1873 Cumberland Fls Hwy Corbin, KY 40701-2731

Property Details for 1873 Cumberland Fls Hwy

Lot size

0.88 lot acres

Zone code

COMMERCIAL

Property type

Commercial real estate

APN

120-00-00-123.02

APU

120000012302

Description

This exceptional investment opportunity presents a 3,726 square foot, single-tenant net-leased retail property in Corbin, Kentucky. The property, built in 2022, is occupied by Fast Pace Health, a rapidly expanding urgent care provider with over 250 locations across multiple states. The current lease, with a remaining term of 13.3 years (expiring February 28, 2038), includes a 10% rent increase every five years, ensuring consistent income growth. The property boasts a 6.35% cap rate and a strong net operating income (NOI) of $170,000. Located on a 0.89-acre lot at 1873 Cumberland Falls Highway, this strategically positioned asset benefits from high visibility and traffic counts, situated across from Baptist Health Corbin (a 273-bed hospital) and in close proximity to Interstate 75. The area features a dense concentration of retail establishments, including Kroger, McDonald's, Starbucks, and many others, serving a population of nearly 50,000 within a 10-mile radius. The property's NNN lease structure minimizes landlord responsibilities, offering a low-maintenance, high-return investment. The tenant's strong financial performance and long-term lease provide exceptional stability and future growth potential. This is a rare opportunity to acquire a high-performing, recession-resistant asset in a thriving market. The asking price is $2,677,165, representing a price per square foot of $718.51.