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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.

Property Facts

Sale Type
Investment
Sale Conditions
Distress Sale
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

City National Bank Of West Virginia
Rent-A-Center
Kroger
Waffle House
Applebee's
Steak ‘n Shake
Cook Out
Cracker Barrel Old Country Store
Apple Market
Krystal

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
023-00-00-023.02
Land Assessment
£0
Improvements Assessment
£0
Total Assessment
£1,174,950
  • Listing ID: 32774418

  • Date on Market: 12/08/2024

  • Last Updated:

  • Address: 492 Indian Mound Dr, Mount Sterling, KY 40353

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