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    3 Hoop Dr Walton, KY 41094

    Sponsored
    For Sale
    Contact for pricing

    High-demand industrial building with strong tenant.

    Property size:
    26,600 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional investment opportunity presents a 26,600-square-foot industrial warehouse situated on an expansive 11.5-acre lot in Walton, Kentucky. The property boasts a newly constructed (2022) facility featuring 14,800 square feet of office space and 11,800 square feet of warehouse space. A significant advantage is the presence of a global credit tenant under a seven-year lease commencing in April 2022, providing immediate and consistent cash flow. The lease includes two five-year renewal options, ensuring long-term stability. Annual rent increases of 2.75% are built into the lease agreement, offering protection against inflation. The property also features a paved, secure lot with ample outdoor storage. Further enhancing this investment's appeal is the availability of an assumable loan with a below-market interest rate of 3.70%, significantly reducing acquisition costs. This turnkey investment is ready for immediate ownership and offers a compelling combination of strong tenancy, attractive financing, and significant upside potential. Offers are currently being accepted. Located in Boone County, KY, zip code 41094, this property is strategically positioned for continued growth and success.

    Property Features for 3 Hoop Dr

    General Information

    Property type
    Distribution properties
    Square Feet
    26,600 SF
    Lot Size
    500,940 SF

    HighLights

    • 2022 New Construction.
    • 26,600 SF building on an 11.5‑acre lot.
    • Secure paved lot with outdoor storage.
    • 14,800 SF of office space and 11,800 SF of warehouse space.
    • Investment‑grade tenant with long‑term lease.
    • Seven‑year lease commencing April 2022 with 2.75% annual rent increases.
    Property Profile Location Intelligence

    Current Use by Public Records

    Distribution centers

    Suggested Use

    Restaurant Realty agency Wholesale Shop Auto Repair Shop Clothing Store Pharmacy Auto Parts Store Kitchen & Bath Discount Store Daycare Center

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

    Location Insight

    • Map
    • Local Demand
    City
    Walton
    County
    Boone
    State
    Kentucky
    Longitude
    -84.6032125
    Latitude
    38.8929672

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    FAQs

    What type of property is this?
    Distribution property - High-demand industrial building with strong tenant.
    Where is this distribution property located?
    The property is located at 3 Hoop Dr Walton, KY.
    What are key features of this property?
    This property features: 2022 New Construction.; 26,600 SF building on an 11.5-acre lot.; Secure paved lot with outdoor storage.
    Request Owner's contact information
    3 Hoop Dr Walton, KY 41094
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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
    3 Hoop Dr Walton, KY 41094
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