239 12Th StMiddlesboro, KY 40965

Property Details for 239 12Th St

Year built

1996

Construction

STEEL FRAME

Property size (Sq ft)

5,428 SF

Property type

Commercial real estate

APN

082-20-00-001.00

APU

82200000100

Description

This exceptional investment opportunity presents a fee-simple ownership of a 4,500-square-foot, Class A retail building in Middlesboro, Kentucky. The property, located at 239 N 12th St (US 25), sits on a 0.69-acre lot and is 100% occupied by a Fast Pace Urgent Care Clinic under a corporate-guaranteed, true triple-net (NNN) lease. Built in 2017, the single-story building benefits from a prime location near Kroger and other national retailers. The current lease, commenced December 1, 2017, has a remaining term of approximately 8 years, with two 10-year renewal options. Each option period includes a 10% rent increase, providing significant long-term income growth. The current annual net operating income (NOI) is $165,000, yielding a 7.00% capitalization rate based on the asking price of $2,357,142. The lease includes a 10% rent bump every five years, ensuring consistent returns. This is a rare opportunity to acquire a stable, high-performing investment property with a strong tenant and favorable lease terms in a desirable location. The property offers a secure investment with substantial upside potential. All information is believed to be accurate but should be independently verified.

• Alternative Use

  Use

  Valuation

  Residential

  $1,065,967

  Hospitality

  $976,420

  Educational

  $812,370

  Medical

  $840,308

  Retail

  $1,263,686

Location Insight

City

Middlesboro

County

Bell

State

Kentucky

Latitude

36.6105

Longitude

-83.7026

CBSA code

33180

CBSA name

MIDDLESBOROUGH, KY MICROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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