For Sale
$2,081,314

492 Indian Mound DrMount Sterling, KY 40353

Multi-Tenant NNN Lease, 7% Cap Rate

Overview

Added:
Dec 11, 2024
Days on market:
116
This exceptional investment opportunity presents a fully occupied, two-tenant retail building in Mount Sterling, Kentucky. The property, constructed in 2021, boasts 4,689 square feet on a 1.21-acre lot at 492 Indian Mound Dr, 40353. Anchored by T-Mobile and Koi Express Hibachi & Sushi, both tenants are operating under long-term net lease agreements (NNN). T-Mobile's 10-year lease commenced January 1, 2022, with approximately 7.1 years remaining. Koi Express also holds a 10-year lease, with approximately 9 years remaining. The property offers a strong 7.00% cap rate and a substantial net operating income (NOI) of $145,692. The building benefits from a 15-year roof warranty and is priced below replacement cost. This is a fee-simple ownership opportunity with minimal landlord responsibilities, making it an attractive addition to any portfolio. The property's strong tenant mix, long-term leases, and favorable financial metrics make it an ideal investment for discerning buyers seeking stable, passive income. The 100% occupancy ensures immediate cash flow, while the below-replacement-cost pricing offers significant potential for appreciation. This is a turnkey investment ready for immediate ownership.

Highlights

  • 100% occupied, two-tenant retail building leased to T-Mobile and Koi Express Hibachi & Sushi.
  • Long-term NNN leases; T-Mobile has ~7 years remaining, Koi Express has ~9 years remaining on their 10-year leases.
  • 2021 construction, 4,689 SF on 1.21 acres, priced below replacement cost; 15-year roof warranty.

Property Details for 492 Indian Mound Dr

Property type
Lifestyle centers, Power centers
Square Feet
4,689 SF
Year Built
2021
Lot Size (sq. ft)
52,708 SF

Location Insight

City
Mount Sterling
County
Montgomery
State
Kentucky
Latitude
38.0688204
Longitude
-83.954776
492 Indian Mound Dr, Mount Sterling, Kentucky

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492 Indian Mound Dr
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