For Sale
$1,846,875

7600 Affinity PlCincinnati, OH 45231

High-yield, NNN-leased medical property.

Overview

Added:
Dec 11, 2024
Days on market:
114
This exceptional investment opportunity presents a fee-simple, single-tenant retail property located at 7600 Affinity Pl, Cincinnati, OH 45231. The 4,925 square foot building, constructed in 2002 and situated on a 1.09-acre lot, is 100% occupied by My Dialysis under a NNN lease with 9.3 years remaining. The lease commenced March 1, 2024, and expires February 28, 2034, featuring a 1x5-year lease option. The current asking price is $1,846,875, representing a price per square foot of $375 and an 8.00% cap rate, with a current NOI of $147,750. The lease includes attractive 3% annual rent bumps, providing significant inflationary protection and long-term cash flow stability. This property benefits from the recession-resistant nature of the healthcare industry and the substantial growth projected in the dialysis market. The property's strong financial performance, coupled with the long-term lease and built-in rent increases, makes it an ideal investment for those seeking a secure and high-yielding asset. The Hamilton County location provides convenient access to major transportation routes and a strong local demographic. The property's single-tenant occupancy minimizes management responsibilities, making it an attractive passive investment opportunity. APN: 593-001-1-0083-00.

Highlights

  • Above-market lease with 3% annual rent increases, offering strong cash flow and inflation protection.
  • 10-year remaining lease term provides long-term lease security.
  • NNN lease structure minimizes landlord responsibilities.
  • Investment in healthcare real estate offers recession resistance.
  • Property situated in a rapidly growing USD 36.21 billion (2022) hemodialysis market projected for 6.10% CAGR growth.
  • 8% cap rate aligns with current interest rates, enhanced by above-market rent increases.

Property Details for 7600 Affinity Pl

Property type
Retail properties, Grocery and convenience stores
Square Feet
4,925 SF
Year Built
2002
Buildings
1
Stories
1
Lot Size (sq. ft)
47,480 SF

Location Insight

City
Cincinnati
County
Hamilton
State
Ohio
Latitude
39.2318275
Longitude
-84.5372339
7600 Affinity Pl, Cincinnati, Ohio

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7600 Affinity Pl
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