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Property profile & analytics
OFF-MARKET
Lifestyle centers

492 Indian Mound Dr Mount Sterling, KY 40353

4,689 SF 1.21 ac lot Built 2021
Property ID
US34-0488857
Property summary
AI-generated overview

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.

Property profile
Verified
Property type Lifestyle centers
Year built 2021
Total area 4,689 SF
Lot 1.21 ac (52,708 SF)
UPID US34-0488857
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
  • Koi Express Mt Sterling Restaurant
  • T-Mobile Mobile Phone Store Electronics & Wireless Store
Value estimations
Realmo proprietary · 4 methods
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Owner & transaction history
Owner on record
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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