2 Tesseneer Dr, Highland Heights, KY 41076
100% net-leased, investment-grade tenant with annual rent increases and direct interstate access.
- Added:
- Jun 9, 2026
- Days on Market:
- 7
- Last Refresh:
- Jun 13 at 3:07 am
Property Features for 2 Tesseneer Dr
General Information
- Standard status
- Active
- Size
- 71,620 SF
- Property subtype
- OFFICE
Listing agent Phillip Butts License #159239 (918) 991-4341
Listing office Colliers | Tulsa (918) 856-5522
Listing date Jun 9, 2026
Source Moodyscre
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 Colliers | Tulsa
HighLights
- 100% net‑leased with an investment‑grade tenant rated A- by Standard & Poor’s
- Annual rent increases included in the lease structure
- Direct interstate access
Overview
The site is located at 2 Tesseneer Dr in Highland Heights, Kentucky, with direct interstate access noted in the materials. The property is also described as adjacent to a Division 1 university, positioning it within an institutional market area.
For buyers, the combination of a fully net-leased income stream and investment-grade tenant credit is tailored to investors seeking lower day-to-day operational involvement. For brokers and tenants evaluating space in the same market, the building’s direct interstate access and proximity to a Division 1 university provide practical considerations for tenant visibility and connectivity. The seller also states the rent is below market, which may be relevant to underwriting and comparative analysis.
Local Financial Insights For Office B
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $1.55M | $21.60 |
| − Vacancy | −$309.4k | −$4.32 |
| EGI | $1.24M | $17.28 |
| − OpEx | −$309.4k | −$4.32 |
| NOI | $928.2k | $12.96 |
Alternative Uses
Current Use by Public Records
Location Insight
- Map
- Local Demand
- City
- Highland Heights
- County
- Campbell
- State
- Kentucky
- Longitude
- -84.4640388
- Latitude
- 39.0427536
