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Single-Tenant Office Medical

New 2021 Construction Long Term NNN | MB2 Dental Clinic | Outside Cincinnati

507 Market Place Drive, Maysville (Outside Cincinnati), KY 41056

Listing Price: $1,800,000

Cap Rate
6.00%
Tenant Name
MB2 Dental
Years Remaining On Lease
13.8
Gross SF
4,350
Guarantor
Corporate Guarantee
Rentable SF
4,350
Price/Gross SF
$413.79
Lease Type
Absolute Net
Rent Per Square Feet
$24.83

Investment Overview

Maysville is a home rule-class city in Mason County, Kentucky, and is the seat of Mason County. The City is on the Ohio River, 66 miles northeast of Lexington. It is the principal city of the Maysville Micropolitan Statistical Area, which includes Mason and Lewis counties. Two bridges cross the Ohio from Maysville to Aberdeen, Ohio: the Simon Kenton Memorial Bridge built in 1931 and the William H. Harsha Bridge built in 2001. On the edge of the outer Bluegrass Region, Maysville is historically important in Kentucky’s settlement. Frontiersmen Simon Kenton and Daniel Boone are among the city’s founders. Later, Maysville became an important port on the Ohio River for the northeastern part of the state. Small manufacturers located early in Maysville and manufacturing remains an important part of the modern economy. Under the leadership of Henry Means Walker, Maysville was home to one of the largest tobacco auction warehouses in the world for most of the 20th century.

Investment Highlights

  • Long Term Absolute Net Lease featuring 9% Rental Increases Every 5 Years. Brand New 2021 High Quality Construction.
  • Positioned Along Area's Major Retail & Traffic Corridor: Features Easy Access and Excellent Visibility with Daily Traffic Counts Exceeding 15k Vehicles.
  • Charlesbank Capital Partners invested in MB2 Dental in January 2021, making it the Majority Shareholder. The Company is a Leading Middle-Market Private Investment Firm Managing $7+ Billion of Capital.
  • Down the Street from Meadowview Regional Medical Center - a 100-Bed, Acute Care Facility that provides Medical Services to the People of Mason County and Surrounding Areas.
  • Near Numerous National Retailers including Walmart Supercenter, Lowe's, Kroger, Hobby Lobby, Walgreens, Harbor Freight, Save A Lot, Big Lots and many more.
  • In Close Proximity many Schools including Maysville Community & Technical College, Mason County High School, Mason County Technology Center and more.

Exclusively Listed By

  • Alvin N. Mansour

    Executive Managing Director Investments

    (858) 373-3184

    Email Alvin

    License(s): CA: 01391653, TX: 0606255

    San Diego

Broker of Record

  • Colby Haugness

    First Vice President Investments

    (816) 410-1010

    License(s) KY: 242197

    Kentucky

Financing By

Single-Tenant Office Medical

New 2021 Construction Long Term NNN | MB2 Dental Clinic | Outside Cincinnati

Listing Price: $1,800,000

Cap Rate
6.00%
Tenant Name
MB2 Dental
Years Remaining On Lease
13.8
Gross SF
4,350
Guarantor
Corporate Guarantee
Rentable SF
4,350
Price/Gross SF
$413.79
Lease Type
Absolute Net
Rent Per Square Feet
$24.83

Investment Highlights

  • Long Term Absolute Net Lease featuring 9% Rental Increases Every 5 Years. Brand New 2021 High Quality Construction.
  • Positioned Along Area's Major Retail & Traffic Corridor: Features Easy Access and Excellent Visibility with Daily Traffic Counts Exceeding 15k Vehicles.
  • Charlesbank Capital Partners invested in MB2 Dental in January 2021, making it the Majority Shareholder. The Company is a Leading Middle-Market Private Investment Firm Managing $7+ Billion of Capital.
  • Down the Street from Meadowview Regional Medical Center - a 100-Bed, Acute Care Facility that provides Medical Services to the People of Mason County and Surrounding Areas.
  • Near Numerous National Retailers including Walmart Supercenter, Lowe's, Kroger, Hobby Lobby, Walgreens, Harbor Freight, Save A Lot, Big Lots and many more.
  • In Close Proximity many Schools including Maysville Community & Technical College, Mason County High School, Mason County Technology Center and more.

Investment Overview

Maysville is a home rule-class city in Mason County, Kentucky, and is the seat of Mason County. The City is on the Ohio River, 66 miles northeast of Lexington. It is the principal city of the Maysville Micropolitan Statistical Area, which includes Mason and Lewis counties. Two bridges cross the Ohio from Maysville to Aberdeen, Ohio: the Simon Kenton Memorial Bridge built in 1931 and the William H. Harsha Bridge built in 2001. On the edge of the outer Bluegrass Region, Maysville is historically important in Kentucky’s settlement. Frontiersmen Simon Kenton and Daniel Boone are among the city’s founders. Later, Maysville became an important port on the Ohio River for the northeastern part of the state. Small manufacturers located early in Maysville and manufacturing remains an important part of the modern economy. Under the leadership of Henry Means Walker, Maysville was home to one of the largest tobacco auction warehouses in the world for most of the 20th century.

Exclusively Listed By

  • Alvin N. Mansour

    Executive Managing Director Investments

    (858) 373-3184

    Email Alvin

    License(s): CA: 01391653, TX: 0606255

    San Diego

Broker of Record

  • Colby Haugness

    First Vice President Investments

    (816) 410-1010

    License(s): KY: 242197

    Kentucky

Financing By

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