625 Three Springs Rd Bowling Green, KY 42104
Property profile & analytics
Location Intelligence
Current Use by Public Records
- Simon Dentistry / Dental Office
- Dr. Daniel Simon / Dental Office
- Dr. Staci Greer / Dental Office
- Dr. Leslie Campbell / Dental Office
Property Details for 625 Three Springs Rd
- Year built
- 2007
- Lot size
- 1.23 lot acres
- Property type
- Office Spaces
- Property subtype
- Medical Office Space
Description
This exceptional Class A medical office building, located at 625 Three Springs Rd, Bowling Green, KY 42104, presents a compelling investment opportunity. The property boasts 6,262 square feet of net rentable space, currently 100% occupied by a single tenant under a 10-year net lease (NN+) commencing July 21, 2023, and expiring July 31, 2033, with 2-5 year lease options. The tenant is a large, established Dental Service Organization (DSO) with hundreds of locations nationwide, ensuring strong financial stability and predictable cash flow. Built in 2007 and renovated in 2016, the single-story building sits on a 1.23-acre lot and includes 35 parking spaces. The property offers a strong 6.00% cap rate with a current NOI of $152,000 and an asking price of $2,533,000 ($404.44/sq ft). The property is zoned HB and benefits from annual rent bumps. This is a rare opportunity to acquire a high-quality, income-producing medical office building with a long-term lease and significant upside potential in a thriving Kentucky market. The sale is for a leaseback arrangement, offering a secure and stable investment.
Value Estimations
based on Realmo’s proprietary methodology
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AI approach
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Bowling Green
- County
- Warren
- State
- Kentucky
- Longitude
- -86.4229
- Latitude
- 36.933
