T-Mobile & Koi Express
Mount Sterling, KY
Key Details
| Price: | $2,081,314 |
|---|---|
| Cap Rate: | 7.00% |
| Annual Rent: | $145,692 |
| Address: | 492 Indian Mound Drive, Mount Sterling, Kentucky 40353 |
| Property Type: | Retail |
| Lease Type: | Triple Net (NNN) |
Property Data
| Original Lease Term: | 10 Years |
|---|---|
| Lease Commencement: | 1/1/2022 |
| Lease Expiration: | 12/31/2031 |
| Lease Term Remaining: | 7 Years |
| Rental Increases: | 10.00% Every 5 Years |
| Lot Size: | 1.21 Acres |
| Building Size: | 4,689 SF |
| Year Built: | 2021 |
NNN Pro and Bang Realty are pleased to present the exclusive listing for a T-Mobile & Koi Express located at 492 Indian Mound Drive, Mount Sterling, Kentucky 40353. The site consists of roughly 4689 rentable square feet of building space on an estimated 1.21-acre parcel of land. This T-Mobile & Koi Express is subject to a 10-year Triple Net (NNN) lease, which commenced 1/1/2022. The current annual rent is $145,692 and has scheduled increases of 10.00% Every 5 Years.
About the Investment
- 100% Occupied Two Tenant Retail Building Leased to T-Mobile and Koi Express Hibachi & Sushi.
- Long Term Leases with Minimal Landlord Responsibilities T-Mobile is operating on a 10-year lease with approximately 7 years remaining on the initial term. Koi Express is operating on a 10-year lease with approximately 9 years of term remaining.
- Newer 2021 Construction Priced Below Replacement Cost This is a new build with a 15-year warranty on the roof, priced below replacement cost and recent appraisal.
Key Details
| Price: | $2,081,314 |
|---|---|
| Cap Rate: | 7.00% |
| Annual Rent: | $145,692 |
| Address: | 492 Indian Mound Drive, Mount Sterling, Kentucky 40353 |
| Property Type: | Retail |
| Lease Type: | Triple Net (NNN) |
Property Data
| Original Lease Term: | 10 Years |
|---|---|
| Lease Commencement: | 1/1/2022 |
| Lease Expiration: | 12/31/2031 |
| Lease Term Remaining: | 7 Years |
| Rental Increases: | 10.00% Every 5 Years |
| Lot Size: | 1.21 Acres |
| Building Size: | 4,689 SF |
| Year Built: | 2021 |
Talk to the Pros
Glen Kunofsky
gkunofsky@nnnpro.com
License: NY: 49KU1129178
Rocco Driscoll
rdriscoll@nnnpro.com
License: NY: 10401370484
Broker of Record
Brian Brockman
Bang Realty, Inc
License: 204982
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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 your needs.