3937 Winston Ave Covington, KY 41015-1706
- Banks
- 4,328 SF
- 0.46 lot acres
Jun 24, 2021
Current Use by Public Records
- U.S. Bank Branch / Bank
- U.S. Bank ATM / Atm
- ATM (BP) / Atm
Property Details for 3937 Winston Ave
- Year built
- 1989
- Lot size
- 0.46 lot acres
- Property size
- 4,328 SF
- Property type
- Banks
- APN
- 056-14-11-005.02
- APU
- 56141100502
Description
This exceptional investment opportunity presents a single-tenant, absolute NNN leased retail property located at 3937 Winston Ave, Covington, KY 41015. The property, a 4,381 square foot building on a 0.465-acre lot, is currently occupied by US Bank, a highly reputable and financially stable tenant. Built in 1974, this one-story structure boasts a prominent location, ensuring high visibility and accessibility. The current lease with US Bank extends through 2029, providing investors with long-term stability and predictable cash flow. The property is zoned TUMU and offers a secure investment with a strong tenant history exceeding 50 years. This is a rare opportunity to acquire a well-established, passively managed income stream in a desirable Kentucky location. The asking price for this net lease investment is $1,550,000. The property's single-tenant occupancy minimizes management complexities, making it an attractive option for passive investors seeking a reliable return. The long-term lease provides financial security and predictable income, while the prime location and strong tenant history further enhance its investment appeal. This is a turnkey investment ready for immediate income generation.
Value Estimations
-
AI approach
- Method
- Estimation
- Statistic approach
- $3,850,000
- ML approach
- $3,895,000
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Location Insight
- Map
- Local Demand
- City
- Covington
- County
- Kenton
- State
- Kentucky
- Longitude
- -84.5054
- Latitude
- 39.0442
- CBSA code
- 17140
- CBSA name
- CINCINNATI-MIDDLETOWN, OH-KY-IN METROPOLITAN STATISTICAL AREA
