For Sale
$2,145,000

103 Barnes RdWilliamstown, KY 41097

Kentucky Medical Retail Investment Opportunity

Overview

Added:
Dec 11, 2024
Days on market:
116
This fee-simple, 16,385 square-foot shopping center in Williamstown, Kentucky, offers a compelling investment opportunity. Anchored by a credit-rated DaVita Dialysis clinic, the property boasts 95% occupancy and a strong NOI of $186,389, resulting in an 8.53% cap rate. The six-unit center features a mix of medical and neighborhood service tenants, providing diversified income streams. Built in 2008, the property sits on a 2.34-acre lot with commercial zoning. The lease structure is net-net, with staggered lease rollovers and built-in rent increases. Its convenient location, less than a quarter-mile from I-75, ensures high visibility and accessibility, serving the suburbs of both Cincinnati and Lexington. The property's strong tenant mix, including a major credit-rated anchor tenant, presents a stable and attractive investment profile for a 1031 exchange. The asking price is $2,145,000.

Highlights

  • 94.2% occupied medical and retail multi-tenant property.
  • 16,385 square feet on +/- 2.34 acres, conveniently located between Cincinnati and Lexington, KY, serving their suburbs.
  • Major tenants include DaVita, Children's Home of Northern Kentucky, Care Net Pregnancy Services, and Subway.
  • Strong anchor tenant DaVita, a financially stable company with significant revenue and net income, and a Ba2 rating.
  • Staggered lease expirations provide a stable investment opportunity with near full occupancy.

Property Details for 103 Barnes Rd

Property type
Lifestyle centers, Power centers
Square Feet
16,385 SF
Class
B
Lot Size (sq. ft)
101,930 SF
Units
6

Location Insight

City
Williamstown
County
Grant
State
Kentucky
Latitude
38.6524485
Longitude
-84.5744197
103 Barnes Rd, Williamstown, Kentucky

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103 Barnes Rd
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