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Huntington Bank (Ground Lease)

$1,948,305
6985 Houston Road, Florence, KY, Florence
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1146

Property Description

INVESTMENT HIGHLIGHTS

  • Walmart Supercenter Shadow Anchored
  • 2+ Acre Lot | Strong Intrinsic Value
  • Ten Years Firm Remaining
  • 10% Increases Every Five Years
  • Top Tier Credit Tenant | A (Fitch) | Aa3 (Moody’s) | BBB+ (S&P)
  • Main Retail Corridor | 29,000 VPD
  • Located within Fifteen Minutes of Five Hospitals and Three Schools
  • One Mile from 890,000-Square Foot General Growth Properties Mall | 120 Stores in Operation Since 1976
  • Exceptional Growth Suburb | 23% Population Growth Since 2000 within Five Miles
  • Strong Demographics | 137,000+ Residents and $77,700+ Average Incomes within Five Miles
Address: 6985 Houston Road, Florence, KY
City:
State/County:
Zip: 41042
Country: United States
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Property Id : 7863
Price: $1,948,305
Property Size: 2,161 SF2
Property Lot Size: 2 AC
Beds: 5.9
Cap: 5.75%
NOI: $109,599
Year Built: 2007

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