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| Price $7,200,000 | Built/Renov 1992/2023 | Tenant King's Daughters |
| Cap Rate 6.25% | Lease Type
Abs NNN | Guarantor Corporate |
| Size/SF
30,000
| Lease Start
12-25-2022
| #Units
60
|
| Price/SF $240.00 | Expiration
12-31-2032
| Tenant Type Medical/Health |
| NOI $450,000 | R. Term 7.8 | Ownership Fee Simple |
| Rent/SF
$15.00
| Increases 10.0%/5/yrs | Pop 5Mi 13,717 |
| Lot/AC 9.65 | Options 2/5yrs/10% | AHHI 5Mi $68,414 |
| | |
King's Daughters benefits from excellent visibility on North Mayo Trail, with a daily traffic count of 12,828 vehicles. It is conveniently located across from the upcoming Mayo Plaza Redevelopment, which will feature retailers such as Hobby Lobby, T.J. Maxx, Five Below, Dollar Tree, Ollie’s Bargain Outlet, and Shoe Show. This redevelopment project will significantly enhance the regional...
...Recent renovation
New roof
Near major nationals
Strategically located
Highway location
Strong tenant synergy
New development zone
Brand new lease
Absolute NNN
Corporate Guarantee
King's Daughters (KD), also known as UK King’s Daughters, is a non-profit health system providing a wide range of medical services. KD started in Ashland, KY in 1899 as a single hospital...
| 1 Miles | 3 Miles | 5 Miles | |
| 2028 Total Population : | 1,484 | 7,641 | 13,900 |
| 2023 Total Population : | 1,510 | 7,765 | 14,041 |
| 2023 Employed Civilian Pop : | 562 | 2,516 | 4,633 |
| 2023 Total Businesses : | 268 | 530 | 636 |
| 2023 Average Household Income : | $ 55,749 | $ 68,434 | $ 68,044 |
| 2023 Total Consumer Spending : | $ 32 M | $ 200 M | $ 355 M |
| 2023 Median Age : | 47 | 45 | 44 |
| 2023 Total Households : | 649 | 3,246 | 5,764 |
| 2023 Pop Age 25+: Bachelor's Degree : | 57 | 512 | 943 |
| 2023 Average Home Value : | $ 191,997 | $ 220,916 | $ 202,155 |
| Collection Street | Cross Street | Year | Traffic Vol | Distance |
| North Mayo Trail | Central High School Dr | 2021 | 12,825 | 0.18 mi |
| 3rd St | W H Dixon Blvd | 2014 | 6,014 | 0.27 mi |
| Church Street | Mill St | 2022 | 536 | 0.35 mi |
| James S Trimble Boulevard | Hwy 23 | 2021 | 3,585 | 0.38 mi |
| West St | 3rd St | 2015 | 6,123 | 0.43 mi |
| US Hwy 23 | James S Trimble Blvd | 2014 | 13,187 | 0.53 mi |
| KY 40 | 2021 | 5,152 | 0.54 mi | |
| Third St | Ct St | 2001 | 6,369 | 0.60 mi |
| US Hwy 23 Bus | Tays Branch Rd | 2002 | 6,185 | 0.63 mi |
| College Street | 2nd St | 2022 | 3,699 | 0.71 mi |
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Address: 929 Alton Road, Suite 500
Miami Beach, FL 33139
Telephone: (305) 977-7700
E-mail: [email protected]
