Office Space For Lease @ 721 Chuck Gray Ct

This stand alone office property is leased to Growing Minds Learning Center. Growing Minds offers the highest quality of intensive, research-based behavioral treatment for children and young adults between the ages of 20 months through adulthood with autism spectrum and related disorders. Growing Minds has leased the property since 2013 and just renewed for another 3-year term that includes 2% annual rent bumps.

Growing Minds has 10 locations in Kentucky and is backed by Graham Health Care Capital out of Nashville, TN who pays the rent.

The lease states the tenant is responsible for everything inside the building including property taxes and insurance. The landlord is responsible for roof and structure as well as lawn care.

This is an ideal opportunity for a first-time investor to buy a commercial real estate investment with little management and a solid return at a 7.5% cap rate and a projected 17% internal rate of return based on a 5-year cash flow analysis.

In place rent is also below market rent by over 25% providing significant upside for the new owner. This space offers accomodations for: office building.