T-Mobile & Koi Express 492 Indian Mound Dr

NNN Pro and Bang Realty are pleased to present the exclusive listing for a T-Mobile & Koi Express located at 492 Indian Mound Drive, Mount Sterling, KY 40353. The site consists of roughly 4,689 rentable square feet of building space on an estimated 1.21- acre parcel of land. The Subject Property was built in 2021 and is priced below replacement cost This is a new build with a 15-year warranty on the roof, priced below replacement cost and recent appraisal. The two-tenant retail building is 100% Occupied and leased to T-Mobile and Koi Express Hibachi & Sushi (5-Units). Both leases have a corporate guarantee, Koi Express has an additional personal guarantee from the owner. T-Mobile is operating on a 10-year lease with approximately 7 years remaining on the initial term. Koi Express is operating on a 10-year lease with approximately 9 years of term remaining with a weighted average lease-term (WALT) of 8.15 years.
The property has high visibility and easy access with frontage on Indian Mound Drive, experiencing 16,078 VPD, and is located just off I-64, which experiences 103,231 VPD. Mount Sterling, located 20-miles outside Lexingtin, KY has continued to grow at a significant rate, with more people moving into the county, both commuting to Lexington for work and working at the growing +137-acre Industrial Park. There are over 30 manufacturers located in Mount Sterling, including Nestle with 1,250 employees where 100% of Hot Pockets are made.
- The Subject Property is an outparcel to Lowe’s Home Improvement and shadow anchored by Walmart Super Center, both driving traffic into the immediate area.
- 100% Occupied Two Tenant Retail Building Leased to T-Mobile and Koi Express Hibachi & Sushi. Both leases have a corporate guarantee, Koi Express has an additional
personal guarantee from the owner.
- Long Term Leases with Minimal Landlord Responsibilities T-Mobile is operating on a 10-year lease with approximately 7 years remaining on the initial term. Koi Express is
operating on a 10-year lease with approximately 9 years of term remaining with a weighted average lease-term (WALT) of 8.15 years.
- Newer 2021 Construction Priced Below Replacement Cost This is a new build with a 15-year warranty on the roof, priced below replacement cost and recent appraisal.
- Mount Sterling (20-miles outside Lexington) and has continued to grow at a significant rate, with more people moving into the county, both commuting to Lexington for
work and working at the growing +137-acre Industrial Park. There are over 30 manufacturers located in Mount Sterling, including Nestle with 1,250 employees where 100% of
Hot Pockets are made.
- The property has high visibility and easy access with frontage on Indian Mound Drive, experiencing 16,078 VPD, and is located just off I-64, which experiences 103,231 VPD.