UPPERLINE HEALTH

479 Whirlaway Dr, Danville, KY 40422
$988,968

Cap Rate
8.00%
Price Per SF
$169
Year Built
2011
Leasable Area
5,850 SF
Term Remaining
±6.56 YRS
Property Type
Healthcare

INVESTMENT HIGHLIGHTS

  • Hospital Adjacent – Many of the properties have a hospital adjacent location which is prime for a medical office due to the referral base and reputation. This also attracts patients, physicians, and potential tenants to the area.
  • Highly Visible – Each site’s location is convenient and accessible, which is crucial for Healthcare Real Estate, especially with today’s patients demanding ease of access.
  • Tax Friendly State – Kentucky recently reduced its income tax rate by 0.5% with plans to reduce it by the same for 2024, making it one of the lowest income tax states in the country.
  • Referral Network – All 10 Upperline Health locations are within proximity to each other, creating a strong referral network for patients to visit the most convenient location and for physicians to travel to various clinics efficiently.
  • Medical Office Buildings – Healthcare Real Estate has persisted through various consumer trends and economic downturns, holding out as a favorable asset type due to its resilient tenants, favorable lease terms, and long-term tenants.
  • Annual Rental Increases – Maintain growth of your investment dollars while hedging against inflation with annual rental increases among tenants included in this portfolio.
  • Advantageous Return – This property includes a year one return of 8.00%, allowing investors the rare opportunity to make a profitable return without needing to take on a value-add project.
  • Limited Landlord Responsibility – Each NN Upperline Health lease allows an investor to receive passive investment income with limited landlord responsibilities and reduces the need for an additional management expense.

Broker of Record

  • Kyle Matthews
  • License No. 239410 (KY)
  • (866) 889-0550
  • Matthews Real Estate Investment Services, Inc.
  • 1600 West End,
    Ste. 1500 Nashville, TN 37203