921 Anderson Fry Rd Cincinnati, OH 45238-4239
- Day care centers
- 4,950 SF
- 0.76 lot acres
Current Use by Public Records
- Delhi KinderCare / Day Care Center / Preschool
Property Details for 921 Anderson Fry Rd
- Year built
- 1986
- Lot size
- 0.76 lot acres
- Property size
- 4,950 SF
- Property type
- Day care centers
- 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.
Value Estimation
-
AI approach
- CAP return
- Estimation
- Estimation
- $850,000
-
CAP approach
- CAP return
- Estimation
- 6%
- $1,005,000
- 6.5%
- $960,000
- 7%
- $900,000
-
Comparable approach
- Method
- Estimation
- Relative Method
- $935,000
- Geo Method
- $810,000
-
Alternative Use
- Use
- Estimation
- Distribution
- $920,000
- Retail
- $845,000
- Mixed-Use
- $795,000
- Hospitality
- $990,000
- Educational
- $855,000
- Residential Income
- $765,000
- Energy
- $1,045,000
- Income-Based Land
- $875,000
- Food Service
- $975,000
Location Insight
- Map
- Local Demand
- City
- Cincinnati
- County
- Hamilton
- State
- Ohio
- Longitude
- -84.6169
- Latitude
- 39.111
- CBSA code
- 17140
- CBSA name
- CINCINNATI-MIDDLETOWN, OH-KY-IN METROPOLITAN STATISTICAL AREA
