1235 N Main St | Madisonville, KY 42431
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- LoopNet Team
1235 N Main St
Madisonville, KY 42431
Retail Property For Sale
INVESTMENT HIGHLIGHTS
- Subject is a 24,538 Square-Foot Freestanding Retail Building on 3.294 Acres with 87 Parking Spaces that was Recently Renovated in 2018
- Triple Net Lease with a Corporate Guaranty from Harbor Freight Tools USA, Inc, with a “BB-” Rating from Moody’s
- Eight Years Remaining with Five (5-Year) Options, Next Rental Increase in 2023 and at the Beginning of Each Option Period
- Situated Along Major Retail and Commuter Corridor North Main Street/U.S. Route 41 and KY-281 Intersection with Combined Traffic Counts of Over 40,000
- Harbor Freight is an Essential Retailer, Lease Calls for 10% Escalations Every 5 Years
- Low Price Point Opportunity with 100 Percent Occupancy and Strong Co-tenant Potential | Seller to Sign a Five Year Master Lease at Close on 8,633 SqFt
PROPERTY FACTS
Property Type
Retail
Property Subtype
Building Size
24,711 SF
Building Class
B
Year Built
1980
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.17
Lot Size
3.29 AC
Zoning
GC - zoned for commercial use
Parking
79 Spaces (3.2 Spaces per 1,000 SF Leased)
Frontage
AMENITIES
- Freeway Visibility
- Pylon Sign
- Signage
PROPERTY TAXES
| Parcel Number | M-31-2-2 | Improvements Assessment | $0 |
| Land Assessment | $0 | Total Assessment | $3,117,100 |
PROPERTY TAXES
Parcel Number
M-31-2-2
Land Assessment
$0
Improvements Assessment
$0
Total Assessment
$3,117,100
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