Listing Agency: JLL | Cincinnati Show Phone

Listed By: Bill Poffenberger, SIOR Show Phone

Source: Moodyscre

Added: Aug 12 Changed: Aug 15 Last Checked: Aug 15 at 5:22AM

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Investment Insights

Based on property information with market context.

This 6,720-square-foot NNN property is classified within the office-related commercial sector and is currently associated with an NNN rent structure. The asset is located at 108 Forbes Ct in Richmond, Kentucky. Current valuation information reflects an 8% cap rate.

Key Highlights

• 6,720 square feet of property size
• Existing NNN rent structure
• 8% cap rate reflected in current valuation

Property Analytics

Property Profile

Current Use

Tower Access Group Telecommunications Service

Suggested Use

Top Pick Law Firm Restaurant Real Estate Agency Building Supply Big Box & Wholesale Store Electrical Service

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

335

Businesses Nearby

Explore this area Business Placement

Demographics for 40475, KY

62,531

Population

28,118

Households

2.2

Avg Household Size

35

Median Age

37%

College-Educated

93%

High-School Grad

287.3 sq mi

ZIP Area

218

Density / Sq Mi

$62,731

Median Household Income

$35,102

Median Earnings

$863

Median Rent

$232,700

Median Home Value

Market

Vacancy Rate% for Office in South region

14.4% 2019

16.4% 2020

17.3% 2021

18% 2022

18.6% 2023

20.3% 2024

20.2% 2025

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Frequently Asked Questions

What type of property is this?

NNN property - Commercial property with an existing NNN lease structure and office-related use classification.

Where is this nnn property located?

The property is located at 108 Forbes Ct Richmond, KY.

What are key features of this property?

This property features: 6,720 square feet of property size; Existing NNN rent structure; 8% cap rate reflected in current valuation