Property summary
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
VerifiedCap rate & NOI
Current use
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Dental Office
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Dental Office
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Dental Office
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Dental Office
Location
Value estimations
Owner & transaction history
Comparables
6 recent transactions · within 1.5 miComparable in this City
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Value estimation
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Cap rate
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Property description
Physical attributes from public recordsZoning & alternative use
Zoning
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No zoning code is on file for this parcel. Zoning coverage grows with every catalog release — check back, or open Location Intelligence for use analysis of this corner.
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