1040 N Main St - Freestanding FOR SALE


Madisonville, KY 42431
$865,000 USD
941-504-4222
1040 N Main St, Madisonville, KY for Sale
$865,000 USD
Freestanding - FOR SALE
1/4
null | 8.08% Cap Rate

1040 N Main St
Madisonville, KY 42431


HIGHLIGHTS

  • Single-tenant, double-net (NN) Advance Auto Parts.
  • Prime location along North Main Street with traffic counts exceeding 20,000+ vehicles per day.
  • Strong street frontage and direct access along U.S. Route 41, dominant retail artery connecting to Madisonville's core retail and residential base.
  • 6-year remaining lease term with one (1) five-year renewal option, delivering immediate, passive income.
  • 30,000+ daytime population within a 5-mile radius, anchored by a manufacturing-driven workforce with consistent demand.
  • Average household income of $66,825 within five miles, closely aligned with Advance Auto Parts' core customer profile.

OVERVIEW

Franklin Street is pleased to present the exclusive offering of a single tenant, double-net (NN) Advance Auto Parts located at 1040 N Main Street in Madisonville, Kentucky. Positioned along North Main Street — the city's primary commercial spine and a direct extension of U.S. Route 41 — the property benefits from exceptional street frontage, convenient access, and over 20,000 vehicles per day in daily traffic, serving the daily-needs retail demand of Madisonville's established residential communities and a regional trade area drawing from across Hopkins County. The lease features six years of remaining term with one five-year renewal option, generating $62,700 in net operating income against a vehicle-dependent consumer base with a daytime population of over 30,000 within five miles. Advance Auto Parts operates this location as part of its strategically optimized national portfolio, having completed a deliberate restructuring of its store base in 2024–2025, the retained locations represent the brand's highest-conviction, longest-tenured assets in their respective markets, reinforcing the long-term significance of this site to Advance's regional presence. Founded in 1929 and headquartered in Raleigh, North Carolina, Advance Auto Parts is one of the largest automotive aftermarket parts providers in North America, operating approximately 4,285 stores across the U.S., Canada, Puerto Rico, and the U.S. Virgin Islands with $8.6 billion in net sales (FY2025). Madisonville's role as the dominant commercial and employment center of Hopkins County, its manufacturing-anchored economy supported by major employers including GE Aviation and Baptist Health Madisonville, and the consistent vehicle-dependent traffic patterns along the North Main Street corridor make this a compelling net lease investment in one of western Kentucky's most established regional trade markets.

FOR SALE DETAILS

PRICE

$865,000 USD

PRICE/SF

$110 USD /SF

CAP RATE

8.08%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Advanced Auto Parts

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Freestanding

ADD'L SUBTYPES

Auto Repair, Service Station, Storefront

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1995

SPRINKLERS

-

PARKING SPACES

40

LAND DETAILS

LAND ACRES

0.81 AC

LAND SF

35,284 SF

ZONING

GC

APN/PARCEL ID

M-31-4-12

ASK ABOUT THIS PROPERTY

Justin SturdivantFranklin StreetMore Info
941-504-4222

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Justin SturdivantFranklin StreetMore Info
941-504-4222

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.