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Office Supply

Office Max

475 Armco Rd, Ashland, KY 41101

Listing Price: Request For Offer

Tenant Name
Office Max
Years Remaining On Lease
0.6
Gross SF
23,416
Guarantor
Corporate Guarantee
Rentable SF
23,416
Lease Type
Absolute Net
Rent Per Square Feet
$10.52

Investment Overview

Marcus & Millichap is pleased to offer for sale the property at 475 Armco Road in Ashland, Kentucky. This property is comprised of 23,416 SF of GLA sitting on 2.55 acres of land with good visibility from Winchester Ave with 26,0000 VPD. The subject property is surrounded by a great retailer mix including Steak’ n Shake, Cinemax Movies, Texas Roadhouse, Applebee’s Grill & Bar, Speedway, Belk, Panera Bread, TJ Maxx, JC Penny, and Walmart Supercenter. This asset offers an opportunity for an investor to acquire a stabilized investment with no management responsibilities in a fast-growing corridor of Ashland, Kentucky. The corporate absolute-net lease runs through February 2023 and offers an incoming investor $246,403 in monthly net income while preparing to reposition the property as an owner user or to find a new tenant.

Investment Highlights

  • Absolute Net Lease
  • Good Visibility from Main Road
  • National Tenant with Corporate Guarantee
  • Surrounded by a Great Mix of Retailers and Food Service

Exclusively Listed By

Broker of Record

  • Colby Haugness

    First Vice President Investments

    (816) 410-1010

    License(s) KY: 242197

    Kentucky

Office Supply

Office Max

Listing Price: Request For Offer

Tenant Name
Office Max
Years Remaining On Lease
0.6
Gross SF
23,416
Guarantor
Corporate Guarantee
Rentable SF
23,416
Lease Type
Absolute Net
Rent Per Square Feet
$10.52

Investment Highlights

  • Absolute Net Lease
  • Good Visibility from Main Road
  • National Tenant with Corporate Guarantee
  • Surrounded by a Great Mix of Retailers and Food Service

Investment Overview

Marcus & Millichap is pleased to offer for sale the property at 475 Armco Road in Ashland, Kentucky. This property is comprised of 23,416 SF of GLA sitting on 2.55 acres of land with good visibility from Winchester Ave with 26,0000 VPD. The subject property is surrounded by a great retailer mix including Steak’ n Shake, Cinemax Movies, Texas Roadhouse, Applebee’s Grill & Bar, Speedway, Belk, Panera Bread, TJ Maxx, JC Penny, and Walmart Supercenter. This asset offers an opportunity for an investor to acquire a stabilized investment with no management responsibilities in a fast-growing corridor of Ashland, Kentucky. The corporate absolute-net lease runs through February 2023 and offers an incoming investor $246,403 in monthly net income while preparing to reposition the property as an owner user or to find a new tenant.

Exclusively Listed By

Broker of Record

  • Colby Haugness

    First Vice President Investments

    (816) 410-1010

    License(s): KY: 242197

    Kentucky

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