2521 Lawrenceburg Rd, Frankfort, KY 40601

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Building Details:

This property is an office building in Frankfort Kentucky that has been leased long term to Commonwealth of Kentucky. Since 1999, the Division of Abandoned Mines has leased the premises. Attractive cap rate and strength of the tenant make this an attractive cash flow/yield oriented investment. Current NOI is $79,314, which results in a cap rate on asking price of 9.5%. The property has plenty of parking with 80 spaces, new AC and a 10 year roof warranty. There is also room for expansion on the site. Call today for further info on this attractive investment.