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26323145
26323144

2904 Foltz Dr, Edgewood, KY 41017

PR
TX 521093
Lee & Associates - Dallas/Fort Worth
LK
TX 811161
Lee & Associates - Dallas/Fort Worth
Listed by Lee & Associates - Dallas/Fort Worth
$1,500,000
381 days on market
Updated 54 days ago

Hopebridge Autism Therapy Center

Details
APN 015-40-13-027.02
Property Type Office
Sub Type Medical Office
Square Footage 7,100
Net Rentable (SqFt) 7,100
Cap Rate 9.00%
NOI $134,872
Occupancy 100%
Tenancy Single
Lease Type NNN
Lease Term 10.7
Lease Expiration 06/29/2028
Remaining Term 2.9
Rent Bumps Yes
Lease Options with 1 remaining 5-year renewal option
Price per SqFt $211
Class B
Year Built 1987
Buildings 1
Stories 1
Acreage 0.810
Zoning PO
Parking Spaces 35 spaces
Parking Per SqFt 4.93
Investment Type Net Lease
Lease Commencement 10/31/2017
Ground Lease No

Hopebridge Autism Therapy | 9.00% CAP | 7,100 SqFt

Marketing description

Lee & Associates is excited to offer for sale 2904 Foltz Dr, Edgewood, KY 41017, a prime medical outpatient facility leased to Hopebridge Autism Therapy Center, one of the largest providers of autism therapy services in the United States. The property, which is strategically located in the Cincinnati, OH-KY-IN metropolitan area, offers a stable and long-term investment opportunity in the growing healthcare sector, specifically in the autism therapy market.

The property is ideally situated to serve a significant population in the Northern Kentucky area, located just off I-275, near key educational and healthcare institutions, including Turkey Foot Middle School, Thomas More University, and a major healthcare center for the region. The center is located in a rapidly growing community with a population of 63,491 within a 3-mile radius and 141,390 within a 5-mile radius.

Hopebridge Autism Therapy Center is part of a national network of over 130 centers across 12 states, offering personalized care to children diagnosed with autism spectrum disorders. The company is backed by Arsenal Capital, a private equity firm with over $4.3 billion in assets under management, ensuring strong financial backing and corporate stability.

This property offers 2.9 years remaining on its NN lease with annual rent increases of 2% and one 5-year renewal option. In addition, Hopebridge has invested over $85,000 in recent facility improvements, further demonstrating their commitment to this location.

Investment highlights

    • Original Lease Term 5 Years, 3 Months withTwo 5-year Renewal Options
    • Tenant Responsibility: Operating expenses, common area maintenance (including site lighting, snow removal, landscaping), real estate taxes and property insurance and repairs, utilities
    • Landlord Responsibility: HVAC, exterior foundation, walls, roof, plumbing, sewage, main electrical service

    Listing Contacts

    PR
    TX 521093
    Lee & Associates - Dallas/Fort Worth
    LK
    TX 811161
    Lee & Associates - Dallas/Fort Worth
    Listed by Lee & Associates - Dallas/Fort Worth

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    Loan Amount
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    Annual Debt Service
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    $--
    Annual Cash Flow
    $134,872.00
    $11,239.33/mo

    Valuation Metrics

    0
    DSCR
    8.99%
    Cap Rate
    8.99%
    ROI

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    Additional Information

    Name
    John Rickert
    License
    216220
    Brokerage
    Lee & Associates
    Brokerage Phone
    513.702.7664
    Title
    Broker of Record
    *All information is deemed reliable but not guaranteed. Buyer to verify all information.
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