Historical Retail Sale Listing - Kiddie Academy

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Kiddie Academy

6202 Snider Road, Mason, OH 45040

N/A

10,000 SF | Retail

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KIDDIE ACADEMY

Retail Property - Off Market

Price:
N/A
Building Size:
10,000 SF
Property Type:
Retail
Property Sub-type:
Day Care Facility/ Nursery
Property Use Type:
Net Lease Investment with
10+ years left on lease
Cap Rate:
9.94%
Occupancy:
100%
No. Stories:
1
Tenancy:
Single
Year Built:
2008
Lot Size:
1.47 AC
Listing ID
17867311
Last Updated
over 1 year ago

Highlights

  • Opportunity for Cash-On-Cash Return of 15 Percent
  • Triple Net Lease
  • 11 Years Remaining on Lease with Annual Rent Bumps
  • Strong Population Growth, Density and Incomes
  • Large 1.48 Acre Parcel
  • Situated in a Major Retail Corridor

Description

**BUSINESS NOT FOR SALE; REAL ESTATE ONLY** Marcus & Millichap is pleased to bring to market this 10,000-square foot Nationally Franchised Day Care Property (with adjacent 5,000-square foot playground) located in Mason, Ohio, a part of the Cincinnati, Ohio, MSA. The subject property was built in 2008
specifically for the tenant. There are eleven years remaining on this Nationally Franchised Day Care Property' s fifteen year triple net lease.

The property is priced at $2,750,000, a 9.94 percent cap rate at $273.00 per square foot. Based on current market financing, subject property will produce a cash-on-cash return in excess of 15 percent.

The subject property sits on approximately 1.48 acres on Snider Road, one of the major retail corridors in Mason, between Tylersville Road and Reading Road. The immediate area is a diverse mix of retail, medical, banking, restaurants, office and residential housing. The subject property is surrounded by other national retail, a plethora of small shop space, fast food and more.

Map of 6202 Snider Road, Mason, OH 45040 (Warren County)

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Created 10/9/2012