Lone Oak Retail Investment

Retail-Commercial for Sale
Sale Pending
Catylist Listing ID: 29843658
Property Subtypes: Restaurant, Street Retail
Status: Pending
Building Size (RSF): 3,250 SF
Gross Building Area: See Agent
Sale Price: $1,175,000
Unit Price: $361.54 PSF
Property Use Type: Net Leased Investment (NNN)
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 11/17/2017

Overview / Comments

For sale to qualified investors a two tenant retail center located in Paducah, KY. This subject property is 100% occupied and is 3,250 sq/ft. Located centrally on the corner of Lone Oak Road and Jackson street with over 22,000 cars a day. Adjacent to Walgreens and Kroger and next to CVS. This Lone Oak Retail Center was built in 2006 with the two original tenants in Subway and Little Caesars. In 2008, an additional revenue stream was added in the form of a Billboard with Lamar Signs. Both tenants in Subway and Little Caesars are on Triple Net Leases (NNN). This property is located on the South Side of Lone Oak Road in Paducah, KY. This property boasts excellent visibility and easy ingress and egress. This property is centrally located between the two Hospitals in Paducah, KY in Lourdes and Western Baptist making this a perfect location for Quick Serve Restaurants such as Subway and Little Caesars.

Additional Details

Nearest MSA: Paducah
County: McCracken
Zoning: C-2
Market Type: Medium
Retail Clientele: General
Property Located Between: CVS & Dunkin Donuts
Side of Street: Southeast
Road Type: Paved
Property Visibility: Excellent
Largest Nearby Street: Lone Oak Road
Traffic/Vehicle Count: 23,000
Transportation: Bus, Shuttle, Rail, Highway, Airport, Taxi
Highway Access: 3/4mile from Interstate 24.
Area Description: Founded in 1827 by William Clark of Lewis & Clark fame, Paducah's origins and prosperity can be attributed to its strategic location at the confluence of the Ohio and Tennessee rivers. The combination of southern charm and hospitality that originated with Paducah's founding is still alive and well in this vibrant river city today. Paducah comprises a 15-county region encompassing 4,396 square miles and is home to more than 250,000 people. It is the 78th-largest media market in the United States.
Total Number of Buildings: 1
Number of Stories: 1
Typical SF / Floor: 3,250 SF
Property Condition: Excellent
Year Built: 2006
Roof Type: Flat
Parking Type: Surface

Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 8,076 31,882 46,670
Median Age: 44.36 40.83 41.43
Households: 3,760 14,386 20,657

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