Investment Overview

Marcus & Millichap is pleased to exclusively offer a net leased Little Caesars and Jimmy John’s in Leitchfield, Kentucky. This property features attractive lease terms with long-term stability and growth potential. Little Caesar’s has 20 years remaining on its lease, with four (5)-year options to renew, and benefits from 2% annual rent increases throughout the term. Jimmy John’s, which signed a new 10-year lease in 2023, has 8.75 years left on its lease, along with three (5)-year renewal options. The location is easily accessible, situated on South Main Street, a highly trafficked road with 13,467 vehicles passing daily, and positioned just off Exit 107 of the Western Kentucky Parkway, which sees 13,317 vehicles per day. The property is also within 70 miles of Louisville International Airport and 75 miles of downtown Louisville. Located in the heart of Leitchfield, the property is surrounded by a mix of national, regional, and local businesses, including Southgate Mall (0.5 miles away), which attracts 851.1K annual visitors. Nearby major retailers include Ace Hardware, Hardee’s, and IGA Grocery Store. The property is also in close proximity to Owensboro Health Twin Lakes Medical Center (0.6 miles away), with 75 beds, and key community facilities such as the police department, city hall, animal shelter, nursing home, and pediatric clinic. National brands in the area include McDonald’s, KFC, Shell, AutoZone, Dollar General, and UPS. The area is experiencing population growth, with a 4.60% increase from 2010 to 2020 within a three-mile radius, and projected growth of 1.70% by 2028 within a five-mile radius.