For Sale
$5,341,219

23 Wilson RdRadcliff, KY 40160

High-Yield NNN Medical Office Investment

Overview

Added:
Dec 11, 2024
Days on market:
116
This exceptional investment opportunity presents a brand-new, 6,388 square foot medical office building in Radcliff, Kentucky. Located at 23 S Wilson Rd, this property boasts a 20-year absolute triple-net (NNN) lease with a corporate guarantee from Join Parachute, a rapidly expanding company with plans for significant future growth. The lease features attractive 2% annual rent increases beginning in year seven, ensuring consistent income growth and long-term value. The building, completed in 2024, sits on a 1.39-acre lot and currently generates a substantial net operating income (NOI) of $400,591, representing a compelling 7.50% cap rate on the $5,341,219 asking price. The tenant, Parachute Plasma, operates within the thriving $28 billion plasma industry, experiencing a robust 7.3% compound annual growth rate. This investment offers exceptional stability, predictable income growth, and exposure to a dynamic and expanding sector. The single-tenant occupancy ensures minimal management responsibilities, making this an ideal addition to any portfolio seeking strong returns and long-term security. The property's location in Hardin County, Kentucky, provides convenient access to a growing population base. This is a rare opportunity to acquire a high-quality, net-leased medical office building with significant upside potential.

Highlights

  • $5,341,219 asking price for a 6,388 SF medical office building in Radcliff, KY.
  • 20-year absolute triple-net (NNN) lease with no landlord responsibilities.
  • 2.00% annual rent increases beginning in year seven.
  • Corporate guarantee from Join Parachute, a growing company with plans for significant expansion.
  • Investment in the growing plasma industry, currently a $28B market with a 7.3% CAGR.

Property Details for 23 Wilson Rd

Property type
Office properties, Medical offices
Square Feet
6,388 SF
Year Built
2024
Lot Size (sq. ft)
60,548 SF

Location Insight

City
Radcliff
County
Hardin
State
Kentucky
Latitude
37.839613
Longitude
-85.9386299
23 Wilson Rd, Radcliff, Kentucky

FAQs

How do I add a non-forward facing team member such as a broker coordinator or broker aide to a listing in order to ensure they get notifications on the property?
Please email our support team at [email protected] and they will add the team member.
How do I access a private listing?
Please contact the broker directly with the information provided on the listing. Once the broker approves your credentials he will make the information public to you.
How can I contact the broker?
We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.
How do I unsubscribe from emails?
At the footer of each email you will find links to Reduce Email Frequency, Adjust Email Settings or Unsubscribe altogether. If you choose to Unsubscribe and are still receiving emails please reach out to us at [email protected].
23 Wilson Rd
Thanks! Your message was sent.
Error! Your message wasn't sent.
Please enter your first name
Please enter your last name
Please enter email
Please enter the email in the correct format
Please enter phone
Please enter the number in the correct format
Select size
Please enter message