Property Details

This Center is a shadow anchor of a Super Wal-Mart and Sam's Club off of Veterans Parkway. Center has some visibility from Veterans Parkway and sits just 1/4 mile from the I-65 exit 5 ramp.  This is the main retail hub for all of southern Indiana and is a sub-market of Louisville, KY. 

Great retail market
Stable Center
Great condition
Fabulous retail drivers nearby
Upside for center in rents and lease up opportunity
Price based on in place income alone
Triple Net Leases

Asking price: $4,300,000

CAP Rate: 6.39%

NOI: $274,568

The center has an assumable non-recourse loan at a 5.4% interest rate for another 4.5 years.