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611 N BARDSTOWN RD
MOUNT WASHINGTON, KY 40047-7838
Asking Price
$3.04M
Cap Rate
8.14%
Asset Type
Retail
Class
Class B
What's Special
Neighborhood Retail Center | 30,976 SF | 6.64 Year WALT <p><strong>FITNESS ANCHOR WITH LONG TERM LEASE</strong></p><ul><li>Anchored By Club Fitness (58% Of GLA), Which Boasts A 20-Year Operating History At The Property And Recently Executed A New 10-Year Lease Through 2036 Featuring A 10% Rent Increase In Year 6 And Three 5-Year Renewal Options With 2% Annual Increases</li></ul><p></p><p><strong>LONG STANDING TENURE & HISTORICAL OCCUPANCY</strong></p><ul><li>92% Of The Year-1 Revenue Is Tied To Leases That Commenced More Than 15 Years Ago</li><li>
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NOI
$80,000
Cap Rate
2.63%
DSCR
0.44
Underwater
Cash-on-Cash
-11.02%
Monthly Payment
$15,051.091
Annual Cash Flow
$-100,613.096
