14 Grace Dr Powell, OH 43065-9331
- Day care centers
- 7,875 SF
- 1.00 lot acres
Current Use by Public Records
- Day care centers
Property Details for 14 Grace Dr
- Year built
- 1986
- Lot size
- 1.00 lot acres
- Property size
- 7,875 SF
- Property type
- Day care centers
- APN
- 319-425-13-091-000
- APU
- 31942513091000
Description
This exceptional investment opportunity presents a 7,875 square foot childcare center located at 14 Grace Drive, Powell, OH 43065. The property boasts a strong 15-year triple-net (NNN) lease with a corporate guarantee, ensuring minimal landlord responsibilities and a secure investment. The lease features 2% annual rent bumps, providing consistent income growth. The center, built in 1986 and renovated in 2017, sits on a one-acre lot and currently enjoys 100% occupancy. With a net operating income (NOI) of $200,000 and a 6.80% cap rate, this property offers a compelling return on investment. The tenant, Early Bird Education Group, operates 30 locations nationwide and has served Delaware County since 2014. Powell's desirable location, 30 minutes north of downtown Columbus and the John Glenn Columbus International Airport, coupled with a high average household income of $199,293 and a population of 53,992 within a 3-mile radius, contributes to the property's strong performance. The area is served by the highly-regarded Olentangy Local School District, and nine elementary feeder schools are within a 3-mile radius. The asking price is $2,941,176, with a price per square foot of $373.48. Four 5-year lease options further enhance the long-term value of this investment. This is a rare opportunity to acquire a stable, high-performing childcare center in a thriving Ohio community.
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
- Powell
- County
- Delaware
- State
- Ohio
- Longitude
- -83.0755
- Latitude
- 40.1636
- CBSA code
- 18140
- CBSA name
- COLUMBUS, OH METROPOLITAN STATISTICAL AREA
