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Retail For Sale

3521 James Sanders Blvd, Paducah, KY 42001

Overview

Price:$2,897,000
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

Cell760.519.0240
Office760.448.2449
Fax760.493.4104

Drew Olson
Associate
Lee & Associates - North San Diego

Cell760.519.1998
Office760.448.1372
Fax760.493.4086

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