For Sale
$5,870,000

329 Floyd DrCarrollton, KY 41008

Triple-Net Lease, 20,360 SF, 6% Cap Rate

Overview

Added:
Dec 11, 2024
Days on market:
116
This exceptional Class A medical office building in Carrollton, Kentucky presents a compelling investment opportunity. The 20,360 square foot, two-story building, constructed in 2011, boasts 100% occupancy with three credit tenants under a triple-net (NNN) lease. The tenant mix includes an urgent care center, a dialysis clinic (the only one in the area), and a large regional medical group, all with a proven track record of over 10 years in the property. This sale-leaseback structure offers long-term stability and predictable cash flow, further enhanced by built-in rent bumps. The property's strong rural location provides a unique market advantage. The asking price is $5,870,000, representing a 6.00% cap rate and a pro-forma cap rate of 6.20%. The price per square foot is $288.31. Owner financing may be available. A non-disclosure agreement (NDA) is required for access to detailed financial information. This is a rare opportunity to acquire a high-quality, stable medical office investment in a desirable Kentucky market.

Highlights

  • Class A, 20,360 SF medical office building in Carrollton, KY, built in 2011.
  • 100% occupancy with three credit tenants under a triple-net (NNN) lease.
  • Sale-leaseback structure with long-term tenants and built-in rent increases.
  • Asking price: $5,870,000, 6.00% cap rate (pro-forma 6.20%), $288.31/SF.
  • Owner financing may be available.

Property Details for 329 Floyd Dr

Property type
Office properties, Medical offices
Square Feet
20,360 SF
Class
A
Year Built
2011
Buildings
1
Stories
2

Location Insight

City
Carrollton
County
Carroll
State
Kentucky
Latitude
38.6593804
Longitude
-85.1328055
329 Floyd Dr, Carrollton, Kentucky

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329 Floyd Dr
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