ESTATE SALE 100% Leased NNN. T-Mobile and Koi | 492 Indian Mound Dr
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ESTATE SALE 100% Leased NNN. T-Mobile and Koi 492 Indian Mound Dr
4,689 SF 100% Leased Retail Building Mount Sterling, KY 40353 £1,605,765 (£342/SF) 7.25% Net Initial Yield
Investment Highlights
- High Traffic. Premium Location. Drive through for Koi Express
Executive Summary
ESTATE SALE: Prime location. New construction.100% long term NNN leases. Quality tenants.7.25% cap rate. Broker co-op.
Out parcel free standing 4689 sq ft building next to Walmart and Lowes. T-Mobile and KOI Express in new NNN leases. KOI Express has seven locations in Kentucky. Koi lease is personally guaranteed. NOI 146k/year. Appraised at 2.25 mil. Sale Price 2.050 mil. Call Jim Craig, Attorney 859-327-1426 or email jimcraigattorney@aol.com. Serious inquiries only please.
Out parcel free standing 4689 sq ft building next to Walmart and Lowes. T-Mobile and KOI Express in new NNN leases. KOI Express has seven locations in Kentucky. Koi lease is personally guaranteed. NOI 146k/year. Appraised at 2.25 mil. Sale Price 2.050 mil. Call Jim Craig, Attorney 859-327-1426 or email jimcraigattorney@aol.com. Serious inquiries only please.
Property Facts
Sale Type
Investment
Sale Conditions
Property Type
Retail
Property Subtype
Storefront
Building Size
4,689 SF
Building Class
C
Year Built
2021
Price
£1,605,765
Price Per SF
£342
Net Initial Yield
7.25%
NOI
£116,418
Percent Leased
100%
Tenancy
Multiple
Number of Floors
1
Building FAR
0.09
Lot Size
1.22 AC
Zoning
B-2 - Highway Business
Parking
47 Spaces (10.02 Spaces per 1,000 SF Leased)
Frontage
345 ft on Indian Mound Drive
Nearby Major Retailers
PROPERTY TAXES
Parcel Number | 023-00-00-023.02 | Improvements Assessment | £0 |
Land Assessment | £0 | Total Assessment | £1,174,950 |
PROPERTY TAXES
Parcel Number
023-00-00-023.02
Land Assessment
£0
Improvements Assessment
£0
Total Assessment
£1,174,950
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Presented by
Jim Craig Attorney At Law
ESTATE SALE 100% Leased NNN. T-Mobile and Koi | 492 Indian Mound Dr
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