Available For Sale - Office

2,847 SF | Show Pricing $

AVAILABILITY DETAILS

Size
2,847 SF
Price/SF
Show Pricing $
Listing ID
SA505768
Notes
This stand alone office property is leased to Growing Minds Learning Center. Growing Minds offers the highest quality of intensive, research-based behavioral treatment for children and young adults between the ages of 20 months through adulthood with autism spectrum and related disorders. Growing Minds has leased the property since 2013 and just renewed for another 3-year term that includes 2% annual rent bumps.



Growing Minds has 10 locations in Kentucky and is backed by Graham Health Care Capital out of Nashville, TN who pays the rent.



The lease states the tenant is responsible for everything inside the building including property taxes and insurance. The landlord is responsible for roof and structure as well as lawn care.



This is an ideal opportunity for a first-time investor to buy a commercial real estate investment with little management and a solid return at a 7.5% cap rate and a projected 17% internal rate of return based on a 5-year cash flow analysis.



In place rent is also below market rent by over 25% providing significant upside for the new owner.
Uses
Office

Other Availability in this Property

Space/Suite Square Feet Type Uses Asking Rent/Price
2,847 SF Sale Office Show Pricing $ chevron_right
2,847 SF Sale Office Show Pricing $ chevron_right
2,847 SF Sale Office Show Pricing $ chevron_right
2,847 SF Sale Office Show Pricing $ chevron_right
2,847 SF Sale Office Show Pricing $ chevron_right
Space/Suite
 
Square Feet
2,847 for sale
Uses
Office
Asking Rent/Price
Show Pricing $

Space/Suite
 
Square Feet
2,847 for sale
Uses
Office
Asking Rent/Price
Show Pricing $

Space/Suite
 
Square Feet
2,847 for sale
Uses
Office
Asking Rent/Price
Show Pricing $

Space/Suite
 
Square Feet
2,847 for sale
Uses
Office
Asking Rent/Price
Show Pricing $

Space/Suite
 
Square Feet
2,847 for sale
Uses
Office
Asking Rent/Price
Show Pricing $

This information has been obtained from sources believed reliable. We have not verified it and make no guarantee, warranty or representation about it. Any projections, opinions, assumptions or estimates used are for example only and do not represent the current or future performance of the property. You and your advisors should conduct a careful, independent investigation of the property to determine to your satisfaction the suitability of the property for you needs.

Listing provided courtesy of
Bo Barron CCIM, Barron Commercial Group
BRE# 207674