7688 Mall Rd Florence, KY 41042

This exceptional fee-simple retail storefront investment presents a compelling opportunity. Located at 7688 Mall Rd, Florence, KY 41042, this 5,220 square foot property boasts a 100% occupancy rate with a long-term net lease to Altafiber (formerly Cincinnati Bell), a well-established telecommunications company. The lease commenced October 20, 2023, and extends until March 30, 2034, with remaining term of 9.6 years and two five-year renewal options. The property features a 6.90% cap rate and a current NOI of $126,000. Built in 1990, this single-story building sits on a 0.75-acre lot zoned C-2, PD, and MR. Its prime location in Northern Kentucky's dominant retail trade area, near the Florence Mall and Amazon's major air hub, ensures high visibility and strong tenant demand. The asking price is $1,825,000, and $35,250 in tenant improvement allowances are already escrowed for lease renewal. This investment offers a stable, high-return opportunity in a thriving retail market.