7435 Industrial Rd Florence, KY 41042
- Warehouses
- 12.49 lot acres
Current Use by Public Records
- Warehouses
Property Details for 7435 Industrial Rd
- Year built
- 1969
- Construction
- TYPE NOT SPECIFIED
- Lot size
- 12.49 lot acres
- Property type
- Warehouses
- Property subtype
- Self storage facilities
- APN
- 073.00-00-036.00
- APU
- 73000003600
Description
This exceptional investment opportunity presents a 123,769-square-foot Class A distribution facility in Florence, Kentucky. The property, built in 2022, is situated on 27 acres and boasts a 32-foot ceiling height, 11 loading docks, and ample parking, including space for 185 electric vans. Currently 100% occupied by Amazon under a triple-net (NNN) lease with a credit-rated tenant, the lease extends until November 29, 2034, offering a remaining term of over 10 years. The lease includes a 2% annual rent bump, providing inflation protection. The property benefits from a prime location in Boone County, Kentucky, offering easy access to Interstates 75 and 71, and proximity to the Cincinnati/Northern Kentucky Airport and Amazon Prime Air Hub. This strategically located facility is within 600 miles of 65% of the U.S. population, making it ideal for last-mile delivery operations. The current Net Operating Income (NOI) is $2,532,342. The lease structure is passive, with the tenant responsible for most maintenance and capital replacements. The property offers a rare opportunity to acquire a high-quality, strategically located asset with a long-term lease to a financially strong tenant. Lease options for extensions of 4 or 5 years are available. This is a turnkey investment with significant long-term value.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Florence
- County
- Boone
- State
- Kentucky
- Longitude
- -84.6344
- Latitude
- 38.9806
- CBSA code
- 17140
- CBSA name
- CINCINNATI-MIDDLETOWN, OH-KY-IN METROPOLITAN STATISTICAL AREA
