7600 Affinity Pl Cincinnati, OH 45231
- Retail properties
- 4,925 SF
- 1.09 lot acres
Current Use by Public Records
- Retail properties
Property Details for 7600 Affinity Pl
- Year built
- 2002
- Lot size
- 1.09 lot acres
- Property size
- 4,925 SF
- Property type
- Retail properties
- Property subtype
- Grocery and convenience stores
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.
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
- -84.5372
- Latitude
- 39.2318
