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    7435 Industrial Rd Florence, KY 41042

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    For Sale
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    Class A Distribution Center, NNN Lease

    Property size:
    123,769 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    391
    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 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

    HighLights

    • 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.
    • Excellent location in Cincinnati/Northern Kentucky; strong logistics market; major highway access; international airport proximity; low‑cost labor.
    • Strategic location within 600 miles of 65% of US population; over 100 logistics companies in area; low Boone County taxes.
    • Critical to Amazon's operations; fully occupied since summer 2024.
    Property Profile Location Intelligence

    Current Use by Public Records

    Distribution centers

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Spa & Massage Dental Office Wholesale Shop Auto Repair Shop Hair Salon Clothing Store

    Zoning and permitted uses should be independently verified with local authorities.

    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.
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    7435 Industrial Rd Florence, KY 41042
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    7435 Industrial Rd Florence, KY 41042
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