400 Enterprise Drive

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400 Enterprise Drive

Nicholasville, KY 40356
Asking Price
Contact for price
Asset Type
Warehouse Industrial
Class
Class B

What's Special

Mission Critical Facility | Abs. Net Lease | Lexington, KY MSA <p>STABLE TENANT IN MISSION CRITICAL FACILITY: SMC holds and maintains a wide variety of certifications to allow it to serve its mission critical clientele.</p><p></p><p>NEW 16-YEAR LEASE: Tenant recently signed a new 16-year Absolute Net lease with 15.8 years remaining, extending the term through 2041. No landlord responsibilities. Tenant is responsible for everything including roof and structure.</p><p></p><p>INFLATION-HEDGE RENT GROWTH: The lease features 7.75% rental increases every 5 years

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NOI
$80,000
Cap Rate
8.00%
DSCR
1.35
Strong
Cash-on-Cash
6.88%
Monthly Payment
$4,947.454
Annual Cash Flow
$20,630.547

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