Chuy's (Brand New Renovation) Ground Lease — Sale in Paducah, KY

  • Price: Contact for price
  • Listing type: For sale
  • Asset type: Business
  • Location: Paducah, KY 42001

Photos

Chuy's (Brand New Renovation) Ground Lease — Sale in Paducah, KY, photo 1 of 2
Chuy's (Brand New Renovation) Ground Lease — Sale in Paducah, KY, photo 2 of 2

Investment Figures

Cap rate
5.71%

Derived from the asking price and operating figures published for this listing. Informational only — not an appraisal, valuation or financial advice. Verify independently before relying on any figure.

Description

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. Investment Highlights: • NNN Ground Lease with Six Years Remaining and 10 Percent Rent Escalations Every Five Years • The tenant Darden Rest

Market Context

This food service in Paducah, KY is listed for sale. It is offered at an approximate 5.7% capitalization rate, a key benchmark for income-producing food service assets. Compare it against other food service listings for sale in Paducah, KY — view the full market.

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