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 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
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332-345-4222
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332-345-4222
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