Triple Net Leased Investment

Retail-Commercial for Sale
Catylist Listing ID: 30136126
Property Subtypes: Day Care Facility, Free-Standing Building
Building Size (RSF): 7,326 SF
Gross Land Area: 0.82 SF
Sale Price: $686,800
Unit Price: $93.75 PSF
Property Use Type: Net Leased Investment (NNN), Investment
Building Name: Kindercare Facility
Usable Size (USF): 7,326 SF
Sale Terms: Cash to Seller
Cap Rate: 0.08%
Average Occupancy Rate: 100
Last Updated: 12/11/2017

Overview / Comments

Freestanding Triple Net Investment Property

Long term tenant - Kindercare Learning Center

Net operating income: $54,945 per annum

Triple net lease, no Landlord responsibilities

Lease expiration December 31, 2021; renewal options available

There is an access easement between Kindercare and the rehab facility

Additional Details

Nearest MSA: Louisville/Jefferson County
County: Jefferson
Tax ID/APN: 091E03670000
Zoning: R-5 - Residential Single Family District
Retail Clientele: General, Family
Property Visibility: Good
Largest Nearby Street: Hikes Lane
Tenancy: Single Tenant
Total Number of Buildings: 1
Number of Stories: 1
Typical SF / Floor: 7,326 SF
Property Condition: Good
Year Built: 1972
Roof Type: Hip
Construction/Siding: Brick
Total Parking Spaces: 32
Parking Type: Surface
Zoning Description: R-5
Water Service: Municipal
Sewer Type: Municipal
Easements: Utilities
Land Ownership: MSK Holding Corp.
Legal Description: Deed Book: 9889 Page: 0102

Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 18,957 121,328 286,401
Median Age: 39.78 39.43 39.03
Households: 8,627 53,551 126,621
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