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.
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.
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Contacts
Trevor Short
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Park Ave Paducah, KY 42001
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Park Ave Paducah, KY 42001
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3525 Park Ave
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