NNN Leased Office Condo Recently Renovated

This 1,560 SF renovated office condo offers a turnkey, income-producing opportunity for a passive investor. Strategically located in the high-demand Blankenbaker Parkway corridor, the property combines a fresh, modern interior with a secure, long-term NNN tenant already in place.

Investment Highlights

• Immediate Cash Flow: Currently leased to a NNN tenant at $16,800/year ($1,400/month).

• Secure Lease Terms: A 3-year term that commenced on July 1, 2024, providing stability for the next several years.

• Built-in Growth: The lease features 3% annual rent escalations, serving as an excellent hedge against inflation.

• Low Maintenance: As a NNN lease, the tenant is responsible for property expenses, simplifying ownership for the landlord.

Property Features

• Move-In Ready Renovations: Recently updated with new flooring, fresh paint, and modern restroom fixtures.

• Functional Layout: Optimized for professional services, featuring six large private offices, a dedicated conference room, a storage room, and two bathrooms.

• Class & Build: A well-maintained 2001-build Class C office condo within a professional complex.

Strategic Location

• Prime Corridor: Situated just off Blankenbaker Parkway between Shelbyville Road and I-64.

• Superior Connectivity: Provides lightning-fast access to the I-64 and I-265 (Gene Snyder) interchanges, making it easily accessible for clients and employees throughout the Louisville metro area.

Financial Snapshot