5719 State Hwy Crestwood, KY 40014
- Specialty properties
- 9,967 SF
- 0.67 lot acres
Current Use by Public Records
- Specialty properties
Property Details for 5719 State Hwy
- Year built
- 1997
- Lot size
- 0.67 lot acres
- Property size
- 9,967 SF
- Property type
- Specialty properties
- Property subtype
- Schools
Description
This exceptional investment opportunity presents a 9,967 square foot, 100% occupied preschool in Crestwood, Kentucky. The property, built in 1997 and renovated in 2004, sits on a 0.67-acre lot at 5719 West State Highway 22, zip code 40014. The current tenant, Early Bird Education Group, a national operator with 30 locations, holds a 15-year Triple Net (NNN) lease with 2% annual rent bumps and four 5-year renewal options. This provides a secure, hands-off investment with zero landlord responsibilities. The property boasts a strong 7.00% cap rate and a Net Operating Income (NOI) of $160,000, with an asking price of $2,285,714 ($229.33 per square foot). The lease is backed by a corporate guarantee. The location benefits from a high average household income of $162,928 within a 5-mile radius, a population of 62,589 residents in the same area, and proximity to ten elementary schools. Crestwood's desirable suburban location, near Louisville and its international airport, further enhances the property's appeal. Significant local development, including a large housing development and a new hospital, supports continued population growth and strong demand. This is a rare opportunity to acquire a stable, high-performing asset in a thriving market.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Crestwood
- County
- Perry
- State
- Kentucky
- Longitude
- -85.4603
- Latitude
- 38.3278
