Advanced Auto Parts
For saleUnder contract1040 N MAIN ST, Madisonville, KY 42431
Property type
Retail
Price
N/A
Building size
7,836 sf
Rentable area
7,836 SF
Year built
1995
Year renovated
Occupancy
Zoning code
Lot size
0.81 Acres
CAP
7.77%
Property description
Franklin Street is pleased to present the exclusive offering of a single-tenant, double-net (NN) Advance Auto Parts located at 1040 N Main Street in Madisonville, Kentucky. Positioned along North Main Street — the city's primary commercial spine and a direct extension of U.S. Route 41 — the property benefits from exceptional street frontage, convenient access, and over 20,000 vehicles per day in daily traffic, serving the daily-needs retail demand of Madisonville's established residential communities and a regional trade area drawing from across Hopkins County. The lease features six years of remaining term with one five-year renewal option, generating $62,700 in net operating income against a vehicle-dependent consumer base with a daytime population of over 30,000 within five miles. Advance Auto Parts operates this location as part of its strategically optimized national portfolio — having completed a deliberate restructuring of its store base in 2024–2025, the retained locations represent the brand's highest-conviction, longest-tenured assets in their respective markets, reinforcing the long-term significance of this site to Advance's regional presence. Founded in 1929 and headquartered in Raleigh, North Carolina, Advance Auto Parts is one of the largest automotive aftermarket parts providers in North America, operating approximately 4,285 stores across the U.S., Canada, Puerto Rico, and the U.S. Virgin Islands with $8.6 billion in net sales (FY2025). Madisonville's role as the dominant commercial and employment center of Hopkins County, its manufacturing-anchored economy supported by major employers including GE Aviation and Baptist Health Madisonville, and the consistent vehicle-dependent traffic patterns along the North Main Street corridor make this a compelling net lease investment in one of western Kentucky's most established regional trade markets.
Property highlights
- Single-tenant, double-net (NN) Advance Auto Parts.
- Prime location along North Main Street with traffic counts exceeding 20,000+ vehicles per day.
- Purpose-built retail store offering strong street frontage and direct access along U.S. Route 41, dominant retail artery.
- Direct access along Hopkins County's most traveled commercial corridors connecting I-69 to Madisonville's core retail and residential base.
- 30,000+ daytime population within a 5-mile radius, anchored by a manufacturing-driven workforce with consistent demand.
- Average household income of $66,825 within five miles, closely aligned with Advance Auto Parts' core customer profile.
- Located within Madisonville's dominant retail center — a commercial hub drawing regional traffic from multiple counties.
- Needs-based, automotive parts and maintenance demand remaining non-deferrable regardless of market conditions.
- 6-year remaining lease term with one (1) five-year renewal option, delivering immediate, passive income.