3525 Park Ave Paducah, KY 42001-4054

Property Details for 3525 Park Ave

Lot size

2.99 lot acres

Property type

Commercial real estate

APN

095-10-00-002.04

APU

95100000204

Description

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.