Paintsville, KY - King's Daughters (Ashland Medical)
354 N Mayo Trail, Paintsville, KY
$7,200,000
Price
6.25%
Cap Rate
$450,000
NOI
Overview
Description
• There are 9+ years of remaining lease term with 2, 5-year options to extend
• The lease is corporately signed by Ashland Hospital Corp. with over 60 locations throughout Kentucky, Ohio and West Virginia
• There are 10% rental increases scheduled every 5 years, including at the beginning of each option period
• Kings Daughters is located directly across from the Mayo Plaza Redevelopment, which is set to include Hobby Lobby, T.J. Maxx, Five Below, Dollar Tree, Ollie’s Bargain Outlet, and Shoe Show, notably bolstering the corridor’s regional consumer draw
• Situated in the heart of Paintsville’s retail and commercial corridor, which is also home to Lowe’s and effective shadow-anchor, Walmart Supercenter
Listing ID: a288X000007VlBJQA0