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28940711
28940712

726 Harvard Dr, Owensboro, KY 42301

BB
KY 23188
Barron Commercial Group
TH
WM G Barron Enterprises
Listed by Barron Commercial Group, WM G Barron Enterprises
$621,000
171 days on market
Updated 22 days ago

Small STNL Office Building

Details
APN 004-16-11-006-B0-000
Property Type Office
Sub Type Executive Office, Traditional Office
Square Footage 2,498
Cap Rate 7.51%
NOI $46,610
Occupancy 100%
Tenancy Single
Brand/Tenant Benchmark Family Services
Lease Type NNN
Remaining Term 3
Price per SqFt $249
Class A
Year Built 1990
Year Renovated 2019
Buildings 1
Stories 1
Acreage 0.353
Zoning B-4
Investment Type Net Lease

Office | 7.51% CAP | 2,498 SqFt

Marketing description

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.

Investment highlights

  • Long-Term, Committed Tenant: Benchmark Family Services

  • Essential, Government-Backed Service Provider

  • Net Lease Structure: Tenant is responsible for all maintenance, repairs, etc.

  • Predictable Rent Growth: CPI-adjusted increases apply at the start of each renewal term

Listing Contacts

BB
KY 23188
Barron Commercial Group
TH
WM G Barron Enterprises
Listed by Barron Commercial Group, WM G Barron Enterprises

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Loan Amount
$0.00
Annual Debt Service
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Annual Cash Flow
$46,610.00
$3,884.17/mo

Valuation Metrics

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DSCR
7.51%
Cap Rate
7.51%
ROI

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