Catylist ID:
#30818179
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. |
Attachments & Media
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 |
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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