BrightView,
Benton, KY Investment Summary
| Price | $916,000 |
| Cap Rate | |
| NOI | |
| Lease Term | 10 Years |
| Lease Type | Net, With Tenant Responsible For All Taxes, Insurance, And Maintenance, Excluding Roof And Structure |
| Rental Increases | 2% Annual Rental Increases |
| Year Built | 2022 |
| Building Size | 6,000 SF |
| Lot Size | 1.02 Acres (44,431 SF) |
| Status | Sold |
| Lead Brokers | Vincent Aicale Executive Director 415.690.5522 vince.aicale@cushwake.com CA RE License #01728696 Ryan Forsyth Executive Director 415.413.3005 ryan.forsyth@cushwake.com CA RE License #01716551 Michael T. Yuras, CCIM Executive Managing Director 415.481.0788 michael.yuras@cushwake.com CA RE License #01823291 Scott Crowle Executive Director 415.604.4288 scott.crowle@cushwake.com CA RE License #01318288 |
Investment Highlights
10-YEAR NET LEASE WITH RARE ANNUAL RENTAL INCREASES
» 10-year net lease with minimal landlord management
» Rare annual rental increases, providing a hedge against inflation
» Two (2) option periods of five (5) years each
» BrightView is a private medical services provider that focuses on addiction treatment that now operates 46 medical centers in Ohio and Kentucky
EASILY ACCESSIBLE AND HIGH-TRAFFIC LOCATION IN POPULOUS KENTUCKY SUBMARKET
» 53,287 residents within a fifteen-mile radius of the property, providing a large customer base for the location
» Central location near highly trafficked Benton thoroughfares, including Interstate 69 (16,075 AADT)
» Projected ten percent average annual household income increase within a fifteen-mile radius of the property in the next five years, poising BrightView and Benton for significant concurrent growth
CENTRAL LOCATION NEAR MULTIPLE TOURIST ATTRACTIONS, RETAILERS, AND COMMUNITY HUBS
» Surrounded by a strong mix of local and national retailers, including Walmart, Dollar Tree, Wendy’s, O’Reilly Auto Parts, Dollar General, AutoZone Auto Parts, McDonald’s, Waffle House, and many more
» Within one mile of Marshall County Hospital, a 25-bed hospital
» Close proximity to several schools, including Marshall County High School (1,392 students) and Benton Elementary School (120 students)
» Close proximity to Walmart Supercenter and surrounding retail
» Less than half a mile from Downtown Benton
Property Description
SOLD
The property has an easily accessible location on Ash Street, with visibility and access to 10,504 AADT from West 5th Street. The site maintains a central location at the confluence of highly trafficked Benton thoroughfares, including Interstate 69 (16,075 AADT). The site benefits from its location in a populous area, with 53,287 residents living within a fifteen-mile radius of the property. With a projected ten percent average annual household income increase within a fifteen-mile radius of the property in the next five years, BrightView and Benton are poised for significant concurrent growth.
The site is surrounded by a strong mix of local and national retailers, including Walmart, Dollar Tree, Wendy’s, O’Reilly Auto Parts, Dollar General, AutoZone Auto Parts, McDonald’s, Waffle House, and many more. The property is centrally located less than half a mile from Downtown Benton. A number of schools are located near the property, including Marshall County High School (1,329 students) and Marshall Elementary School (120 students). The property is also in close proximity to a Walmart Supercenter with its surrounding shops. The property is also within one mile of Marshall County Hospital—a 25-bed hospital with 250 employees.
