Views: 0 DOM: 67 Updated: 11.28.23 Posted: 10.05.23 Status: Active


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 9.0
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

Lease Highlights

  • Newly renovated and brand-new roof installed in 2022
  • Tenant has 9+ years of remaining on their primary lease term with 2 (5-year) options to extend
  • Lease features 10% rental increases every 5 years
  • Absolute NNN lease | Zero landlord responsibilities
  • The lease is corporately signed by Ashland Hospital Corp. with over 60 locations throughout Kentucky, Ohio, and West Virginia

Location Description

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...



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About Tenant

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
*ESRI data is presented for informational purposes only


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

Listing Broker

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