3 Hoop Dr Walton, KY 41094
- Warehouses
- 26,600 SF
- 11.50 lot acres
Current Use by Public Records
- Warehouses
Property Details for 3 Hoop Dr
- Lot size
- 11.50 lot acres
- Property size
- 26,600 SF
- Property type
- Warehouses
- Property subtype
- Industrial properties
Description
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.
Value Estimation
-
CAP approach
-
Comparable approach
-
Alternative Use
Location Insight
- Map
- Local Demand
- City
- Walton
- County
- Boone
- State
- Kentucky
- Longitude
- -84.6032
- Latitude
- 38.893
