For Sale
$500,000

2651 Highland AveCincinnati, OH 45219

Profitable Daycare Center in Cincinnati, OH

Overview

Added:
Dec 11, 2024
Days on market:
115
This exceptional investment opportunity presents a stabilized, single-tenant daycare center located at 2651 Highland Ave, Cincinnati, OH 45219. The property boasts a 4,000 square foot building on a 0.38-acre lot, constructed in 1966. Currently operating under a 10-year Net Net (NN) lease commencing June 10, 2024, and expiring September 30, 2034, this property offers significant long-term stability. The lease includes rent bumps, ensuring consistent income growth. The property features 12 parking spaces and is conveniently located near the University of Cincinnati and area hospitals. The current Net Operating Income (NOI) is $40,700, yielding an 8.14% cap rate. Pro-forma NOI is projected at $59,142, resulting in an 11.83% pro-forma cap rate. This well-maintained, established daycare center represents a compelling investment opportunity with substantial upside potential. The property's strong location, long-term lease, and built-in rent increases make it an attractive addition to any portfolio. The Hamilton County Assessor's Parcel Number (APN) is 092-0001-0060-00. The asking price for this turnkey operation is $500,000.

Highlights

  • Stabilized, single-tenant daycare center in Cincinnati, OH.
  • 4,000 SF building on a 0.38-acre lot, built in 1966.
  • 10-year NN lease (6/10/24 - 9/30/34) with rent increases.
  • 12 parking spaces, near UC and area hospitals.
  • $500,000 asking price, $40,700 current NOI (8.14% cap rate), $59,142 pro-forma NOI (11.83% cap rate).

Property Details for 2651 Highland Ave

Property type
Day care centers & nurseries, Retail properties
Square Feet
4,000 SF
Year Built
1966
Buildings
1
Stories
1
Lot Size (sq. ft)
16,553 SF

Location Insight

City
Cincinnati
County
Hamilton
State
Ohio
Latitude
39.1302816
Longitude
-84.5033534
2651 Highland Ave, Cincinnati, Ohio

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2651 Highland Ave
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