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Single-Tenant Office Medical

First Care Urgent Care

1752 KY-192, London, KY 40741

Listing Price: $3,256,000

Cap Rate
6.25%
Tenant Name
First Care Urgent Care
Years Remaining On Lease
12.5
Guarantor
Corporate Guarantee
Rentable SF
4,950
Lease Type
Triple Net (NNN)
Rent Per Square Feet
$41.11

Investment Overview

Marcus & Millichap is pleased to present the exclusive listing for a First Care located at 1752 Highway 192 West in London, Kentucky. The site consists of roughly 4,950 rentable square feet of building space on estimated 0.79-acre parcel of land. This First Care is subject to a 15-year absolute triple-net (NNN) lease, which commenced June 22nd , 2018. The current annual rent is $185,000 and is scheduled to increase by ten percent (10%) every five (5) years throughout the base term and in each of the three (3), five (5)-year renewal options. Pricing is based off the upcoming rental increase to$203,500 that will occur on June 21st, 2023.

Investment Highlights

  • Long-Term, 15-Year Absolute Triple Net (NNN) Lease | Over 12.5 Years of NNN Term Remaining
  • Phenomenal Exposure | Located in Main Retail Corridor Opposite a Lowe's | Surrounded by National Tenants | 27K+ Vehicles Pass the Site Each Day!
  • Strategic Location | Located Less than a Mile from Kentucky One Health Saint Joseph Campus | Ideal Location for an Urgent Care Walk In Clinic

Exclusively Listed By

Broker of Record

  • Colby Haugness

    First Vice President Investments

    (513) 878-7733

    License(s) KY: 242197

    Kentucky

Financing By

Single-Tenant Office Medical

First Care Urgent Care

Listing Price: $3,256,000

Cap Rate
6.25%
Tenant Name
First Care Urgent Care
Years Remaining On Lease
12.5
Guarantor
Corporate Guarantee
Rentable SF
4,950
Lease Type
Triple Net (NNN)
Rent Per Square Feet
$41.11

Investment Highlights

  • Long-Term, 15-Year Absolute Triple Net (NNN) Lease | Over 12.5 Years of NNN Term Remaining
  • Phenomenal Exposure | Located in Main Retail Corridor Opposite a Lowe's | Surrounded by National Tenants | 27K+ Vehicles Pass the Site Each Day!
  • Strategic Location | Located Less than a Mile from Kentucky One Health Saint Joseph Campus | Ideal Location for an Urgent Care Walk In Clinic

Investment Overview

Marcus & Millichap is pleased to present the exclusive listing for a First Care located at 1752 Highway 192 West in London, Kentucky. The site consists of roughly 4,950 rentable square feet of building space on estimated 0.79-acre parcel of land. This First Care is subject to a 15-year absolute triple-net (NNN) lease, which commenced June 22nd , 2018. The current annual rent is $185,000 and is scheduled to increase by ten percent (10%) every five (5) years throughout the base term and in each of the three (3), five (5)-year renewal options. Pricing is based off the upcoming rental increase to$203,500 that will occur on June 21st, 2023.

Exclusively Listed By

Broker of Record

  • Colby Haugness

    First Vice President Investments

    (513) 878-7733

    License(s): KY: 242197

    Kentucky

Financing By

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