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26323225
26323224

5522 Taylor Mill Rd, Ryland Heights, KY 41015

PR
TX 521093
Lee & Associates - Dallas/Fort Worth
LK
TX 811161
Lee & Associates - Dallas/Fort Worth
Listed by Lee & Associates - Dallas/Fort Worth
$1,800,000
298 days on market
Updated 54 days ago

Cultivate Behavioral Health

Details
APN 058.03.00241.00
Property Type Office
Sub Type Medical Office
Square Footage 11,355
Cap Rate 8.03%
NOI $144,549
Occupancy 100%
Tenancy Single
Lease Type NNN
Lease Term 5
Lease Expiration 09/29/2028
Remaining Term 3
Rent Bumps Yes
Lease Options 5 Years with Two 3-year Renewal Options
Class C
Year Built 1982
Acreage 2.390
Zoning PO
Parking Spaces 65 spaces
Parking Per SqFt 5.72
Lease Commencement 09/01/2023

Office | 11,355 SqFt

Marketing description

Lee & Associates is pleased to offer for sale 5522 Taylor Mill Road, Taylor Mill, KY 41015, a premier medical outpatient building strategically located to serve a growing community of children with ASD. This property is leased to Cultivate Behavior Health & Education (Cultivate BHE), a trusted national provider with over 60 locations nationwide and backed by private equity. Cultivate BHE specializes in behavioral health and education services for children with autism and their families. The organization has experienced significant growth expanding it’s services to meet the increasing demand for specialized pediatric care.

The property consists of 11,355 square feet of modern, state-of-the-art medical office space, designed to meet the highest standards of healthcare provision. The building is located on two distinct lots of 2.39 acres. The additional one acre lot can be either used for future expansion or be sold to another user, developer or investor. The building features cutting-edge medical facilities, including modern examination rooms, welcoming reception areas, and well equipped administrative spaces. These facilities are designed with patient comfort and operational efficiency in mind, making the property a perfect fit for healthcare providers.

The tenant, Cultivate BHE, is committed to long-term tenancy with a 5-year initial term and two 3-year renewal options. Under the terms of the NNN lease, the tenant is responsible for all operating expenses, maintenance, and repairs, minimizing landlord involvement and ensuring a hassle-free ownership experience. Furthermore, annual rent increases of 3% offer built-in rent growth, providing a hedge against inflation.

With its prime location, quality construction, and reliable tenant, 5522 Taylor Mill Road presents an exceptional investment opportunity in the healthcare real estate sector.

Investment highlights

Listing Contacts

PR
TX 521093
Lee & Associates - Dallas/Fort Worth
LK
TX 811161
Lee & Associates - Dallas/Fort Worth
Listed by Lee & Associates - Dallas/Fort Worth

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Loan Amount
$0.00
Annual Debt Service
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Annual Cash Flow
$144,549.00
$12,045.75/mo

Valuation Metrics

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DSCR
8.03%
Cap Rate
8.03%
ROI

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