This Retail Property is Off-Market.

6202 Snider Road
Mason, OH 45040 ·

10,000 SF · Retail For Sale

N/A

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Kiddie Academy

Price N/A Occupancy 100%
Building Size 10,000 SF No. Stories 1
Property Type Retail Tenancy Single
Property Sub-type Day Care Facility/Nursery Year Built 2008
Property Use Type Net Lease Investment with 10+ years left on lease Lot Size 1.47 AC
Cap Rate 9.94%
Listing ID: 17867311 Date Created: 10/09/2012 Last Updated: 04/02/2013

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.

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

Research

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

Property Record Data - Historical Listings, current tax, mortgage, owners & tenant info for this property

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