Green Tree Outparcel | 709 E Lewis And Clark Pky
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Green Tree Outparcel 709 E Lewis And Clark Pky
6,789 SF 100% Leased Retail Building Clarksville, IN 47129 $1,752,000 ($258/SF) 7% Cap Rate
Investment Highlights
- STRONG IN-PLACE CASH FLOW from established tenants AT&T Mobile and Hollywood Movies & Games
- A VIBRANT TRADE AREA in the Louisville, KY MSA
- SUBSTANTIAL UPSIDE POTENTIAL through the extension of near-term lease expirations with below-market rents
- FAST GROWING METROPOLITAN AREA outpacing peer cities such as Charlotte, Nashville and Kansas City.
Executive Summary
Newmark Midwest Capital Markets has been exclusively retained by the owner in the sale of AT&T and Hollywood Movies & Games at the Green Tree Mall Outparcel (the “Property”), a 6,786 SF multi-tenant retail outparcel. Currently 100% leased, the Property is home AT&T Mobile (3,400 SF) and Hollywood Movies & Games (3,386 SF). The Property is located adjacent to the Green Tree Mall in the heart of the Clarksville, Indiana retail trade area. Green Tree Mall is southern Indiana’s only enclosed mall and is conveniently located near I-65 and
Lewis and Clark Parkway in Clarksville, Indiana, just four miles north of downtown Louisville.
The Green Tree Outparcel represents a unique opportunity to acquire a fully-leased retail property in the Louisville Metro area - one of the most desirable metropolitan areas in the Midwest – with substantial upside potential exists through the marking well-below market
rents to market levels.
The Green Tree Mall Outparcel property has an in-place NOI of $122,608. The Property is being offered for $1,752,000, with represents an 7.0% cap rate on in-place NOI.
Lewis and Clark Parkway in Clarksville, Indiana, just four miles north of downtown Louisville.
The Green Tree Outparcel represents a unique opportunity to acquire a fully-leased retail property in the Louisville Metro area - one of the most desirable metropolitan areas in the Midwest – with substantial upside potential exists through the marking well-below market
rents to market levels.
The Green Tree Mall Outparcel property has an in-place NOI of $122,608. The Property is being offered for $1,752,000, with represents an 7.0% cap rate on in-place NOI.
Data Room Click Here to Access
- Offering Memorandum
Financial Summary (Actual - 2023) Click Here to Access |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
-
|
-
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
-
|
-
|
| Net Operating Income |
$99,999
|
$9.99
|
Financial Summary (Actual - 2023) Click Here to Access
| Gross Rental Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Net Operating Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Freestanding
Building Size
6,789 SF
Building Class
C
Year Built/Renovated
1968/1995
Price
$1,752,000
Price Per SF
$258
Cap Rate
7%
NOI
$122,608
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.14
Land Acres
1.12 AC
Zoning
C - Commercial
Parking
37 Spaces (5.45 Spaces per 1,000 SF Leased)
Frontage
198 FT on Lewis And Clark Pky
Amenities
- Freeway Visibility
- Signalized Intersection
Nearby Major Retailers
-
James Vondran -
Keith Yearout -
Kayla Toler -
Newmark
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Green Tree Outparcel | 709 E Lewis And Clark Pky
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