4750 Ky Route 321Hagerhill, KY 41222
- Office properties
- 6,802 SF
Property Details for 4750 Ky Route 321
- Year built
- 1980
- Construction
- TYPE NOT SPECIFIED
- Lot size
- 1.00 AC
- Property size (Sq ft)
- 6,802 SF
- Property type
- Office properties
- Property subtype
- Office buildings
- APN
- 055-00-00-015.15
- APU
- 55000001515
Description
This fee-simple investment opportunity presents a 6,240 square foot medical office building in Hagerhill, Kentucky. The property, located at 4750 S KY Route 321, sits on a 2.23-acre lot and boasts 47 parking spaces. Currently occupied by DaVita Kidney Care under a single-tenant, net lease agreement, this property offers a strong, passive income stream. The lease, originally commencing June 1, 2004, has a remaining term of 0.6 years, with two one-year renewal options. The lease includes a fixed 3.0% annual rent increase, providing protection against inflation and a steady increase in cash flow. The asking price is $698,158, representing a 10.00% capitalization rate and a NOI of $69,815. Built in 1980, this DaVita location is the only nephrology/dialysis clinic within a 30-mile radius, benefiting from a strong, underserved market and a long-standing tenant with a proven track record. The corporate guarantee provides significant security for the investor. This property is an excellent addition to any diversified investment portfolio, offering stability and growth potential in a recession-resistant sector. The property's prominent location on a major thoroughfare ensures high visibility and accessibility. The lease structure, coupled with the tenant's long history at this location and recent lease extension, demonstrates a commitment to the site and its continued success. This is a rare opportunity to acquire a well-established, high-performing medical office building with a strong tenant and significant upside potential.
Valuation
by Paperhouses methods
- Valuation date:
- Dec 11, 2024
-
CAP approach
- CAP return
- Valuation
- 6%
- $1,167,027
- 6.5%
- $1,077,256
- 7%
- $1,000,309
-
Comparable approach
- Method
- Valuation
- Relative Method
- $578,190
- Geo Method
- $844,740
-
Alternative Use
- Use
- Valuation
- Residential
- $1,335,797
- Hospitality
- $1,223,583
- Educational
- $1,018,007
- Medical
- $1,053,017
- Retail
- $1,583,566
Location Insight
- City
- Hagerhill
- County
- Johnson
- State
- Kentucky
- Latitude
- 37.7793
- Longitude
- -82.793
Property Tax & Assessments
Comparable in this City
Similar Nearby for Sale
FAQs
- How do I add a non-forward facing team member such as a broker coordinator or broker aide to a listing in order to ensure they get notifications on the property?
- Please email our support team at [email protected] and they will add the team member.
- How do I access a private listing?
- Please contact the broker directly with the information provided on the listing. Once the broker approves your credentials he will make the information public to you.
- How can I contact the broker?
- We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.
- How do I unsubscribe from emails?
- At the footer of each email you will find links to Reduce Email Frequency, Adjust Email Settings or Unsubscribe altogether. If you choose to Unsubscribe and are still receiving emails please reach out to us at [email protected].