Corporate-Leased Retail
3521 James Sanders Blvd Paducah, KY 42001
For Sale
Contact for pricing
Build-to-suit retail property occupied by American Freight on a corporate lease.
Property Size23,500 SF
Price / SF$123.28
Days on Market161
Property Features for 3521 James Sanders Blvd
General Information
Standard status
Active
Size
23,500 SF
Property subtype
RETAIL
Listing Agency:
Lee & Associates | North San Diego County
(760) 519-0240
Listed By:
Ryan Bennett · License #01826517
(760) 519-0240
Source:
Moodyscre
Added: Feb 18
Changed: Jul 26
Last Checked: Jul 28 at 4:24PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Lee & Associates | North San Diego County
Investment Insights
Based on property information with market context.
This build-to-suit retail investment property was constructed in 2018 and is currently under a corporate lease with American Freight Furniture & Appliances. The offering is presented as an American Freight tenant opportunity tied to the company’s ongoing operations.
The property is located at 3521 James Sanders Blvd in Paducah, Kentucky.
American Freight, a subsidiary of Franchise Group Inc., operates more than 370 U.S. locations across 40 states, with reported sales exceeding $862 million in 2022.
The property is located at 3521 James Sanders Blvd in Paducah, Kentucky.
American Freight, a subsidiary of Franchise Group Inc., operates more than 370 U.S. locations across 40 states, with reported sales exceeding $862 million in 2022.
Key Highlights
- Build‑to‑suit retail property in Paducah, KY, occupied by American Freight
- American Freight corporate lease (2018 build‑to‑suit investment)
- American Freight is a subsidiary of Franchise Group Inc.
Financial Insights For Retail
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $386.3k | $16.44 |
| − Vacancy | −$19.3k | −$0.82 |
| EGI | $367.0k | $15.62 |
| − OpEx | −$110.1k | −$4.69 |
| NOI | $256.9k | $10.93 |
23,500 SF · lease $16.44/SF/yr · vacancy 5.00% · expense 30.00%
Alternative Uses
Best Use
Retail
$3.67M
$3.21M – $4.28M
NOI $256,916 @ 7.0% cap · market cap 8.87%
Second Best
—
—
no second resolved use
Theoretical Best
Warehouse
$4.90M
$4.28M – $5.71M
NOI $342,747 @ 7.0% cap · market cap 11.83%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Location Intelligence
Current Use
Frequently Asked Questions
What type of property is this?
Retail space - Build-to-suit retail property occupied by American Freight on a corporate lease.
Where is this retail space located?
The property is located at 3521 James Sanders Blvd Paducah, KY.
What is the asking price?
The asking price for this property is $2,897,000.
What are key features of this property?
This property features: Build‑to‑suit retail property in Paducah, KY, occupied by American Freight; American Freight corporate lease (2018 build‑to‑suit investment); American Freight is a subsidiary of Franchise Group Inc.
