Exceptional investment opportunity: a 23,500 square foot American Freight Furniture storefront in Paducah, Kentucky. This fee-simple property boasts a strong, national corporate tenant with a 15.1-year lease (8.9 years remaining) commencing September 1, 2018, and expiring September 30, 2033. The lease is a Net Lease (NN+) with a corporate guarantee, ensuring consistent income. The property features a 7.75% cap rate and a current NOI of $217,180, with a significant 21% rent increase built into the first option, boosting the cap rate to 9%. The asking price is $2,802,000 ($119.23/sq ft). Built in 2018, this single-unit building sits on a 2.79-acre lot and includes a metal roof and concrete lot. The property benefits from its strategic location in Paducah, a county seat within a metropolitan area exceeding 100,000 residents, situated midway between Nashville and St. Louis. This area is a hub for logistics, shipping, manufacturing, and transportation, with easy access to I-24 and the I-69 corridor. The property enjoys shadow-anchoring by the high-performing Kentucky Oaks Mall (5.7 million annual visitors), further enhancing its visibility and appeal. American Freight, owned by Franchise Group, Inc. (a company with $4.93 billion in 2023 revenue), has a strong national presence with over 370 locations across 40 states, providing stability and confidence in this investment. This below-market rent property presents a compelling opportunity for investors seeking a secure, high-return investment with significant upside potential.
Highlights
American Freight Furniture & Appliance; strong national tenant with 370+ locations.
American Freight is owned by Franchise Group, Inc., a publicly traded company with $4.93B in 2023 revenue.
Below-market rent; 21% rent increase option; 9% cap rate in option.
Shadow-anchored by Kentucky Oaks Mall (5.7M annual visitors); anchored by Kohl's, Ross, Dick's Sporting Goods, Best Buy, Dillard's, HomeGoods, and Old Navy.
Located in Paducah, KY, a county seat in a metro area exceeding 100,000, strategically positioned between Nashville and St. Louis.
Situated in a logistics, shipping, manufacturing, and transportation hub with I-24 and I-69 access.
How do I add a non-forward facing team member such as a broker coordinator or broker aide to a listing in order to ensure they get notifications on the property?
Please email our support team at [email protected] and they will add the team member.
How do I access a private listing?
Please contact the broker directly with the information provided on the listing. Once the broker approves your credentials he will make the information public to you.
How can I contact the broker?
We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.
How do I unsubscribe from emails?
At the footer of each email you will find links to Reduce Email Frequency, Adjust Email Settings or Unsubscribe altogether. If you choose to Unsubscribe and are still receiving emails please reach out to us at [email protected].
Contacts
Drew Olson
Ryan Bennett
Christopher Kinnard
Stanton Falk
Visit Broker Website
Learn more
Useful Information
Request information
3521 James Sanders Blvd, Paducah, Kentucky, 42001
Message sent successfully
Error
If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
3521 James Sanders Blvd, Paducah, Kentucky, 42001
Message sent successfully
Error
Email this Information
Message sent successfully
Error
Disclaimer
The property value estimates provided on this website are automated calculations based on publicly available data, user-submitted information, and proprietary algorithms. These estimates are not appraisals and should not be used as a substitute for a professional valuation by a licensed appraiser.
We do not guarantee the accuracy, reliability, or completeness of these estimates, as market conditions, property features, and other factors may affect actual property values. Users should conduct their own due diligence and consult with a real estate professional before making financial or investment decisions.
By using this service, you acknowledge and accept that all estimates are provided for informational purposes only and that this website assumes no liability for any reliance on the provided valuations.
3521 James Sanders Blvd
Sign Up
Already a member?
Just one more step, let’s verify your email
We have sent a verification link to
Please check your inbox to complete the process.
Just click on the link in that email to complete your Sign up.
If you don’t see it, you may need to check your spam folder.
Email verification link expired
It seems that the verification link has expired.
No worries! We can send you a new link to email
Log In
Don't have an account?
Reset your password
New to Paperhouses?
Paperhouses
Reset your password
Enter the email address associated with your account and we'll send you a link to reset your password.
Check your email
We've resent password reset instructions to if it is an email on file.
Thanks! If matches an email we have on file, then we've sent you an email containing further instructions for resetting your password.
If you haven't received an email in 5 minutes, check your spam, resend, or try a different email.