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Single-Tenant Office Medical

University of Kentucky

354 N Mayo Trl, Paintsville, KY 41240

Listing Price: $6,428,571

Cap Rate
7.00%
Tenant Name
King’s Daughters Medical Center
Years Remaining On Lease
8.6
Guarantor
Corporate Guarantee
Rentable SF
30,000
Lease Type
Triple Net (NNN)
Rent Per Square Feet
$15.00

Investment Overview

Exclusive Presentation by Marcus & Millichap: 354 North Mayo Trail, Paintsville, Kentucky. We are delighted to present an exclusive opportunity to invest in a medical office facility situated in a prime location. King’s Daughter will occupy 30,000 SF of clinical space offering a variety of medical services including primary care, urgent care, family medicine, etc. The property is currently under construction with tenant improvements and is expected to be completed and open for business in May 2024.

King’s Daughters Health provides a wide rand e of medical services throughout its sixty-plus facilities in Kentucky, Ohio and West Virginia, including behavioral medicine, cardiology, cancer care, CT scans, Diabetes education, digestive health, family medicine, electrophysiology, general surgery, gynecology, vascular medicine, IV therapy, neurology, pediatrics, plastic and reconstructive surgery, rehab services, urology, sleep medicine, weight loss and more. King’s Daughters medical facility in Paintsville will offer urgent and immediate care to adults and children, and will include women’s services, a women’s diagnostic imaging suite, general diagnostic imaging, primary care clinic, specialty care clinic, and support areas. Effective December 1, 2022, Ashland-based King’s Daughters (KD), the largest employer in northeastern Kentucky, officially became part of the University of Kentucky today – a move that will create greater access to high-quality care for more Kentuckians.

Investment Highlights

  • 30,000 SF | 9.65 AC
  • Absolute NNN Lease | 10.00% Increase
  • Lexington MSA
  • 5-Mile Population: 131,191
  • 5-Mile HH Income: $53,659

Exclusively Listed By

Broker of Record

  • Grant Fitzgerald

    Vice President/Regional Manager

    (502) 329-5900

    License(s) KY: 286261

    Kentucky

Financing By

Single-Tenant Office Medical

University of Kentucky

Listing Price: $6,428,571

Cap Rate
7.00%
Tenant Name
King’s Daughters Medical Center
Years Remaining On Lease
8.6
Guarantor
Corporate Guarantee
Rentable SF
30,000
Lease Type
Triple Net (NNN)
Rent Per Square Feet
$15.00

Investment Highlights

  • 30,000 SF | 9.65 AC
  • Absolute NNN Lease | 10.00% Increase
  • Lexington MSA
  • 5-Mile Population: 131,191
  • 5-Mile HH Income: $53,659

Investment Overview

Exclusive Presentation by Marcus & Millichap: 354 North Mayo Trail, Paintsville, Kentucky. We are delighted to present an exclusive opportunity to invest in a medical office facility situated in a prime location. King’s Daughter will occupy 30,000 SF of clinical space offering a variety of medical services including primary care, urgent care, family medicine, etc. The property is currently under construction with tenant improvements and is expected to be completed and open for business in May 2024. King’s Daughters Health provides a wide rand e of medical services throughout its sixty-plus facilities in Kentucky, Ohio and West Virginia, including behavioral medicine, cardiology, cancer care, CT scans, Diabetes education, digestive health, family medicine, electrophysiology, general surgery, gynecology, vascular medicine, IV therapy, neurology, pediatrics, plastic and reconstructive surgery, rehab services, urology, sleep medicine, weight loss and more. King’s Daughters medical facility in Paintsville will offer urgent and immediate care to adults and children, and will include women’s services, a women’s diagnostic imaging suite, general diagnostic imaging, primary care clinic, specialty care clinic, and support areas. Effective December 1, 2022, Ashland-based King’s Daughters (KD), the largest employer in northeastern Kentucky, officially became part of the University of Kentucky today – a move that will create greater access to high-quality care for more Kentuckians.

Exclusively Listed By

Broker of Record

  • Grant Fitzgerald

    Vice President/Regional Manager

    (502) 329-5900

    License(s): KY: 286261

    Kentucky

Financing By

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