Absolute NNN Medical
For Sale
Contact for pricing
Pending
119 Trade Park Drive, Somerset, KY 42503
Fresenius lease has 8.5 years remaining with annual CPI increases capped at 2%.
Property SizeContact for details
Days on Market142
Property Features for 119 Trade Park Drive
General Information
Standard status
Pending
Property subtype
Office, Retail
Building Details
Tenancy
Single
Listing Agency:
Fortis Net Lease
Listed By:
Patrick Hammond · License #MI 6501373051
Source:
Crexi
Added: Apr 13
Changed: Aug 30
Last Checked: Aug 31 at 1:00PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Fortis Net Lease
Investment Insights
Based on property information with market context.
Located at 119 Trade Park Drive in Somerset, Kentucky, this healthcare property is occupied by Fresenius Medical Care under an absolute NNN lease. The tenant has operated at the site for over 25 years, and the agreement provides 8.5 years of remaining term with annual rent adjustments linked to CPI and capped at 2%. Fresenius Medical Care carries an S&P rating of BBB-.
The lease assigns property taxes, insurance, and maintenance obligations directly to the tenant, leaving no landlord responsibility for those operating costs. The property is near MedPark West, a 54-acre professional center with 19 medical tenants, and adjacent to Lake Cumberland Regional Hospital, which has 295 beds. The surrounding healthcare presence and established tenant operations define the asset’s commercial setting.
The lease assigns property taxes, insurance, and maintenance obligations directly to the tenant, leaving no landlord responsibility for those operating costs. The property is near MedPark West, a 54-acre professional center with 19 medical tenants, and adjacent to Lake Cumberland Regional Hospital, which has 295 beds. The surrounding healthcare presence and established tenant operations define the asset’s commercial setting.
Key Highlights
- Absolute NNN lease with tenant responsibility for taxes, insurance, and maintenance
- Fresenius Medical Care has operated at the location for over 25 years
- 8.5 years remaining on the lease
Property Analytics
Property Profile
Current Use
Lease Details
Single-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
1,245
Businesses Nearby
Explore this area
Business Placement
Demographics for 42503, KY
24,670
Population
11,588
Households
2.1
Avg Household Size
42
Median Age
23%
College-Educated
85%
High-School Grad
129.5 sq mi
ZIP Area
191
Density / Sq Mi
$53,377
Median Household Income
$35,319
Median Earnings
$873
Median Rent
$198,500
Median Home Value
Market
Vacancy Rate% for Office in South region
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Frequently Asked Questions
What type of property is this?
NNN property - Fresenius lease has 8.5 years remaining with annual CPI increases capped at 2%.
Where is this nnn property located?
The property is located at 119 Trade Park Drive Somerset, KY.
What are key features of this property?
This property features: Absolute NNN lease with tenant responsibility for taxes, insurance, and maintenance; Fresenius Medical Care has operated at the location for over 25 years; 8.5 years remaining on the lease
