11179 Luschek Dr Cincinnati, OH 45241
- Day care centers
- 9,000 SF
- 1.64 lot acres
Current Use by Public Records
- Day care centers
Property Details for 11179 Luschek Dr
- Lot size
- 1.64 lot acres
- Property size
- 9,000 SF
- Property type
- Day care centers
- Property subtype
- Retail properties
Description
This exceptional investment opportunity presents a 9,000 square foot freestanding retail building in Cincinnati, Ohio, currently leased to Guidepost Montessori, the world's largest Montessori school operator with over 150 locations. The property sits on a 1.64-acre lot and includes 30 parking spaces. The 20-year net lease (NNN) boasts a 7.00% cap rate and a substantial NOI of $433,500. The lease features attractive 2% annual rent bumps, providing consistent income growth. The building underwent extensive renovations in 2023, encompassing a new roof and HVAC system, a completely resurfaced parking lot, replacement of all mechanical, electrical, and plumbing systems (MEPs), and a fresh coat of paint throughout. The lease is guaranteed by Higher Ground Education (HGE), a financially strong corporate entity with an experienced executive team. This investment benefits from a prime location in a high-growth area, boasting a 12.75% population increase within a one-mile radius since 2020 and average household incomes exceeding $152,031 within the same radius. The surrounding area, Blue Ash, is recognized for its high quality of life, ranking highly in national surveys. This property offers a secure, high-return investment with a strong tenant and a long-term lease. Four, five-year lease options further enhance the investment's stability and potential. The property is located at 11179 Luschek Dr, Cincinnati, OH 45241.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Cincinnati
- County
- Hamilton
- State
- Ohio
- Longitude
- -84.3807
- Latitude
- 39.2705
