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726 Harvard Dr
Owensboro, KY 42301
Small STNL Office Building · Office Property For Sale


INVESTMENT HIGHLIGHTS
- Long-Term, Committed Tenant: Benchmark Family Services
- Net Lease Structure: Tenant is responsible for all maintenance, repairs, etc.
- Essential, Government-Backed Service Provider
- Predictable Rent Growth: CPI-adjusted increases apply at the start of each renewal term
EXECUTIVE SUMMARY
Benchmark Family Services (BFS) is a long-established, multi-state behavioral health and treatment foster care organization founded in 1999 and operating across Ohio, Kentucky, West Virginia, and South Carolina. Their services—funded primarily through state contracts, Medicaid reimbursements, and essential child-welfare programs—place them in one of the most stable, recession-resistant sectors of the nonprofit and healthcare landscape. Demand for treatment foster care remains consistently high nationwide, creating steady, government-backed revenue streams that support long-term operational continuity. BFS’s 25+ years of growth, regulatory compliance, and multi-state footprint underscore their organizational maturity and financial reliability.
As a tenant, BFS demonstrates exceptional stability and performance. They have maintained 4+ years of flawless, on-time rent payments at this location and recently exercised their renewal option for an additional three-year term through August 31, 2028—clear evidence of their commitment to the site and its importance to their service model. Agencies like BFS rarely relocate due to licensing, staffing, and operational requirements, making them inherently sticky, long-term occupants. Their mission-critical work, consistent funding streams, and proven lease performance make Benchmark Family Services an exceptionally strong and dependable tenant for investors seeking durable income and low operational risk.
As a tenant, BFS demonstrates exceptional stability and performance. They have maintained 4+ years of flawless, on-time rent payments at this location and recently exercised their renewal option for an additional three-year term through August 31, 2028—clear evidence of their commitment to the site and its importance to their service model. Agencies like BFS rarely relocate due to licensing, staffing, and operational requirements, making them inherently sticky, long-term occupants. Their mission-critical work, consistent funding streams, and proven lease performance make Benchmark Family Services an exceptionally strong and dependable tenant for investors seeking durable income and low operational risk.
PROPERTY FACTS
Sale Type
Investment NNN
Property Type
Office
Building Size
2,498 SF
Building Class
C
Year Built/Renovated
1990/2019
Price
$621,000
Price Per SF
$248.60
Cap Rate
7.51%
NOI
$46,610
Tenancy
Single
Building Height
1 Story
Typical Floor Size
2,498 SF
Building FAR
0.29
Lot Size
0.20 AC
Zoning
B-4 - General Business which allows for retail and office use.
AMENITIES
- 24 Hour Access
- Central Heating
- High Ceilings
- Natural Light
- Reception
- Recessed Lighting
- Drop Ceiling
- Wi-Fi
- Yard
- Air Conditioning
PROPERTY TAXES
| Parcel Number | 004-16-11-006-B0-000 | Improvements Assessment | $0 |
| Land Assessment | $0 | Total Assessment | $233,100 |
PROPERTY TAXES
Parcel Number
004-16-11-006-B0-000
Land Assessment
$0
Improvements Assessment
$0
Total Assessment
$233,100
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