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NNN Two Tenant Retail | O’Reilly and Harbor Freight

1233 N Main St, Madisonville, KY, USA Map
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Listing Price $3,232,497

Status Closed
Lease Type NNN
Property Type Retail
CAP Rate 6.75%
GLA (Sq. Ft.) 24,711
NOI $218,194
Lease Term Remaining 9.5 Years (O'Reilly) 5 Years (Harbor Freight)
Increases Every 5 Years
Options 4 x 5 Years (O'Reilly) 5 x 5 Years (Harbor Freight)
State (BOR) KY
Broker of Record Colby Haugness
License # (BOR) 242197
Close Date Jan 5, 2024

Investment Highlights

View Property Tours
  • Traffic Counts on Main Street (21,031 VPD) and
    Island Ford Road (19,523 VPD), Three-Quarters
    a Mile off of Pennyrile Parkway (26,608 VPD)
    (Source: LandVision, CoStar, 2022)
  • Well Established Retail Corridor | Nearby National
    Retailers Include: Kroger, Lowe’s, Days Inn,
    Comfort Inn, Applebee’s, McDonald’s, Dollar
    General, Advance Auto Parts, CVS, Sherwin
    Williams, and Others
  • Thriving Community with an Average Household
    Income of Over $67,000 within Five Miles of
    the Subject Asset, as of 2022
  • Parks and Outdoor Recreational Facilities Nearby
    Include: 265-Acre Mahr Park & Arboretum,
    Grapevine Lake Park, Madisonville City Park and
    Golf Complex, Lake Peewee, Lakeshore Country
    Club, and More
  • Subject is 1 Mile from Downtown Madisonville
    with a Population of 19,420

Investment Overview

Subject is a 24,711 Square-Foot O’Reilly Auto Parts and Harbor Freight on a 3.29-Acre Lot with Ample Parking on Arterial Highway 41 through Madisonville, Kentucky. NNN Leases with 10-Year Base Terms and Minimal Landlord Responsibility | Rental Increases Every 5 Years, 4 to 5 x 5-Year Options.

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This information has been secured from sources we believe to be reliable, but we make no representations or warranties, expressed or implied, as to the accuracy of the information. References to square footage or age are approximate. Buyer must verify the information and bears all risk for any inaccuracies. Any projections, opinions, assumptions or estimates used herein are for example purposes only and do not represent the current or future performance of the property. Marcus & Millichap Real Estate Investment Services is a service mark of Marcus & Millichap Real Estate Investment Services, Inc. © 2020 Marcus & Millichap and Limon Net Lease Group

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