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5165 Hinkleville Rd
Paducah, KY 42001
Purcell Tire & Rubber Company · Retail Property For Sale
INVESTMENT HIGHLIGHTS
- Investment NN Opportunity.
- Recent Roof Replacement.
EXECUTIVE SUMMARY
Investment opportunity on Hinkleville Rd. near Kentucky Oaks Mall! This property has been continuously leased to Purcell Tire Company of Kentucky, Inc. since its construction. Lease is NN, with the landlord responsible for the roof & foundation. Current lease runs through August 31, 2027. New roof installed in 2024, new HVAC 2020 & 2017. With 100' of frontage on Hinkleville Rd. (US Hwy 60) and lying less than 3/4 of a mile from I-24, this property presents an opportunity for potential lease renegotiation or redevelopment soon, while enjoying the security of a long-term, well-established tenant in the meantime. Property is offered at a 6.1% cap based on the current NN lease income. Leases available upon request. Priced to sell!
PROPERTY FACTS
Sale Type
Investment
Property Type
Retail
Property Subtype
Freestanding
Building Size
6,898 SF
Building Class
C
Year Built
1969
Price
$799,900
Price Per SF
$115.96
Cap Rate
6.10%
NOI
$48,794
Tenancy
Single
Building Height
1 Story
Building FAR
0.35
Lot Size
0.45 AC
AMENITIES
- Air Conditioning
PROPERTY TAXES
| Parcel Number | 076-40-00-072.01 | Improvements Assessment | $0 |
| Land Assessment | $0 | Total Assessment | $663,600 |
PROPERTY TAXES
Parcel Number
076-40-00-072.01
Land Assessment
$0
Improvements Assessment
$0
Total Assessment
$663,600
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