3937 Winston AveCovington, KY 41015

Property Details for 3937 Winston Ave

Year built

1989

Lot size

0.46 AC

Property size (Sq ft)

4,328 SF

Property type

Retail properties

Property subtype

Banks

APN

056-14-11-005.02

APU

56141100502

Description

This exceptional investment opportunity presents a single-tenant, absolute NNN leased retail property located at 3937 Winston Ave, Covington, KY 41015. The property, a 4,381 square foot building on a 0.465-acre lot, is currently occupied by US Bank, a highly reputable and financially stable tenant. Built in 1974, this one-story structure boasts a prominent location, ensuring high visibility and accessibility. The current lease with US Bank extends through 2029, providing investors with long-term stability and predictable cash flow. The property is zoned TUMU and offers a secure investment with a strong tenant history exceeding 50 years. This is a rare opportunity to acquire a well-established, passively managed income stream in a desirable Kentucky location. The asking price for this net lease investment is $1,550,000. The property's single-tenant occupancy minimizes management complexities, making it an attractive option for passive investors seeking a reliable return. The long-term lease provides financial security and predictable income, while the prime location and strong tenant history further enhance its investment appeal. This is a turnkey investment ready for immediate income generation.

• CAP approach

  CAP return

  Valuation

  6%

  $547,524

  6.5%

  $505,407

  7%

  $469,306

• Comparable approach

  Method

  Valuation

  Relative Method

  $1,354,486

  Geo Method

  $1,354,486

• Alternative Use

  Use

  Valuation

  Residential

  $426,329

  Hospitality

  $390,515

  Educational

  $324,904

  Medical

  $336,078

  Retail

  $505,407

Location Insight

City

Covington

County

Kenton

State

Kentucky

Latitude

39.0442

Longitude

-84.5054

CBSA code

17140

CBSA name

CINCINNATI-MIDDLETOWN, OH-KY-IN METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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