1350 N Main St - Medical FOR SALE


Madisonville, KY 42431
$1,820,000 USD
203-887-8797
1350 N Main St, Madisonville, KY for Sale
$1,820,000 USD
Medical - FOR SALE
1/2
null | 8% Cap Rate

1350 N Main St
Madisonville, KY 42431


HIGHLIGHTS

  • Long-Term Absolute Triple Net (NNN) Lease
  • Attractive Rental Increases
  • Strong Corporate Guarantee

OVERVIEW

NNN Pro and Bang Realty are pleased to present the exclusive listing for a Fast Pace Health located at 1350 N Main Street, Madisonville, KY 42431. The site consists of roughly 4,066 rentable square feet of building space on an estimated 0.58-acre parcel of land. This Fast Pace Health is subject to a 12-year Triple Net (NNN) lease, which commenced 8/12/2016. The current annual rent is $145,600 and has scheduled increases of 10.00% every five years throughout its two ten-year option periods.

FOR SALE DETAILS

PRICE

$1,820,000 USD

PRICE/SF

$448 USD /SF

CAP RATE

8%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Fast Pace Health

PROPERTY TYPE

Office

PROPERTY SUBTYPE

Medical

TOTAL BUILDING SIZE

-

STORIES

1

BUILDING CLASS

B

YEAR BUILT

2016

SPRINKLERS

-

PARKING SPACES

14

LAND DETAILS

LAND ACRES

0.58 AC

LAND SF

25,265 SF

ZONING

COM

APN/PARCEL ID

M-31-4-14

ASK ABOUT THIS PROPERTY

Anthony D'AmbrosiaNNN Pro GroupMore Info
203-887-8797

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Anthony D'AmbrosiaNNN Pro GroupMore Info
203-887-8797

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.