492 Indian Mound Dr - Retail FOR SALE


Mount Sterling, KY 40353
$2,052,000 USD
332-345-4222
492 Indian Mound Dr, Mount Sterling, KY for Sale
$2,052,000 USD
Retail - FOR SALE
1/3
null | 7.1% Cap Rate

492 Indian Mound Dr
Mount Sterling, KY 40353


HIGHLIGHTS

  • 100% Occupied Two Tenant Retail Building Leased to T-Mobile and Koi Express Hibachi & Sushi.
  • Long Term Leases with Minimal Landlord Responsibilities T-Mobile is operating on a 10-year lease with approximately 7 years remaining
  • Newer 2021 Construction Priced Below Replacement Cost This is a new build with a 15-year warranty on the roof, priced below replacement cost

OVERVIEW

NNN Pro and Bang Realty are pleased to present the exclusive listing for a T-Mobile & Koi Express located at 492 Indian Mound Drive, Mount Sterling, Kentucky 40353. The site consists of roughly 4689 rentable square feet of building space on an estimated 1.21-acre parcel of land. This T-Mobile & Koi Express is subject to a 10-year Triple Net (NNN) lease, which commenced 1/1/2022. The current annual rent is $145,692 and has scheduled increases of 10.00% Every 5 Years.

FOR SALE DETAILS

PRICE

$2,052,000 USD

PRICE/SF

$438 USD /SF

CAP RATE

7.1%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

T-Mobile & Koi Express

PROPERTY TYPE

Retail

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2021

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

1.21 AC

LAND SF

52,708 SF

ZONING

B-2

APN/PARCEL ID

023-00-00-023.09

ASK ABOUT THIS PROPERTY

Glen KunofskyNNN Pro GroupMore Info
332-345-4222

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Glen KunofskyNNN Pro GroupMore Info
332-345-4222

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