921 Anderson Ferry RdCincinnati, OH 45238

Property Details for 921 Anderson Ferry Rd

Year built

1986

Lot size

0.76 AC

Property size (Sq ft)

4,950 SF

Property type

Specialty properties

Property subtype

Day care centers & nurseries

APN

540-0063-0558-00

APU

5400063055800

Description

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.

• CAP approach

  CAP return

  Valuation

  6%

  $714,550

  6.5%

  $659,584

  7%

  $612,471

• Comparable approach

  Method

  Valuation

  Relative Method

  $706,952

  Geo Method

  $706,952

• Alternative Use

  Use

  Valuation

  Residential

  $836,710

  Hospitality

  $766,422

  Educational

  $637,654

  Medical

  $659,584

  Retail

  $991,907

Location Insight

City

Cincinnati

County

Hamilton

State

Ohio

Latitude

39.111

Longitude

-84.6169

CBSA code

17140

CBSA name

CINCINNATI-MIDDLETOWN, OH-KY-IN METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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