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Spero Health 182 Roy Campbell Dr 4,508 SF Office Building Hazard, KY 41701 $1,230,000 ($272.85/SF) 8.81% Cap Rate
INVESTMENT HIGHLIGHTS
- 100% Occupied and Corporately Guaranteed Lease
- NN Lease Structure - Minimal landlord responsibilities; roof, structure, and HVAC replacements exceeding $1,500 during the initial term
- Recent Capital Improvements - Fully renovated in 2019 to meet the tenant’s specifications. Warranties remain in place for HVAC units and flooring.
- Spero Health is one of the largest office-based opioid treatment providers in the U.S., with 95+ locations
- Long-Term Lease Stability - Four years remain on the initial 10-year lease term, with two additional 5-year renewal options.
- Prime Healthcare Location - Situated directly across from Hazard ARH Regional Medical Center, a 358-bed acute care hospital
EXECUTIVE SUMMARY
Cook Commercial Partners is pleased to present the Spero Health outpatient clinic in Hazard, Kentucky. This 4,508-square-foot, single-tenant facility was fully remodeled in 2019 to meet the tenant’s specifications.
This investment opportunity features four years remaining on the initial 10-year lease term, with two additional five-year renewal options, providing long-term stability. The lease structure is NN, offering minimal landlord responsibilities, and is corporately guaranteed by Spero Health, Inc., a leading provider of outpatient addiction treatment.
Spero Health is an integrated healthcare services organization specializing in local, affordable, and evidence-based treatment for individuals struggling with substance use disorder. With a strong commitment to community care and a growing national presence, Spero Health continues to expand its reach in the fight against the opioid epidemic.
This investment opportunity features four years remaining on the initial 10-year lease term, with two additional five-year renewal options, providing long-term stability. The lease structure is NN, offering minimal landlord responsibilities, and is corporately guaranteed by Spero Health, Inc., a leading provider of outpatient addiction treatment.
Spero Health is an integrated healthcare services organization specializing in local, affordable, and evidence-based treatment for individuals struggling with substance use disorder. With a strong commitment to community care and a growing national presence, Spero Health continues to expand its reach in the fight against the opioid epidemic.
PROPERTY FACTS
Sale Type
Investment
Sale Condition
1031 Exchange
Property Type
Office
Property Subtype
Medical
Building Size
4,508 SF
Building Class
B
Year Built/Renovated
2006/2019
Price
$1,230,000
Price Per SF
$272.85
Cap Rate
8.81%
NOI
$108,322
Tenancy
Single
Building Height
1 Story
Typical Floor Size
4,508 SF
Building FAR
0.03
Lot Size
3.83 AC
Opportunity Zone
Yes
Zoning
2000 - Commercial - Commercial
Parking
34 Spaces (7.54 Spaces per 1,000 SF Leased)
1 1
PROPERTY TAXES
| Parcel Number | 086-20-05-012.02 | Improvements Assessment | $0 |
| Land Assessment | $0 | Total Assessment | $1,300,000 |
PROPERTY TAXES
Parcel Number
086-20-05-012.02
Land Assessment
$0
Improvements Assessment
$0
Total Assessment
$1,300,000
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Spero Health | 182 Roy Campbell Dr
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