Investment Offering
Madisonville, KY - Madisonville Town Center
I-69 and Island Ford Road | Madisonville, KY 42431
$13,171,000
Price7.15%
Cap Rate$941,693
NOI2025
Year Built100%
Occupancy71,791
± SF Offering GLA18.78
± AC Land AreaDescription
SRS Multi-Tenant Investments is pleased to offer the opportunity to acquire the fee simple interest (land & building ownership) in a 71,191 SF shopping center anchored by Bealls, Five Below and Marshalls with ALDI (available as a separate offering, see page 22 for details) and Hobby Lobby as end-cap shadow anchors. Madisonville Town Center is located in a new development off of Island Ford Road that was constructed in 2025. The property is 100% leased and with 10 years of weighted average lease term remaining and every tenant containing multiple options to renew at fixed rent increases providing a hedge against inflation.
Location
Madisonville Town Center is located off of Island Ford Road (17,700 VPD) and is just a short distance West from Interstate 69 (30,500 VPD). Island Ford Road, is the primary retail and commercial thoroughfare serving the city of Madisonville. The Center is also adjacent to a Starbucks (also available), Aspen Dental, and Fifth Third Bank pad. Additionally the asset is across from a Kroger and Lowe’s Home Improvement-anchored center providing the benefit of high crossover shopping exposure. This Kroger and Lowe’s have an annual combined visit count of 1.8M+, making them the most visited within their category group within 15 miles and placing them
in the 90th+ percentile in the state. Additional surrounding Tenants include McDonald’s, Harbor Freight, O’Reily Auto Parts, Fresenius, and more. The property is also a 5-minute distance from Baptist Health Deaconess Madisonville, a 410-bed medical center with a 20-bed critical care unit. Madisonville Town Center is also near numerous single-family communities and multi-family complexes, providing a direct residential consumer base. The 5-mile trade area is supported by a population of over 26,000 residents with an average annual household income of over $71,000.
Documents & Links
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 Offering Memorandum |  |  |