VILLAGE CROSSING 14 Unit Strip Mall

Shopping Center for Sale
Catylist Listing ID: 30818179
Property Subtypes: Free-Standing Store, Mixed Use, Strip Center
Building Size (RSF): 23,050 SF
Gross Building Area: See Agent
Gross Land Area: 118,483 SF
Sale Price: $3,500,000
Unit Price: $151.84 PSF
Property Use Type: Business
Building Name: Village Crossing
Sale Terms: Cash to Seller
Cap Rate: 4.0%
Average Occupancy Rate: 90
Last Updated: 1/26/2023

Overview / Comments

Dream JP PIRTLE REALTORS is proud to present this Multi-unit Strip mall/Shopping center located in the heavy traffic area of Dixie Hwy in Elizabethtown. This property offers 4 buildings that sit on 2.72 acres giving plenty of room to expand the strip center or even build another building to increase the NOI. Currently there are 14 units 12 of which are occupied.
-American rental just renewed 5yr lease (4 units)
-Beauty by Ashley just signed 5 yr lease (2 units)
-There is a newer updated, large 1999 modular home that has a 30 year lease on it. Rent is $10 a month for the term of the lease.
-The Asian grocery shop just signed 5yr lease. They’ve been there for several years. (2 units)

There are 3 units that are rented month to month- no lease however, the companies have been there for a long time! (Hobby station, Linncare & Skynn- which is 1 unit in the strip center)

There are 2 units that are vacant:
- 2BR 1BA apartment over Hobby station.
- HUGE 60X30 pole style building with concrete, water, electric and large overhead doors (perfect for mechanic shop). This is technically tied into the 30 yr lease with the modular however, they will remove that from their lease at closing.
Please see Plat Map and additional information document. Give us a call, text or email with any questions.
SEE AGENT NOTES.

Financials

Finance Data Year 2022
Gross Operating Income $144,000 (Annual)
Actual or Proforma Year Actual

Current Tenants

Tenant Business Name American Rental/Lin Care
Is Renting? Yes

Additional Details

Nearest MSA: Elizabethtown-Fort Knox
County: Hardin
Tax ID/APN: 202-40-05-001
Zoning: C-2
Retail Clientele: General, Business, Other
Property Located Between: St. John Road and CS-1120
Property Visibility: Good
Largest Nearby Street: 31W
Feet of Frontage: 120
Total Number of Buildings: 4
Property Condition: Good
Construction/Siding: Aluminum Siding, Brick/Vinyl Siding, Metal/Glass, Modular
Parking Type: Surface
Total Parking Spaces: 30
Sprinklers: None
Heat Type: Electricity, Hot Water
Heat Source: Central, Heat Pump
Air Conditioning: Package Unit
Internet Access: Cable, DSL, ISDN
Zoning Description: C-2
Lot Frontage: 120
Water Service: Municipal
Sewer Type: Municipal
Easements: Electric Lines, Utilities

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 7,523 25,037 41,692
Median Age: 37.93 36.34 37.27
Households: 3,430 10,630 16,721

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