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200 Letton Dr Paris, KY 40361

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For Sale
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NNN Leased Retail Investment, High ROI

Property size:
3,726 SF

Property Features for 200 Letton Dr

General Information

Property type
Individual retail properties
Square Feet
3,726 SF
Lot Size
40,511 SF

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Listing Contact
Eric Carlton
Eric Carlton

Listing Agency: Colliers Listing Agent: Eric Carlton

Displayed information is deemed reliable but is not guaranteed and should be independently verified.

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Overview

This exceptional investment opportunity presents a 3,726 square foot, single-tenant retail building fully occupied by Fast Pace Health Urgent Care. Located in Paris, Kentucky, at 200 Letton Dr, this property sits on a 0.93-acre lot (APN: 026-00-00-021.09) and boasts a prominent location on a signalized intersection with high traffic volume exceeding 29,700 vehicles per day. The property benefits from a strong tenant in Fast Pace Health, a rapidly expanding urgent care provider with over 250 clinics across six states. The current Net Lease (NNN) agreement features a 14.4-year remaining term (commencing November 9, 2023, and expiring March 31, 2039), with three 5-year option periods and 10% rent increases every five years. The lease provides minimal landlord responsibilities, ensuring a low-maintenance investment. The property's Net Operating Income (NOI) is $200,000, resulting in a 6.55% capitalization rate. The asking price is $3,055,000, translating to $819.91 per square foot. Nearby retailers include Walmart Supercenter, Save A Lot, Tractor Supply Co., DaVita Dialysis, McDonald's, and Taco Bell, further enhancing the property's desirability and potential for long-term value appreciation. This is a rare opportunity to acquire a stable, high-performing investment with significant upside potential in a growing market.
Property Profile Location Intelligence

Current Use by Public Records

Fast Pace Health ... Medical Clinic

Suggested Use

Real Estate Agency Law Firm Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Auto Repair Shop Gym & Fitness Center

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

Location Insight

  • Map
  • Local Demand
City
Paris
County
Bourbon
State
Kentucky
Longitude
-84.2750066
Latitude
38.1950841

FAQs

What type of property is this?
Individual retail property - NNN Leased Retail Investment, High ROI
Where is this individual retail property located?
The property is located at 200 Letton Dr Paris, KY.
What is the asking price?
The asking price for this property is $3,055,000.
What are key features of this property?
This property features: Brand new 15-year NNN corporate lease with Fast Pace Urgent Care, a rapidly expanding private company.; High-traffic location in a dense retail area with major retailers nearby.; Located in Paris, KY, a fast-growing suburban city with strong demographics.
(949) 724-5561 Call to check price and availability
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