492 Indian Mound Dr, Mount Sterling, KY 40353
- Lifestyle centers
- 4,689 SF
- 1.21 lot acres
Current Use by Public Records
- Koi Express Mt Sterling / Restaurant
- T-Mobile / Mobile Phone Store / Electronics & Wireless Store
Property Details for 492 Indian Mound Dr
- Year built
- 2021
- Lot size
- 1.21 lot acres
- Property type
- Lifestyle centers
- Property subtype
- Power centers
Description
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.
Value Estimations
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Location Insight
- Map
- Local Demand
- City
- Mount Sterling
- County
- Montgomery
- State
- Kentucky
- Longitude
- -83.954776
- Latitude
- 38.0688204
