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6905 Burlington Pike, Florence, KY, 41042

BENNETT & BLOOM EYE CENTERS CONDO
$635,000

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Highlights

INVESTMENT HIGHLIGHTS

  • PARTNERSHIP WITH EYECARE PARTNERS – EyeCare Partners is a doctor-led, clinically integrated eye care platform with over 1,000 providers and more than 780 locations across 18 states. Since 2020, the group has been backed by a $2.2 billion investment from Partners Group, supporting strategic growth, practice integration, and continued reinvestment in technology and patient care. This strong backing ensures the tenant’s ongoing operational strength and commitment to expansion.
  • ESTABLISHED REGIONAL OPERATOR WITH BRAND RECOGNITION – Bennett and Bloom Eye Centers was founded in 1987 and operates nine locations throughout Kentucky and Indiana. The group is supported by more than 20 physicians and is well known for comprehensive ophthalmology services including LASIK, cataract surgery, glaucoma care, and advanced retina treatments. Their long-standing presence and reputation reinforce tenant stability and local market strength.
  • ATTRACTIVE NNN LEASE WITH ANNUAL INCREASES – The lease is structured as triple net, passing non capital expenses to the tenant. With fixed annual rent increases of 3 percent, investors benefit from predictable and growing net operating income without active management responsibilities.
  • LOCATED IN A TOP 30 MSA WITH STRONG DEMOGRAPHICS – Florence is part of the Cincinnati metropolitan area, ranked among the top 30 metropolitan statistical areas in the United States. Florence is one of Northern Kentucky’s fastest growing cities, with direct interstate access to Cincinnati just 12 miles away. Within a five mile radius of the property, there are over 150,000 residents and an average household income above $115,000. This strong demographic profile supports ongoing patient demand and reinforces long-term tenant success.
  • THRIVING LOCAL ECONOMY ANCHORED BY HEALTHCARE AND LOGISTICS – Florence benefits from a robust local economy supported by major employers in healthcare, manufacturing, logistics, and retail. Large employers include St. Elizabeth Healthcare, Bosch, Amazon, and Costco. This strong employment base drives a steady daytime population and high demand for healthcare services in the area.
  • HIGH VISIBILITY AND CONVENIENT ACCESS – The property enjoys excellent visibility along Burlington Pike, a major commercial corridor in Florence. Located near national retailers, schools, and dense residential neighborhoods, the site benefits from high traffic counts and strong surrounding consumer activity. The combination of easy access and a strong
    local presence enhances patient volume and supports tenant performance.

Location

Agents

Broker of Record

Kyle Matthews

License # 239410 (KY)
Matthews Real Estate Investment Services, Inc
1600 West End, Ste. 1500 Nashville, TN 37203

Key Information

Cap Rate
9.27%
$ per SF
$175
Tot. SF
3,625
Year Built
1988
Term Remaining
±2.5 YRS
Type
Healthcare
NOI
$58,833