492 Indian Mound Dr Mount Sterling, KY 40353
This exceptional investment opportunity presents a fully occupied, two-tenant retail building in Mount Sterling, Kentucky. The property, constructed in 2021, boasts 4,689 square feet on a 1.21-acre lot at 492 Indian Mound Dr, 40353. Anchored by T-Mobile and Koi Express Hibachi & Sushi, both tenants are operating under long-term net lease agreements (NNN). T-Mobile's 10-year lease commenced January 1, 2022, with approximately 7.1 years remaining. Koi Express also holds a 10-year lease, with approximately 9 years remaining. The property offers a strong 7.00% cap rate and a substantial net operating income (NOI) of $145,692. The building benefits from a 15-year roof warranty and is priced below replacement cost. This is a fee-simple ownership opportunity with minimal landlord responsibilities, making it an attractive addition to any portfolio. The property's strong tenant mix, long-term leases, and favorable financial metrics make it an ideal investment for discerning buyers seeking stable, passive income. The 100% occupancy ensures immediate cash flow, while the below-replacement-cost pricing offers significant potential for appreciation. This is a turnkey investment ready for immediate ownership.
-
Koi Express Mt Sterling Restaurant
-
T-Mobile Mobile Phone Store Electronics & Wireless Store
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.