Health System – with 6 hospitals and nearly 170 physician locations, St. Elizabeth Healthcare is the dominant health system in the Northern Kentucky region.
Longstanding Tenancy – with 15+ years in the property and the recent 5-year extension, the medical practice is a fixture in the community.
Asset Quality – with its brick façade and well-maintained grounds, the strong curb appeal of the approximately 15-year-old building is consistent with the many newly-developed commercial and residential properties in the vicinity.
Minimal Capital Exposure – given the age and condition of the building, the likelihood of meaningful, near-term capital required to address landlord-specific items is greatly mitigated.
Demographics – located within the City of Union, a fast-growing community in northern Kentucky, the property enjoys strong demographics with an estimated population of nearly 100,000 within a 5-mile radius (with projected growth of nearly 4% by 2029) and an average household income of $116,000.
Amenity Base – with a variety of dining, service providers and retailers in Union and nearby Florence, the property is ideally situated for both medical staff and patients.