Medical Office
460 E Brannon Rd Nicholasville, KY 40356
460 E Brannon Rd, Nicholasville, KY, 40356
Contact for pricing
For Sale
Contact for pricing
Built in 2014 on a corner lot, this NNN medical office is leased with a renewal through 2031.
Property Size7,000 SF
Lot Size1.10 Acres
Price / SF$271.43
Days on Market116
Property Features for 460 E Brannon Rd
General Information
- Standard status
- Active
- Size
- 7,000 SF
- Lot size
- 1.10 Acres
- Property subtype
- Retail
Building Details
- Year Built
- 2014
Listing agency
The Gibson Company Commercial Real Estate
(859) 321-3552
Listed by
Christa Collins, CCIM · License #KY 239962
Source
Crexi
Added: Mar 29 Updated: Jul 22 at 1:34AM Checked: Jul 22 at 1:34AM
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 The Gibson Company Commercial Real Estate
Investment Insights
Based on property information with market context.
This absolute NNN investment property is a medical office building constructed in 2014. The current tenant is a regional physical therapy group with a fresh five-year renewal in place from April 1, 2026 through March 31, 2031.
The property is situated on a corner lot in front of the Marcus Brannon Crossing Cinema. The building totals 7,000 SF.
Under the NNN structure, the tenant is responsible for Common Area Maintenance, property tax, building insurance, HVAC, parking lot, roof, and structure.
The property is situated on a corner lot in front of the Marcus Brannon Crossing Cinema. The building totals 7,000 SF.
Under the NNN structure, the tenant is responsible for Common Area Maintenance, property tax, building insurance, HVAC, parking lot, roof, and structure.
Key Highlights
- Built in 2014: 7,000 SF NNN medical office on a 1/1 AC corner lot in Brannon Crossing
- Lease renewal in place for a thriving regional PT group: April 1, 2026 through March 31, 2031
- NNN income figures: Years 1 & 2 NOI $129,600; Years 3‑5 NOI $132,000
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 | $151.2k | $21.60 |
| − Vacancy | −$20.0k | −$2.85 |
| EGI | $131.2k | $18.75 |
| − OpEx | −$32.8k | −$4.69 |
| NOI | $98.4k | $14.06 |
7,000 SF · lease $21.60/SF/yr · vacancy 13.20% · expense 25.00%
Alternative Uses
Best Use
Office B
$1.41M
$1.23M – $1.64M
NOI $98,431 @ 7.0% cap · market cap 5.18%
Second Best
Healthcare Medical
$1.06M
$927.4K – $1.24M
NOI $74,189 @ 7.0% cap · market cap 3.90%
Theoretical Best
Office A
$1.77M
$1.55M – $2.07M
NOI $124,186 @ 7.0% cap · market cap 6.54%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Performance Physical Therapy
Physician
Cynthia Crook
Physician
Erin Vanzanten
Physician
Scott Crook
Physician
Orthopedic and Sports Physical ...
Physician
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FAQs
What type of property is this?
NNN property - Built in 2014 on a corner lot, this NNN medical office is leased with a renewal through 2031.
Where is this nnn property located?
The property is located at 460 E Brannon Rd Nicholasville, KY.
What is the asking price?
The asking price for this property is $1,900,000.
What are key features of this property?
This property features: Built in 2014: 7,000 SF NNN medical office on a 1/1 AC corner lot in Brannon Crossing; Lease renewal in place for a thriving regional PT group: April 1, 2026 through March 31, 2031; NNN income figures: Years 1 & 2 NOI $129,600; Years 3‑5 NOI $132,000
