3401 Coleman RdPaducah, KY 42001

For Sale
$5,172,000

Kentucky industrial NNN lease, strong tenant.

Overview

Added:
Dec 11, 2024
Days on market:
92
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.

Highlights

  • Investment-grade tenant: Sunbelt Rentals (S&P: BBB-), a leading equipment rental company, provides a strong corporate guarantee.
  • New 12,000 SF warehouse on 5.68 acres in Paducah, KY, built in 2024; offers significant industrial outdoor storage.
  • 10-year NNN lease with Sunbelt Rentals, commencing May 1, 2024, including three 5-year renewal options and annual rent increases starting in year four.
  • Prime location in Paducah, KY, providing access to the Canadian National Railway and the Paducah-McCracken County Riverport, a Foreign-Trade Zone.

Property Details for 3401 Coleman Rd

Property type
Other warehouses, Other industrial properties
Square Feet
12,000 SF
Year Built
2024
Lot Size (sq. ft)
247,421 SF

Location Insight

City
Paducah
County
McCracken
State
Kentucky
Latitude
37.0866299
Longitude
-88.677959
3401 Coleman Rd, Paducah, Kentucky

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3401 Coleman Rd
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