182 Roy Campbell Dr - Medical FOR SALE


Hazard, KY 41701
$1,238,000 USD
714-356-2682
182 Roy Campbell Dr, Hazard, KY for Sale
$1,238,000 USD
Medical - FOR SALE
1/15
null | 8.75% Cap Rate

182 Roy Campbell Dr
Hazard, KY 41701


HIGHLIGHTS

  • 1 of 3 Investments - Can be purchased individually or as a portfolio (Spero - Hazard, KY / Spero - Owensboro, KY / and Spero - Jeffersonville, IN).
  • 100% Occupied & Corp. Guaranteed - Spero Health is one of the largest office-based opioid treatment providers in the U.S., with 95+ locations
  • NN Lease Structure – Minimal landlord responsibilities – Roof, Structure, and HVAC replacements that exceed over $1,500 in initial term only.
  • Long-Term Lease Stability – Four and a half years term remaining on the initial 10-year term with two (5-year) renewal options.
  • Recent Capital Improvements – Fully renovated in 2019 to meet the tenant’s specifications. Warranties remain in place for HVAC Units and Flooring.
  • Prime Healthcare Location – Situated directly across from Hazard ARH Regional Medical Center, a 358-bed acute care hospital.

OVERVIEW

Cook Commercial Partners is pleased to present the Spero Health outpatient clinic in Hazard, Kentucky. This 4,508-square-foot, single-tenant facility was fully remodeled in 2019 to meet the tenant’s specifications. This investment opportunity features four and a half years remaining on the initial 10-year lease term, with two additional five-year renewal options, providing long-term stability. The lease structure is NN, offering minimal landlord responsibilities, and is corporately guaranteed by Spero Health, Inc., a leading provider of outpatient addiction treatment. Spero Health is an integrated healthcare services organization specializing in local, affordable, and evidence-based treatment for individuals struggling with substance use disorder. With a strong commitment to community care and a growing national presence, Spero Health continues to expand its reach in the fight against the opioid epidemic.

FOR SALE DETAILS

PRICE

$1,238,000 USD

PRICE/SF

$275 USD /SF

CAP RATE

8.75%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Spero Health

PROPERTY TYPE

Office

PROPERTY SUBTYPE

Medical

TOTAL BUILDING SIZE

-

STORIES

1

BUILDING CLASS

B

YEAR BUILT

2006

SPRINKLERS

-

PARKING SPACES

34

LAND DETAILS

LAND ACRES

1.75 AC

LAND SF

76,230 SF

ZONING

2000 - Commercial

APN/PARCEL ID

086-20-05-012.02

ASK ABOUT THIS PROPERTY

Kassidy SevillaCook Commercial PartnersMore Info
714-356-2682

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Kassidy SevillaCook Commercial PartnersMore Info
714-356-2682

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