Highlights
- Recent Lease Extension
- Zero Landlord Responsibilities
- Strategic Location
- Attractive Rent Increases
- Strong Corporate Operator
- Growth Industry & E-Commerce Resistant
Executive Summary
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
Property Facts
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Building Size
4,950 SF
Building Class
B
Year Built
1986
Price
$1,060,714
Price Per SF
$214
Cap Rate
7%
NOI
$74,250
Tenancy
Single
Building Height
1 Story
Building FAR
0.15
Land Acres
0.76 AC
Zoning
E
PROPERTY TAXES
Parcel Number | 540-0063-0558 | Improvements Assessment | $229,079 |
Land Assessment | $49,179 | Total Assessment | $278,258 |
PROPERTY TAXES
Parcel Number
540-0063-0558
Land Assessment
$49,179
Improvements Assessment
$229,079
Total Assessment
$278,258
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KinderCare | 921 Anderson Ferry Rd
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