Established Eye Care
6903-6909 Burlington, Florence, KY
Call to check price and availability
High-visibility eye care center in Florence, Kentucky for sale.
Type:OFFICE
Property size:
3,625 SFLot size:
2.61 AcresPrice / SF:
$175/SF- Added:
- Aug 21, 2025
- Days on Market:
- 275
- Last Refresh:
- Apr 5 at 9:32 pm
Property Features for 6903-6909 Burlington
General Information
- Standard status
- Active
- Size
- 3,625 SF
- Lot size
- 2.61 Acres
- Property subtype
- OFFICE
Listing agent Kyle Mackulak (262) 672-8388
Listing office Matthews Real Estate Investment Services (262) 672-8388
Listing date Aug 21, 2025
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 Matthews Real Estate Investment Services
HighLights
- Attractive NNN lease with 3% annual rent increases provides predictable and growing net operating income.
- Located in a top 30 MSA (Cincinnati) with strong demographics: over 150,000 residents and an average household income above $115,000 within a 5‑mile radius.
- Tenant is a well‑established regional operator (Bennett and Bloom Eye Centers) operating since 1987.
- Partnership with EyeCare Partners, backed by a $2.2 billion investment, ensures tenant's operational strength.
- High visibility and convenient access on Burlington Pike, a major commercial corridor.
- Thriving local economy anchored by healthcare and logistics.
Overview
This property is an established eye care center located in Florence, Kentucky, part of the Cincinnati metropolitan area. The property benefits from high visibility along Burlington Pike, a major commercial corridor, near national retailers, schools, and dense residential neighborhoods. The location offers convenient access and a strong local presence, enhancing patient volume. The surrounding area has high traffic counts and strong consumer activity. The property is located within a five-mile radius of over 150,000 residents with an average household income above $115,000. The local economy is thriving, anchored by healthcare and logistics, with major employers including St. Elizabeth Healthcare, Bosch, Amazon, and Costco. The property is supported by more than 20 physicians and is well known for comprehensive ophthalmology services including LASIK, cataract surgery, glaucoma care, and advanced retina treatments. The property is supported by a strong employment base that drives a steady daytime population and high demand for healthcare services in the area. The property is approximately 3,625 square feet.
Financial Insights
Value Estimation Calculated for Office B
Conservative
$509.0K
NOI $45,806 @ 9.00% cap · cautious / downside scenario
Moderate
$654.4K
NOI $45,806 @ 7.00% cap · market / base-case scenario
Aggressive
$916.1K
NOI $45,806 @ 5.00% cap · optimistic / upside scenario
NOI & Cap Rate Calculator
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.
Calculated for Office B
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $78.3k | $21.60 |
| − Vacancy | −$17.2k | −$4.75 |
| EGI | $61.1k | $16.85 |
| − OpEx | −$15.3k | −$4.21 |
| NOI | $45.8k | $12.64 |
3,625 SF · lease $21.60/SF/yr · vacancy 22.00% · expense 25.00%
Alternative Use Scenarios
Best Use
Office B
$654.4K
$572.6K – $763.4K
NOI $45,806 @ 7.0% cap · market cap 7.21%
Second Best
Healthcare Medical
$631.2K
$552.3K – $736.4K
NOI $44,181 @ 7.0% cap · market cap 6.96%
Theoretical Best
Office A
$999.3K
$874.4K – $1.17M
NOI $69,948 @ 7.0% cap · market cap 11.02%
Zoning and permitted uses should be independently verified with local authorities.
Location Intelligence
Current Use by Public Records
Medical Office Space
Similar Places Nearby
- PetVet365 Pet Hospital Florence — 7289 Turfway Rd, Florence, KY 41042
- Animal Eye Institute of Northern Kentucky — 6907 Burlington Pike, Florence, KY 41042
- Noah's Ark Animal Clinic of Florence — 7025 Burlington Pike, Florence, KY 41042
- Shelby Street Veterinary Hospital — 7220 Burlington Pike, Florence, KY 41042
- VetIQ Petcare — 4990 Houston Rd, Florence, KY 41042
Location Insight
- Map
- Local Demand
- City
- Florence
- County
- Boone
- State
- Kentucky
- Longitude
- -84.629
- Latitude
- 39.0091
Nearby Similar for Sale
FAQs
What type of property is this?
Medical Office Space - High-visibility eye care center in Florence, Kentucky for sale.
Where is this medical office space located?
The property is located at 6903-6909 Burlington Florence, KY.
What is the asking price?
The asking price for this property is $635,000.
What are key features of this property?
This property features: Attractive NNN lease with 3% annual rent increases provides predictable and growing net operating income.; Located in a top 30 MSA (Cincinnati) with strong demographics: over 150,000 residents and an average household income above $115,000 within a 5‑mile radius.; Tenant is a well‑established regional operator (Bennett and Bloom Eye Centers) operating since 1987.
