3990 Hinkleville Rd Paducah, KY 42001

This exceptional investment opportunity presents a fee-simple ownership of a ±5,058 square foot Applebee's restaurant located at 3990 Hinkleville Rd, Paducah, KY 42001. The property sits on a 1.49-acre lot and boasts a strong 8.00% cap rate, generating a substantial net operating income (NOI) of $198,649. Built in 1992 and renovated in 2014, this single-story building benefits from a 100% occupancy rate under an absolute NNN lease with a remaining term of 7.1 years, expiring January 10, 2032. The lease includes attractive rent bumps of 10% after 2.5 years and then every 5 years thereafter, ensuring consistent income growth. The lease also offers 4 and 5-year renewal options, demonstrating the tenant's long-term commitment to the location. This strategically located property is less than half a mile from the Kentucky Oaks Mall and enjoys high visibility due to its proximity to I-24 (34,500+ vehicles per day). The asking price is $2,483,113, translating to a price per square foot of $490.93. This sale is a leaseback transaction, offering a passive income stream with zero landlord responsibilities. The property's strong operating history, secure income stream, robust location fundamentals, and attractive yield make it an ideal investment for those seeking a stable and profitable addition to their portfolio. The property's APN is 086-00-00-011.01.