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7435 Industrial Rd Florence, KY 41042

Class A Distribution Center, NNN Lease

Overview

Added:
Dec 11, 2024
Days on market:
138
This exceptional investment opportunity presents a 123,769-square-foot Class A distribution facility in Florence, Kentucky. The property, built in 2022, is situated on 27 acres and boasts a 32-foot ceiling height, 11 loading docks, and ample parking, including space for 185 electric vans. Currently 100% occupied by Amazon under a triple-net (NNN) lease with a credit-rated tenant, the lease extends until November 29, 2034, offering a remaining term of over 10 years. The lease includes a 2% annual rent bump, providing inflation protection. The property benefits from a prime location in Boone County, Kentucky, offering easy access to Interstates 75 and 71, and proximity to the Cincinnati/Northern Kentucky Airport and Amazon Prime Air Hub. This strategically located facility is within 600 miles of 65% of the U.S. population, making it ideal for last-mile delivery operations. The current Net Operating Income (NOI) is $2,532,342. The lease structure is passive, with the tenant responsible for most maintenance and capital replacements. The property offers a rare opportunity to acquire a high-quality, strategically located asset with a long-term lease to a financially strong tenant. Lease options for extensions of 4 or 5 years are available. This is a turnkey investment with significant long-term value.

Highlights

  • Landlord responsible for capital replacements; warranties transferable at closing; tenant pays for all wear and tear; buyer can charge management fees.
  • 10+ years remaining on corporate-guaranteed Amazon lease (S&P AA rating); annual rent increases and management fees provide inflation protection.
  • 2022 construction; 32' clear height; ample parking including 185 EV spaces; concrete tilt-up construction; warranties on major systems.
  • Excellent location in Cincinnati/Northern Kentucky; strong logistics market; major highway access; international airport proximity; low-cost labor.
  • Strategic location within 600 miles of 65% of US population; over 100 logistics companies in area; low Boone County taxes.
  • Critical to Amazon's operations; fully occupied since summer 2024.

Property Details for 7435 Industrial Rd

Property type
Industrial properties, Distribution centers
Square Feet
123,769 SF
Class
A
Year Built
2022
Buildings
1
Lot Size (sq. ft)
1,176,120 SF

Location Insight

City
Florence
County
Boone
State
Kentucky
Latitude
38.9810166
Longitude
-84.6344725

FAQs

What type of property is this?
Industrial property - Class A Distribution Center, NNN Lease
Where is the industrial property located?
The property is located at 7435 Industrial Rd Florence, KY.
What are key features of this property?
This property features: Landlord responsible for capital replacements; warranties transferable at closing; tenant pays for all wear and tear; buyer can charge management fees.; 10+ years remaining on corporate-guaranteed Amazon lease (S&P AA rating); annual rent increases and management fees provide inflation protection.; 2022 construction; 32' clear height; ample parking including 185 EV spaces; concrete tilt-up construction; warranties on major systems.
How can I contact the broker?
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7435 Industrial Rd
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