8551 US Highway 42
Florence, KY 41042
Children's House (36% Pop. Growth | 51KVPD) · Retail Property For Sale

The Dumes Falk Group of Marcus & Millichap is pleased to bring to market a single tenant building leased to The Children’s House, a daycare facility positioned on US-42 in Florence, Kentucky. The offering is an approximately 13,976-square foot building built in 2013 on approximately 1.12 acres. The tenant has over five years remaining on the initial ten year triple-net lease. The lease is equipped with three, five-year renewal options with ten present increases at the beginning of each option. The city of Florence is located approximately ten miles southwest of Cincinnati and is one of the fastest growing suburbs in the Cincinnati MSA. Since 2000, the local population has increased 70 percent in one-mile, 48 percent in three-miles and 36 percent in five-miles. Within five-miles, this submarket has over 125,000 residents with average annual incomes exceeding $82,000, and nearly 127,000 employees. This location benefits from excellent visibility from US-42 and SR-237 which have over 51,100 vehicles per day combined. Just over a mile northeast of the subject property is Interstate-75 which sees over 138,400 vehicles per day. The subject property is surrounded by national retailers such as Kroger Marketplace, Costco, Walgreens, CVS, Ace Hardware, McDonalds, Taco Bell, and many more. The subject property is also located near several schools with a combined enrollment exceeding 3,500. students.