Property summary
This exceptional investment opportunity presents a brand-new, 6,388 square foot medical office building in Radcliff, Kentucky. Located at 23 S Wilson Rd, this property boasts a 20-year absolute triple-net (NNN) lease with a corporate guarantee from Join Parachute, a rapidly expanding company with plans for significant future growth. The lease features attractive 2% annual rent increases beginning in year seven, ensuring consistent income growth and long-term value. The building, completed in 2024, sits on a 1.39-acre lot and currently generates a substantial net operating income (NOI) of $400,591, representing a compelling 7.50% cap rate on the $5,341,219 asking price. The tenant, Parachute Plasma, operates within the thriving $28 billion plasma industry, experiencing a robust 7.3% compound annual growth rate. This investment offers exceptional stability, predictable income growth, and exposure to a dynamic and expanding sector. The single-tenant occupancy ensures minimal management responsibilities, making this an ideal addition to any portfolio seeking strong returns and long-term security. The property's location in Hardin County, Kentucky, provides convenient access to a growing population base. This is a rare opportunity to acquire a high-quality, net-leased medical office building with significant upside potential.
Property profile
VerifiedCap rate & NOI
Value estimations
Owner & transaction history
Comparables
6 recent transactions · within 1.5 miComparable in this City
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Value estimation
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Cap rate
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from $99/month
Property description
Physical attributes from public recordsZoning & alternative use
Zoning
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