3525 Park AvePaducah, KY 42001

For Sale
$1,158,080
Net Lease Retail Investment; High Cap Rate

Overview

Added:
Dec 11, 2024
Days on market:
126
Exceptional investment opportunity: a 6,500 square foot Sunbelt Rentals storefront in Paducah, Kentucky. This net lease property boasts a strong 6.25% cap rate and a remaining lease term of approximately 0.4 years, expiring March 30, 2025. The property, built in 2006, sits on a 3-acre lot at 3525 Park Ave, Paducah, KY 42001, within a thriving retail corridor. The high-traffic location, with 23,662 vehicles passing daily on Hinkleville Rd, ensures excellent visibility. Sunbelt Rentals, an investment-grade tenant with a Moody's Ba1 rating, is a leading North American rental equipment company with over 1,025 locations and $6.477 billion in annual revenue. The lease, commenced March 31, 2015, is a single-tenant, net lease agreement requiring minimal landlord responsibilities. The property's strong demographics include over 44,575 residents within a 5-mile radius. The asking price is $1,158,080, translating to $178.17 per square foot, and the property generates a net operating income (NOI) of $72,380. This is a rare opportunity to acquire a high-performing, low-maintenance retail investment in a prime location. The property offers significant potential for long-term growth and passive income.

Highlights

  • Sunbelt Rentals, investment-grade tenant, with approximately two years remaining lease term.
  • Net lease structure minimizing landlord responsibilities.
  • Strong demographics: over 44,575 residents within a 5-mile radius.
  • Excellent location in a dense retail corridor near major retailers.
  • High visibility: over 23,662 vehicles per day pass the property on Hinkleville Rd.
  • Sunbelt Rentals (Moody's Ba1 rating) is a leading North American rental equipment company with over 1,025 locations and $6.477 billion in annual revenue.

Property Details for 3525 Park Ave

Property type
Retail properties, Retail space
Square Feet
6,500 SF
Year Built
2006
Buildings
1
Lot Size (sq. ft)
130,680 SF
Units
1

Location Insight

City
Paducah
County
McCracken
State
Kentucky
Latitude
37.08394208
Longitude
-88.66298766
3525 Park Ave, Paducah, Kentucky

FAQs

What type of property is this?
Retail property - Net Lease Retail Investment; High Cap Rate
Where is the retail property located?
The property is located at 3525 Park Ave Paducah, KY.
What is the asking price?
The asking price for this property is $1,158,080.
What are key features of this property?
This property features: Sunbelt Rentals, investment-grade tenant, with approximately two years remaining lease term.; Net lease structure minimizing landlord responsibilities.; Strong demographics: over 44,575 residents within a 5-mile radius.
How can I contact the broker?
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3525 Park Ave
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