4750 Ky RT 321, Hagerhill, KY 41222

Property Details for 4750 Ky RT 321

Year built

1980

Construction

TYPE NOT SPECIFIED

Lot size

1.00 lot acres

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