329 Floyd DrCarrollton, KY 41008

Property Details for 329 Floyd Dr

Year built

2011

Lot size

2.06 AC

Property size (Sq ft)

21,410 SF

Property type

Other commercial real estate

APN

23-97-02

APU

239702

Description

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.

• Alternative Use

  Use

  Valuation

  Residential

  $4,374,924

  Hospitality

  $4,007,407

  Educational

  $3,334,116

  Medical

  $3,448,781

  Retail

  $5,186,402

Location Insight

City

Carrollton

County

Carroll

State

Kentucky

Latitude

38.6598

Longitude

-85.1314

Property Tax & Assessments

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