Investment Overview

Marcus & Millichap presents a Double Net (NN) Lease investment opportunity with Advance Auto Parts, located at 1040 North Main Street, Madisonville, KY. The lease has six years remaining with one five-year renewal option. The net operating income is $62,700. The property is located on North Main Street, which has a traffic count of 20,012 vehicles per day, with additional counts of 13,931 on Nebo Road and 26,608 on the nearby Pennyrile Parkway. Madisonville is a key center for employment and retail in Hopkins County. The area has a daytime population of 30,240 within a five-mile radius, supported by major employers such as Baptist Health Deaconess and Madisonville Community College. The population within five miles is 26,553, with an average household income of $66,825 and a median income of $49,960. About 38% of the population has a high school diploma, and over 18% have an associate’s or bachelor’s degree. The property is near major retailers like Walmart and Lowe’s and benefits from access to the Pennyrile Parkway. The surrounding area includes a mix of residential, retail, and industrial developments.