3401 Coleman Rd Paducah, KY 42001
- Commercial real estate
- 5.68 lot acres
Mar 14, 2025
Current Use by Public Records
- Sunbelt Rentals / Equipment Rental Agency
Property Details for 3401 Coleman Rd
- Lot size
- 5.68 lot acres
- Property type
- Commercial real estate
- APN
- 086-10-00-026.16
- APU
- 86100002616
Description
This exceptional investment opportunity presents a newly constructed, 12,000-square-foot warehouse in Paducah, Kentucky, situated on a 5.68-acre lot. Built in 2024, this property boasts a 10-year net lease with Sunbelt Rentals, a leading equipment rental company with an investment-grade parent company (S&P: BBB-). The lease commenced May 1, 2024, and expires April 30, 2034, featuring annual rent bumps starting in year four, providing inflation protection. The property's strategic location in Paducah, KY, offers unparalleled access to major transportation corridors, including the Canadian National Railway and the Paducah-McCracken County Riverport, a significant inland port and Foreign-Trade Zone. This prime location, at the confluence of four major Eastern River Systems, makes it ideal for industrial operations. The asking price is $5,172,000, representing a 6.30% cap rate. The lease includes three 5-year renewal options, further enhancing the long-term value of this investment. The property's 100% occupancy and corporate guarantee provide exceptional security and passive income potential. The property's ample lot size allows for significant industrial outdoor storage capabilities, a highly sought-after feature in today's market. APN: 086-10-00-026.16. This is a rare opportunity to acquire a high-quality, strategically located industrial asset with a strong, creditworthy tenant.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Paducah
- County
- Mccracken
- State
- Kentucky
- Longitude
- -88.6798
- Latitude
- 37.0867
- CBSA code
- 37140
- CBSA name
- PADUCAH, KY-IL MICROPOLITAN STATISTICAL AREA
