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Millpond Center 3644 Boston Rd 35,581 SF 100% Leased Retail Building Lexington, KY 40514 $5,195,548 ($146.02/SF) 6.75% Cap Rate
Investment Highlights
- 2nd largest city in Kentucky; MSA population ~520,000 and growing
- Strategic I-64 / I-75 interchange - within a day's drive of 65% of U.S. population.
- Major employers: UK, Toyota Mfg KY (Georgetown), Amazon, Lexmark, Valvoline
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Property Facts
Sale Type
Investment NNN
Property Type
Retail
Building Size
35,581 SF
Building Class
C
Year Built
1990
Price
$5,195,548
Price Per SF
$146.02
Cap Rate
6.75%
NOI
$350,699
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.25
Lot Size
3.29 AC
Zoning
B-6P
Parking
257 Spaces (7.22 Spaces per 1,000 SF Leased)
Fairly walkable
50/100
Exceptionally drivable
100/100
Fairly bikeable
50/100
Nearby Major Retailers
Property Taxes
| Parcel Number | 10045590 | Improvements Assessment | $0 |
| Land Assessment | $0 | Total Assessment | $3,250,100 |
Property Taxes
Parcel Number
10045590
Land Assessment
$0
Improvements Assessment
$0
Total Assessment
$3,250,100
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