921 Anderson Ferry RdCincinnati, OH 45238

For Sale
$1,060,714

High-growth, recession-resistant investment. Strong tenant, long lease term.

Overview

Added:
Dec 11, 2024
Days on market:
91
This exceptional investment opportunity presents a fee-simple ownership of a 4,950 square foot, single-tenant, net-leased retail property located at 921 Anderson Ferry Rd, Cincinnati, OH 45238. The property is currently 100% occupied by KinderCare Learning Centers, LLC, a nationally recognized leader in early childhood education, under a lease with a remaining term of approximately 2.9 years, plus two 6-year renewal options. The lease commenced December 29, 1987, and expires September 29, 2027. The lease includes annual rent bumps, providing a hedge against inflation. The property boasts a 7.00% cap rate and a strong NOI of $74,250. Situated on a 0.76-acre lot, the single-story building benefits from a high-traffic location at the intersection of Anderson Ferry Road and Rapid Run Road, with over 29,000 vehicles passing daily. The surrounding area features a dense residential population with high average household incomes, and is conveniently located near major retailers, including Walmart, Target, and Kroger. The property's strategic location within a densely populated residential neighborhood, coupled with the KinderCare brand's strong reputation and the lease's favorable terms, makes this a compelling investment in a resilient and growing sector of the economy. The property is a triple-net (NNN) lease, requiring zero landlord responsibilities. The KinderCare lease provides a corporate guarantee, mitigating risk. The property's location is within a 3-mile radius of over 99,400 people, and a 5-mile radius of over 189,200 people, with average household incomes exceeding $84,000. The property is also within 5 miles of over 62,700 employees. This is a rare opportunity to acquire a stable, high-performing asset in a recession-resistant industry. The asking price is $1,060,714.

Highlights

  • $1,060,714 Asking Price, 7.00% Cap Rate, Net Lease Investment.
  • KinderCare Learning Center, a national operator, is the tenant with a corporate guarantee.
  • 4,950 SF building on a 0.76-acre lot, 100% occupancy.
  • NNN lease with 2.9 years remaining, plus two 6-year options with annual rent increases tied to CPI (capped at 2.5%).
  • Strong demographics: High household incomes within a 3-5 mile radius, significant daily traffic counts, and proximity to major retailers.

Property Details for 921 Anderson Ferry Rd

Property type
Day care centers & nurseries, Other retail properties
Square Feet
4,950 SF
Buildings
1
Stories
1
Lot Size (sq. ft)
33,106 SF

Location Insight

City
Cincinnati
County
Hamilton
State
Ohio
Latitude
39.1109914
Longitude
-84.6170221
921 Anderson Ferry Rd, Cincinnati, Ohio

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921 Anderson Ferry Rd
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