4750 Ky Rte 321 Hagerhill, KY 41222-9012

Property Details for 4750 Ky Rte 321

Year built

1980

Construction

TYPE NOT SPECIFIED

Lot size

1.00 lot acres

Property size

6,802 SF

Property type

Office buildings

APN

055-00-00-015.15

APU

55000001515

Description

This fee-simple investment opportunity presents a 6,240 square foot medical office building in Hagerhill, Kentucky. The property, located at 4750 S KY Route 321, sits on a 2.23-acre lot and boasts 47 parking spaces. Currently occupied by DaVita Kidney Care under a single-tenant, net lease agreement, this property offers a strong, passive income stream. The lease, originally commencing June 1, 2004, has a remaining term of 0.6 years, with two one-year renewal options. The lease includes a fixed 3.0% annual rent increase, providing protection against inflation and a steady increase in cash flow. The asking price is $698,158, representing a 10.00% capitalization rate and a NOI of $69,815. Built in 1980, this DaVita location is the only nephrology/dialysis clinic within a 30-mile radius, benefiting from a strong, underserved market and a long-standing tenant with a proven track record. The corporate guarantee provides significant security for the investor. This property is an excellent addition to any diversified investment portfolio, offering stability and growth potential in a recession-resistant sector. The property's prominent location on a major thoroughfare ensures high visibility and accessibility. The lease structure, coupled with the tenant's long history at this location and recent lease extension, demonstrates a commitment to the site and its continued success. This is a rare opportunity to acquire a well-established, high-performing medical office building with a strong tenant and significant upside potential.

Location Insight

City

Hagerhill

County

Johnson

State

Kentucky

Longitude

-82.793

Latitude

37.7793

Property Tax & Assessments