Veterans Crossing Portfolio of Net Leases in Prime Location
1205 Veterans Parkway, Clarksville, IN, USA Map
4 Single Tenant Buildings on 2 Parcels in Prime Louisville KY MSA with Below Market Rents
Listing Price $8,000,000
| Status | Closed |
| Lease Type | Absolute Net |
| GLA (Sq. Ft.) | 18,665 |
| NOI | $471,000 |
| Lease Term Remaining | 8 & 13 |
| Increases | 10% Every 5 Years |
| Options | Yes, Vary |
| State (BOR) | Indiana |
| Broker of Record | Josh Caruana |
| License # (BOR) | #RB14034355 |
| Close Date | Apr 1, 2021 |
Investment Highlights
- Subject Property Includes Three Restaurant Ground Leases, Situated on a Prime Corner with a Shared Parking Lot on 2.443 Acres +/-
- Single Tenant Mission BBQ, Outback Steakhouse, First Watch, and Sleep Number
- The Three Restaurants Share a Parcel and Deliverable Separate From the Sleep Number
- NNN Sleep Number Available Individually or with the 3 Ground Lease Restaurants
Investment Overview
Marcus & Millichap, on behalf of Ownership as its exclusive advisor, is pleased to offer for sale the 100% fee simple interest in a portfolio of three absolute net ground leased restaurants: First Watch, Outback Steakhouse, and Mission BBQ, and a standalone triple net Sleep Number build-to-suit. The properties are located at 1205, 1209, 1213, and 1219 Veterans Parkway, Clarksville, Indiana (the “Property”). Built in 2018, the Property comprises of four single tenant properties with total gross leasable area of +/- 18,665 SF located along a very high visibility, very busy retail corridor, consisting of two parcels with an area of +/- 2.80 -acres, that is strategically positioned to be visible and convenient to a combined 26,000 vehicles per day along primary retail corridor Veterans Parkway and Broadway Street, situated between two lights with Sleep Number adjacent to a standalone Starbucks drive-thru (not a part), and Interstate 94, with over 54,700 vehicles daily.
