2950 James Sanders Blvd - Restaurant FOR SALE


Paducah, KY 42001
$1,700,000 USD
972-755-5279
2950 James Sanders Blvd, Paducah, KY for Sale
$1,700,000 USD
Restaurant - FOR SALE
1/3
null | 5.18% Cap Rate

2950 James Sanders Blvd
Paducah, KY 42001


HIGHLIGHTS

  • Recently Renewed Corporate Ground Lease with Approximately Five Years Remaining and 10 Percent Rent Escalations Every Five Years
  • Additional Rent of 4 Percent of Sales Over Break Point (Additional Rent Received in 2024 was $18,213, not Included in Advertised NOI)
  • 2010 Construction of 4,856 SF Building on 1.28 Acre Lot
  • Direct Access to US-60 with Over 22,707 VPD and James Sander Blvd with Over 15,449 VPD
  • Positioned Across from Kentucky Oaks Mall in Paducah’s Primary Retail Corridor that Receives Over 6.3 Million Visits Per Year
  • Located Within Shopping Center Anchored by Academy Sports, Including Walmart, Home Depot, T.J. Maxx, Pet Smart, Office Depot, Dollar Tree, and More

OVERVIEW

Paine Restaurant Group at Marcus & Millichap is pleased to offer for sale Corporate Panera Bread located at 2950 James Sanders Boulevard in Paducah, Kentucky. The property features a recently renewed ground lease with five years remaining, providing stable near-term cash flow. The lease includes 10 percent rental escalations every five years and three additional five-year renewal options, ensuring strong long-term income potential. The property offers excellent visibility and accessibility from US-60, which sees nearly 22,707 vehicles per day, and is located just off Interstate 24, a major transit corridor with an average daily traffic count of nearly 22,264 vehicles. Situated at the confluence of the Ohio and Tennessee Rivers in Western Kentucky, Paducah is the economic and cultural heart of the Jackson Purchase region. As a retail focal point in Western Kentucky, Paducah attracts shoppers from multiple neighboring counties, driven by the city's retail infrastructure, cultural amenities, and logistical accessibility. The surrounding trade area includes both a strong daytime employment base and a growing residential population, generating consistent traffic to the property from a diverse customer base. Strategically positioned within Paducah’s dominant retail corridor, the property sits directly across from Kentucky Oaks Mall, the region’s premier shopping destination. It shares a shopping center with top-performing national retailers such as Academy Sports, Dollar Tree, PetSmart, and Crumbl Cookies, with nearby restaurant anchors such as Texas Roadhouse, Buffalo Wild Wings, Cheddar’s, IHOP, and Arby’s. This concentration of well-known tenants enhances cross-shopping activity and strengthens the overall market positioning of the property.

FOR SALE DETAILS

PRICE

$1,700,000 USD

PRICE/SF

$350 USD /SF

CAP RATE

5.18%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Panera Bread Corporate

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Restaurant

ADD'L SUBTYPES

Fast Food, Freestanding

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1996

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

1.28 AC

LAND SF

55,757 SF

ZONING

-

APN/PARCEL ID

086-20-00-016.02

ASK ABOUT THIS PROPERTY

John PainePaine Restaurant Group at Marcus & MillichapMore Info
972-755-5279

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John PainePaine Restaurant Group at Marcus & MillichapMore Info
972-755-5279

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