For Sale
$2,145,000

103 Barnes Rd Williamstown, KY 41097

Kentucky Medical Retail Investment Opportunity

Overview

Added:
Dec 11, 2024
Days on market:
137
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

FAQs

What type of property is this?
Lifestyle center - Kentucky Medical Retail Investment Opportunity
Where is the lifestyle center located?
The property is located at 103 Barnes Rd Williamstown, KY.
What is the asking price?
The asking price for this property is $2,145,000.
What are key features of this property?
This property features: 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.
How can I contact the broker?
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103 Barnes Rd
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