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3521 James Sanders Blvd

23,500 SF Retail Building Paducah, KY 42001 $2,802,000 ($119/SF) 7.75% Cap Rate

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Investment Highlights

AMERICAN FREIGHT FURNITURE & APPLIANCE – STRONG REVENUE – NATIONAL PRESENCE
BELOW MARKET RENT – PRICED BELOW REPLACEMENT COST – SIGNIFICANT 21% RENT INCREASE IN FIRST OPTION - 9% CAP AT OPTION
PADUCAH, KENTUCKY – COUNTY SEAT WITH STRATEGIC LOCATION - METROPOLITAN AREA OF OVER 100,000 - LOCATED HALFWAY BETWEEN NASHVILLE & ST. LOUIS

AMERICAN FREIGHT OWNED BY FRANCHISE GROUP, INC. - $4.93 BILLION 2023 REVENUE
SHADOW ANCHORED BY HIGH PERFORMING KENTUCKY OAKS MALL (5.7M ANNUAL VISITORS) – ANCHORED BY LARGE NATIONAL RETAILERS
LOGISTICS, SHIPPING, MANUFACTURING, AND TRANSPORTATION HUB - ACCESS TO I-24 & I-69 CORRIDOR

Executive Summary

American Freight Furniture & Appliances corporate lease, 2018 Build to Suit investment opportunity located in Paducah, KY. American Freight, a subsidiary of Franchise Group Inc., offers affordable, high-quality furniture, mattresses and appliances. With more than 5 million satisfied customers, American Freight has a strong legacy of helping customers save money since 1994. The company has over 370 U.S. locations in 40 states. The company reported sales of over $862 Million in 2022.

Property Facts

Sale Type

Investment NNN

Sale Conditions

1031 Exchange

Property Type

Retail

Property Subtype

Freestanding

Building Size

23,500 SF

Building Class

Year Built

2018

Price

$2,802,000

Price Per SF

$119

Cap Rate

7.75%

NOI

$217,180

Tenancy

Single

Building Height

1 Story

Building FAR

0.19

Lot Size

2.79 AC

Zoning

C-2

Amenities

Signage

Retailer
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Jan 0000

American Freight, a subsidiary of Franchise Group Inc., offers affordable, high-quality furniture, mattresses and appliances through its direct-to-consumer, warehouse-style stores. With more than millions of satisfied customers, American Freight, based in Delaware, Ohio, has a strong legacy of helping customers save money since 1994. American Freight offers exceptional customer service and a one-stop-shop for quality furniture, mattresses and appliances at everyday low prices. The company has over hundreds of U.S. locations throughout many states.