San Diego - North Property Search
Retail For Sale
3521 James Sanders Blvd, Paducah, KY 42001

Overview
Price: | $2,897,000 |
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Building Size: | 23,500 SF |
Property Type: | Retail |
Total Lot Size: | 2.79 Acres |
Cap Rate: | 7.5% |
NOI: | $217,180 |
Description
AMERICAN FREIGHT FURNITURE & APPLIANCE – STRONG REVENUE – NATIONAL PRESENCE
AMERICAN FREIGHT OWNED BY FRANCHISE GROUP, INC. - $4.93 BILLION 2023 REVENUE
BELOW MARKET RENT – PRICED BELOW REPLACEMENT COST – SIGNIFICANT 21% RENT INCREASE IN FIRST OPTION - 9% CAP AT OPTION
SHADOW ANCHORED BY HIGH PERFORMING KENTUCKY OAKS MALL (5.7M ANNUAL VISITORS) – ANCHORED BY LARGE NATIONAL RETAILERS
PADUCAH, KENTUCKY – COUNTY SEAT WITH STRATEGIC LOCATION - METROPOLITAN AREA OF OVER 100,000 - LOCATED HALFWAY BETWEEN NASHVILLE & ST. LOUIS
LOGISTICS, SHIPPING, MANUFACTURING, AND TRANSPORTATION HUB - ACCESS TO I-24 & I-69 CORRIDOR
American Freight Furniture & Appliances corporate lease, 2018 Build to Suit investment opportunity located in Paducah, KY. American Freight, a subsidiary of Franchise Group Inc., offers affordable, high-quality furniture, mattresses and appliances. With more than 5 million satisfied customers, American Freight has a strong legacy of helping customers save money since 1994. The company has over 370 U.S. locations in 40 states. The company reported sales of over $862 Million in 2022.
Location
PADUCAH, KENTUCKY – COUNTY SEAT WITH STRATEGIC LOCATION • 8.4% CENSUS POPULATION GROWTH OVER THE PAST DECADE • PADUCAH METROPOLITAN AREA POPULATION OF OVER 100,000. • LOCATED HALFWAY BETWEEN NASHVILLE AND ST. LOUIS AT THE CONFLUENCE OF THE OHIO,
TENNESSEE, AND CUMBERLAND RIVERS, JUST MILES FROM THE TENNESSEE-TOMBIGBEE WATERWAY
AND MISSISSIPPI RIVER
• CYROGENIC PROCESSORS, A RENOWNED LEADER IN CRYOGENIC FREEZING TECHNOLOGY, IS
PREPARING TO OPEN A STATE-OF-THE-ART FACILITY SPANNING 115,000 SQUARE FEET CRYOGENIC
FACILITY
Contact Broker
Ryan Bennett
Principal
Lee & Associates - North San Diego
Cell | 760.519.0240 |
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Office | 760.448.2449 |
Fax | 760.493.4104 |
Drew Olson
Associate
Lee & Associates - North San Diego
Cell | 760.519.1998 |
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Office | 760.448.1372 |
Fax | 760.493.4086 |
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