625 Three Springs Rd Bowling Green, KY 42104

Property Details for 625 Three Springs Rd

Year built

2007

Lot size

1.23 lot acres

Property size

6,263 SF

Property type

Office Properties & Spaces

Property subtype

Medical offices

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.