Hopebridge Autism Therapy Center
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
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