7435 Industrial Rd Florence, KY 41042
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Class A Distribution Center, NNN Lease
Property size:
123,769 SFProperty Features for 7435 Industrial Rd
General Information
- Property type
- Distribution properties
- Square Feet
- 123,769 SF
- Class
- A
- Lot Size
- 1,176,120 SF
Building Details
- Year Built
- 2022
- Buildings
- 1
Listing Agency: Stream Capital Partners Listing Agent: Phil Digennaro
Displayed information is deemed reliable but is not guaranteed and should be independently verified.
Overview
This exceptional investment opportunity presents a 123,769-square-foot Class A distribution facility in Florence, Kentucky. The property, built in 2022, is situated on 27 acres and boasts a 32-foot ceiling height, 11 loading docks, and ample parking, including space for 185 electric vans. Currently 100% occupied by Amazon under a triple-net (NNN) lease with a credit-rated tenant, the lease extends until November 29, 2034, offering a remaining term of over 10 years. The lease includes a 2% annual rent bump, providing inflation protection. The property benefits from a prime location in Boone County, Kentucky, offering easy access to Interstates 75 and 71, and proximity to the Cincinnati/Northern Kentucky Airport and Amazon Prime Air Hub. This strategically located facility is within 600 miles of 65% of the U.S. population, making it ideal for last-mile delivery operations. The current Net Operating Income (NOI) is $2,532,342. The lease structure is passive, with the tenant responsible for most maintenance and capital replacements. The property offers a rare opportunity to acquire a high-quality, strategically located asset with a long-term lease to a financially strong tenant. Lease options for extensions of 4 or 5 years are available. This is a turnkey investment with significant long-term value.
Property Profile
Insight Report
Location Intelligence
Current Use by Public Records
Distribution centers
Location Insight
- Map
- Local Demand
- City
- Florence
- County
- Boone
- State
- Kentucky
- Longitude
- -84.6344725
- Latitude
- 38.9810166
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FAQs
What type of property is this?
Distribution property - Class A Distribution Center, NNN Lease
Where is this distribution property located?
The property is located at 7435 Industrial Rd Florence, KY.
What are key features of this property?
This property features: Landlord responsible for capital replacements; warranties transferable at closing; tenant pays for all wear and tear; buyer can charge management fees.; 10+ years remaining on corporate-guaranteed Amazon lease (S&P AA rating); annual rent increases and management fees provide inflation protection.; 2022 construction; 32' clear height; ample parking including 185 EV spaces; concrete tilt-up construction; warranties on major systems.