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23 Wilson Rd Radcliff, KY 40160

OFF-MARKET Office Spaces Google Maps
6,388 SF 1.39 ac lot Built 2024
Estimated value
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Property ID

Property summary

AI-generated overview

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

Verified
Property type Office Spaces
Year built 2024
Total area 6,388 SF
Lot 1.39 ac (60,548 SF)

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Value estimations

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Owner & transaction history

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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