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General Dynamics | Corp NNN | Long Term 207 Hospital Dr

34,000 SF Office Building Barbourville, KY 40906 £4,043,702 (£119/SF) 8% Net Initial Yield

Investment Highlights

  • Corporate Guaranteed | Options To Extend | Long Term Occupancy |Well-Known & Established Tenant
  • Nearby National Tenants | US Hwy 25E (26,600 VPD) | Oversized Lot
  • NNN | Fee Simple Ownership | Limited Landlord Responsibilities
  • Strong Demographics In 5-Mile Trade Area

Executive Summary

SRS National Net Lease is pleased to offer the opportunity to acquire the fee simple interest (land & building ownership) in a NNN, corporate guaranteed, freestanding, General Dynamics Information Technology investment property located in Barbourville, Kentucky. The tenant has occupied the site for 25 years and has 1-year remaining on its lease with 1 (6-month) and 1 (1-year) option to extend. The lease features a 5% rental increase at the beginning of the second option period and is NNN, with limited landlord responsibilities, making it an ideal, low-management investment opportunity for a passive investor. General Dynamics Information Technology is a global technology and professional services company that provides consulting and mission services to every major agency across the U.S. government, defense, and intelligence community. It’s parent company, General Dynamics (NYSE: GD), has a market cap of $76.68 billion.

Property Facts

Sale Type
Investment NNN
Property Type
Office
Property Subtype
Data Centre
Building Size
34,000 SF
Building Class
C
Year Built
1999
Price
£4,043,702
Price Per SF
£119
Net Initial Yield
8%
NOI
£323,470
Tenancy
Single
Number of Floors
1
Typical Floor Size
34,000 SF
Building FAR
0.16
Land Acres
4.75 AC
Zoning
General Commercial
Parking
375 Spaces (11.03 Spaces per 1,000 SF Leased)

Amenities

  • Signage

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
090-40-04-044.01
Land Assessment
£0
Improvements Assessment
£0
Total Assessment
£1,923,160
  • Listing ID: 32655712

  • Date on Market: 01/08/2024

  • Last Updated:

  • Address: 207 Hospital Dr, Barbourville, KY 40906

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