709 E Lewis And Clark Pky - Freestanding FOR SALE


Clarksville, IN 47129
$1,752,000 USD
513-864-6606
709 E Lewis And Clark Pky, Clarksville, IN for Sale
$1,752,000 USD
Freestanding - FOR SALE
1/4
null | 7% Cap Rate

709 E Lewis And Clark Pky
Clarksville, IN 47129


HIGHLIGHTS

  • STRONG IN-PLACE CASH FLOW from established tenants AT&T Mobile and Hollywood Movies & Games
  • SUBSTANTIAL UPSIDE POTENTIAL through the extension of near-term lease expirations with below-market rents
  • A VIBRANT TRADE AREA in the Louisville, KY MSA
  • FAST GROWING METROPOLITAN AREA outpacing peer cities such as Charlotte, Nashville and Kansas City.

OVERVIEW

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.

FOR SALE DETAILS

PRICE

$1,752,000 USD

PRICE/SF

$258 USD /SF

CAP RATE

7%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Green Tree Outparcel

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Freestanding

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1968

SPRINKLERS

-

PARKING SPACES

37

LAND DETAILS

LAND ACRES

1.12 AC

LAND SF

48,787 SF

ZONING

C

APN/PARCEL ID

10-14-03-200-476.001-011

ASK ABOUT THIS PROPERTY

James VondranNewmarkMore Info
513-864-6606

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James VondranNewmarkMore Info
513-864-6606

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.