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30031705
30031706

575 Whittington Dr, Madisonville, KY 42431 For Sale

FR
MI 6502417063
SRS Real Estate Partners Newport Beach
MC
MI 6501369793
SRS Real Estate Partners Newport Beach
Listed by SRS Real Estate Partners Newport Beach
$13,171,000
138 days on market
Updated 138 days ago

Madisonville Town Center

Details
APN M-31-4-3
Property Type Retail
Sub Type Shopping Center, Storefront
Square Footage 71,791
Cap Rate 7.15%
NOI $941,693
Occupancy 100%
Tenancy Multi
Price per SqFt $183
Year Built 2025
Buildings 3
Stories 1
Acreage 18.780
Zoning General Commercial
Parking Spaces 529 spaces
Parking per 1,000 SqFt 7.37
Investment Type Net Lease
Ground Lease No
Ownership Fee Simple

ALDI and Hobby Lobby Shadow Anchored | Anchored by Bealls, Marshalls, and Five Below | 100% Occupied

Marketing description

Madisonville Town Center is located off of Island Ford Road (17,700 VPD) and is just a short distance West from Interstate 69 (30,500 VPD). Island Ford Road, is the primary retail and commercial thoroughfare serving the city of Madisonville. The Center is also adjacent to a Starbucks (also available), Aspen Dental, and Fifth Third Bank pad. Additionally the asset is across from a Kroger and Lowe’s Home Improvement-anchored center providing the benefit of high crossover shopping exposure. This Kroger and Lowe’s have an annual combined visit count of 1.8M+, making them the most visited within their category group within 15 miles and placing them in the 90th+ percentile in the state. Additional surrounding Tenants include McDonald’s, Harbor Freight, O’Reily Auto Parts, Fresenius, and more. The property is also a 5-minute distance from Baptist Health Deaconess Madisonville, a 410-bed medical center with a 20-bed critical care unit. Madisonville Town Center is also near numerous single-family communities and multi-family complexes, providing a direct residential consumer base. The 5-mile trade area is supported by a population of over 26,000 residents with an average annual household income of over $71,000.

Investment highlights

  • Big Box Anchored Center | Strong In-Place Tenants |Scheduled Rental Increases | 2025 Construction | 10 Year WALT

  • Adjacent to Kroger & Lowe’s Home Improvement | Strong Tenant Presence | Baptist Health Deaconess Hospital

  • Direct Residential Consumer Base |Strong Demographics in 5-Mile Trade Area

Listing Contacts

FR
MI 6502417063
SRS Real Estate Partners Newport Beach
MC
MI 6501369793
SRS Real Estate Partners Newport Beach
Listed by SRS Real Estate Partners Newport Beach

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Loan Amount
$0.00
Annual Debt Service
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Annual Cash Flow
$941,693.00
$78,474.42/mo

Valuation Metrics

0
DSCR
7.15%
Cap Rate
7.15%
ROI

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