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1138 N Elm St
Henderson, KY 42420
Office Property For Sale

PROPERTY FACTS

Property Type
Office
Property Subtype
Medical
Building Size
11,920 SF
Building Class
B
Year Built/Renovated
1997/2010
Tenancy
Single
Building Height
1 Story
Typical Floor Size
11,920 SF
Building FAR
0.18
Lot Size
1.53 AC
Zoning
Commercial

ABOUT 1138 N ELM ST , HENDERSON, KY 42420

The Heart Group, P.C. is the largest cardiovascular practice in the Tri-State region, and the regions’ only practice that has accreditations in all three types of testing: echocardiography, nuclear imaging, and vascular imaging. This medical office is comprised of 11,920 square feet and was built-to-suit for the Heart Group, P.C. in 1997. It sits on a large 1.5 acre parcel, across from Methodist Hospital and in the medical corridor of Henderson. The landlord has completed major renovations to the property, including installing a new roof in 2010. The Heart Group signed a new ten year modified NNN lease in 2010, in which the Landlord is responsible for the roof, structure, and taxes while the tenant takes care of the interior, insurance, parking lot, snow removal and landscaping of the grounds. The subject property is offered below replacement cost, and the tenant pays a below market rent of $16.33 for medical office. The Heart Group, P.C. currently operates four office locations and sixteen more satellite clinics and continues to expand across Kentucky, Indiana and Illinois. Additionally, The Heart Group partners with Deaconess Gateway Hospital, with 200 beds in Newburgh, Indiana.

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
1-15-2-1
Land Assessment
$0
Improvements Assessment
$0
Total Assessment
$1,249,900
  • Listing ID: 11837791

  • Date on Market: 3/7/2018

  • Last Updated:

  • Address: 1138 N Elm St, Henderson, KY 42420

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