Medical Center Offering Paducah, KY
Office | 7.50% CAP
Marketing description
100% leased Class B medical center located in the city of Paducah which serves as one of the larger economic hubs in western Kentucky. The property is 1.18 acres and features a building with 6,715 rentable square feet, ample parking, and excellent road frontage. The property is located on U.S. 62 which is a heavily traveled road in Paducah featuring over 19,500 VPD in front of the property. Dense residential surrounds the property along with multiple schools.
This stretch of U.S. 62 features multiple medical users, a hospital, and an urgent care center creating a unique and robust medical corridor in Paducah. The immediate area also features prominent retailers such as Kroger, Harbor Freight, Walgreens, Dunkin Donuts, Banterra Bank and more.
Investment highlights
6,715 SF two-tenant medical center
Located in robust medical & residential corridor of Paducah, KY
19,500 VPD (23) on U.S. 62 in front of property
Maximum Visibility - The site offers great visibility along U.S. 62 and features a large monument sign in front of the property
Located less than a mile from I-24, in a major medical corridor
Ideal 1031 or Private Equity Play-Limited landlord responsibilities, stable cash-flow, and sound real estate fundamentals make this an ideal 1031 replacement property or private equity investment
Opportunity for rent increases
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