New Automotive NNN Lease
For Sale
$1,318,133
3525 Park Avenue, Paducah, KY 42001
New 10-year NNN lease with established automotive service tenant.
Property Size7,500 SF
Days on Market215
Property Features for 3525 Park Avenue
General Information
Standard status
Active
Size
7,500 SF
Property subtype
Industrial
Building Details
Building Size
7,500 SF
Year Built
2005
Listing Agency:
SVN | Second Story RE Management
Listed By:
John Markley · License #TN346442
(423) 243-6348
Source:
Svn
Added: Mar 6
Changed: Oct 7
Last Checked: Oct 7 at 9:43AM
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 SVN | Second Story RE Management
Investment Insights
Based on property information with market context.
This property presents a new 10-year single-tenant NNN lease opportunity in Paducah, Kentucky, a regional commercial hub in western Kentucky. Paducah serves as a primary retail destination for surrounding communities and benefits from stable population levels, consistent consumer demand, and strong automotive traffic patterns. The area's economy is supported by healthcare, manufacturing, transportation, and retail industries. The new lease provides investors with long-term income security through April 2035. The tenant operates under the nationally recognized Ziebart brand, a global leader in automotive protection services founded in 1959. The passive NNN lease structure means the tenant is responsible for taxes, insurance reimbursements, utilities, HVAC maintenance, and general property upkeep, with landlord responsibilities limited to roof and structural components. The tenant has personally guaranteed the full term of the lease, demonstrating a strong commitment. Automotive maintenance and protection services provide consistent demand regardless of economic cycles. This is an ideal opportunity for 1031 exchange and passive investors seeking stable cash flow.
Key Highlights
- New 10‑Year NNN Lease provides long‑term income security through April 2035
- Passive NNN Lease Structure limits landlord responsibilities to roof and structural components
- Established Automotive Service Tenant: Nationally recognized Ziebart brand, a global leader founded in 1959
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$89,586
Cap Rate
6.80%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,791,720
$1.8M
Cap Rate 7%
$1,279,800
$1.3M
Cap Rate 9%
$995,400
$995.4K
Market Conditions
NOI Build-Up for 7,500 SF
Gross rent
$142.2K $18.96/SF
− Vacancy
−$14.2K −$1.90/SF
EGI
$128.0K $17.06/SF
− OpEx
−$38.4K −$5.12/SF
NOI
$89.6K $11.94/SF
Area
McCracken County, KY
Vacancy
10.00%
Lease Rate
$18.96 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,791,720
Cap Rate 7%
$1,279,800
Cap Rate 9%
$995,400
Alternative Uses
Best Use
Industrial
$1.28M
$1.12M – $1.49M
NOI $89,586 @ 7.0% cap · market cap 6.80%
Second Best
Retail
$1.17M
$1.02M – $1.37M
NOI $81,995 @ 7.0% cap · market cap 6.22%
Theoretical Best
Warehouse
$1.56M
$1.37M – $1.82M
NOI $109,387 @ 7.0% cap · market cap 8.30%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
210
Businesses Nearby
4k
Monthly Visits Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 65%
Beauty & Spa 35%
Paducah Ford, Inc
Shops & Services
2,715 visits/mo
0.2 miles
Cosmoprof
Beauty & Spa
1,448 visits/mo
0.4 miles
Demographics for 42001, KY
31,579
Population
14,815
Households
2.1
Avg Household Size
41
Median Age
36%
College-Educated
94%
High-School Grad
74.2 sq mi
ZIP Area
426
Density / Sq Mi
$68,868
Median Household Income
$42,334
Median Earnings
$916
Median Rent
$210,100
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Retail in South region
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Similar Off Market Nearby
- Western Kentucky Window Tinting of Paducah — 3545 Park Plaza Rd, Paducah, KY 42001
- Paducah Ford, Inc. Service — 3476 Park Ave, Paducah, KY 42001
- Paducah Mazda Service — 3476 Park Ave, Paducah, KY 42001
- Quick Lane — 3476 Park Ave, Paducah, KY 42001
- Paducah Ford, Inc. Collision — 3476 Park Ave, Paducah, KY 42001
Frequently Asked Questions
What type of property is this?
Auto shop - New 10-year NNN lease with established automotive service tenant.
Where is this auto shop located?
The property is located at 3525 Park Avenue Paducah, KY.
What is the asking price?
The asking price for this property is $1,318,133.
What are key features of this property?
This property features: New 10‑Year NNN Lease provides long‑term income security through April 2035; Passive NNN Lease Structure limits landlord responsibilities to roof and structural components; Established Automotive Service Tenant: Nationally recognized Ziebart brand, a global leader founded in 1959
