Veterans Crossing West and Sleep Number

Retail-Commercial for Sale
Catylist Listing ID: 30550475
Property Subtypes: Free-Standing Building, Restaurant, Street Retail, Other
Building Size (RSF): 18,665 SF
Gross Building Area: See Agent
Sale Price: $8,868,533
Unit Price: $475.14 PSF
Property Use Type: Net Leased Investment (NNN), Investment
Sale Terms: Undisclosed
Cap Rate: 5.2%
Last Updated: 9/24/2020

Overview / Comments

Qualified investors are extended the opportunity to acquire the recently completed premier retail development, Veterans Crossing, located at the core of the dominant Veterans Parkway trade area in Clarksville, Indiana (Louisville, Kentucky MSA).
In 2017 ground was broken on this transformational development as the 5 +/- acre site, long held by the Town of Clarksville, was sold to Louisville, Kentucky based Hogan Real Estate after a public RFP process. The landmark site is adjacent to and shares access with The Town of Clarksville’s civics and public works center, including the Clarksville Police Department, The Clarksville Fire Department, Clarksville Town Hall, Clarksville Court, and Clarksville Community Center. The development is located between Target (west) and Walmart Supercenter and Sam’s Club (east).

The Veterans Crossing development plan was chosen by the City of Clarksville’s leadership due to its maximization of the site’s visibility and access while achieving the City’s desired goal of creating a community asset for its residents. Veterans Crossing’s boulevard entry, park-like setting includes public art and a pedestrian friendly design that has exceeded Clarksville’s expectations and successfully attracted the desired retailers, all of whom are new to the Veterans Parkway trade area.

The offering includes three Absolute Net leases positioned on the West parcel: Mission BBQ, Outback Steakhouse, and First Watch. Sleep Number is located on the East parcel.

Additional Details

Nearest MSA: Louisville/Jefferson County
County: Clark
Tax ID/APN: 10-24-03-200-971.000-013
Zoning: C-1

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 8,516 73,204 158,949
Median Age: 39.46 38.27 37.8
Households: 3,640 30,585 65,862


Photograph of Listing Agent

Justin R Phelps

Hogan Real Estate KCREA Member
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