Technical
Financial
Distress signals
Property profile

625 Three Springs Rd Bowling Green, KY 42104

OFF-MARKET
Office Spaces
6,263 SF 1.23 ac lot Built 2007
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Property summary

AI-generated overview

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.

Property profile

Verified
Property type Office Spaces
Year built 2007
Total area 6,263 SF
Lot 1.23 ac (53,579 SF)

Cap rate & NOI

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

Current use

Occupant on record · Public records
  • Dental Office
  • Dental Office
  • Dental Office
  • Dental Office

Location

625 Three Springs Rd Bowling Green, KY 42104
Bowling Green metro
Google Maps

Value estimations

Realmo proprietary · 4 methods
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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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