5002 Hinkleville Rd - Restaurant FOR SALE


Paducah, KY 42001
$2,442,307 USD
972-755-5279
5002 Hinkleville Rd, Paducah, KY for Sale
$2,442,307 USD
Restaurant - FOR SALE
1/1
null | 5.71% Cap Rate

5002 Hinkleville Rd
Paducah, KY 42001


HIGHLIGHTS

  • NNN Ground Lease with Six Years Remaining and 10 Percent Rent Escalations Every Five Years
  • The tenant Darden Restaurants (NYSE:DRI) is Investing Significant Resources to renovate the Property from a Cheddar’s Scratch Kitchen into a Chuy’s
  • 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
  • The new Bass Pro Shops will be a 70,000-square-foot location and will be adjacent to the Kentucky Oaks Mall, a premier commercial hub
  • Located within a Shopping Center that Includes Walmart, Home Depot, T.J. Maxx, PetSmart, Office Depot, Dollar Tree, and More

OVERVIEW

Paine Restaurant Group at Marcus & Millichap is pleased to offer for sale the commercial property located at 5002 Hinkleville Road in Paducah, Kentucky. Formerly Cheddar’s Scratch Kitchen, the property is now being renovated into a Chuy’s Restaurant and is secured by a NNN ground lease with six years remaining, ensuring stable near term cash flow with zero landlord responsibilities. 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 Hinkleville Road, 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, Panera, 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

$2,442,307 USD

PRICE/SF

$310 USD /SF

CAP RATE

5.71%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Chuy's (Brand New Renovation)

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Restaurant

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2022

SPRINKLERS

-

PARKING SPACES

159

LAND DETAILS

LAND ACRES

2.62 AC

LAND SF

114,171 SF

ZONING

-

APN/PARCEL ID

086-10-00-020

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.