Retail Shopping Center for Sale

Retail-Commercial for Sale
Sale Pending
Catylist Listing ID: 30515976
Property Subtypes: Restaurant, Street Retail
Status: Pending
Building Status: Proposed
Building Size (RSF): 19,500 SF
Gross Building Area: See Agent
Sale Price: $2,300,000
Unit Price: $117.95 PSF
Property Use Type: Net Leased Investment (NNN), Investment
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 3/30/2020

Overview / Comments

Form G Commercial Advisors is pleased to offer for sale a value add neighborhood retail strip center. This offering represents a unique opportunity for an investor to acquire a well located, quality credit, multi-tenant asset in growing Jeffersonville, IN.

Tenants : Dominos Pizza, Subway, Great Clips, A Nice Restaurant, El Sombrero, V Nails & H&R Block.

* Offering Price $2,300,000.00
* Upside Vacancy 5,240 square feet
* Building Size 19,500 Square Feet
* Lot Size 1.78 Acres
* Annual Rent $249,805.00
* Net Operating Income (NOI) $179,605.00
* Offered at $118/PSF
* Current CAP Rate 7.8%
* Potential CAP Rate once Stabilized 10.0%

Additional Details

Nearest MSA: Louisville/Jefferson County
County: Clark
Tax ID/APN: 10-19-02-200-160.000-009
Zoning: C-1
Retail Clientele: General, Family, Business, Traveler
Property Visibility: Excellent
Tenancy: Multiple Tenants
Property Condition: Good

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 9,507 52,956 136,263
Median Age: 34.58 37.8 39.56
Households: 3,942 21,591 57,252
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