7600 Affinity PlCincinnati, OH 45231

Property Details for 7600 Affinity Pl

Year built

2002

Lot size

1.09 AC

Property size (Sq ft)

4,925 SF

Property type

Retail properties

Property subtype

Other retail properties

Description

This exceptional investment opportunity presents a fee-simple, single-tenant retail property located at 7600 Affinity Pl, Cincinnati, OH 45231. The 4,925 square foot building, constructed in 2002 and situated on a 1.09-acre lot, is 100% occupied by My Dialysis under a NNN lease with 9.3 years remaining. The lease commenced March 1, 2024, and expires February 28, 2034, featuring a 1x5-year lease option. The current asking price is $1,846,875, representing a price per square foot of $375 and an 8.00% cap rate, with a current NOI of $147,750. The lease includes attractive 3% annual rent bumps, providing significant inflationary protection and long-term cash flow stability. This property benefits from the recession-resistant nature of the healthcare industry and the substantial growth projected in the dialysis market. The property's strong financial performance, coupled with the long-term lease and built-in rent increases, makes it an ideal investment for those seeking a secure and high-yielding asset. The Hamilton County location provides convenient access to major transportation routes and a strong local demographic. The property's single-tenant occupancy minimizes management responsibilities, making it an attractive passive investment opportunity. APN: 593-001-1-0083-00.

Location Insight

City

Cincinnati

County

Hamilton

State

Ohio

Latitude

39.2318

Longitude

-84.5372

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