23 Wilson Rd Radcliff, KY 40160
- Office Properties & Spaces
- 6,388 SF
- 1.39 lot acres
Current Use by Public Records
- Office Properties & Spaces
Property Details for 23 Wilson Rd
- Year built
- 2024
- Lot size
- 1.39 lot acres
- Property size
- 6,388 SF
- Property type
- Office Properties & Spaces
- Property subtype
- Medical offices
Description
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.
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
- Radcliff
- County
- Hardin
- State
- Kentucky
- Longitude
- -85.9386
- Latitude
- 37.8396
