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Veterans Parkway & Sam Gwin Drive

Clarksville, IN 47129

$19,220,000

Storefront Retail Office For Sale  •  35,917 Sq Ft

Property Details

  • Property Type Storefront Retail Office
  • Total Building Size 35,917 Sq Ft
  • Lot Size 5 ac
  • Building Class B
  • Year Built 2018
  • Tenancy Multiple
  • Zoning Commercial
27 Transit Score
46 Walk Score

Description

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 5 outlots and a 14,582 SF multi-tenant retail center. Three ground leases are positioned on the West parcel: Mission BBQ, Outback Steakhouse, and First Watch. Starbucks and Sleep Number are the two outlots on the East parcel where the 14,852 SF multi-tenant retail center is positioned. 100% leased at time of delivery, Blaze Pizza, T-Mobile, 9 Round Kickboxing Fitness, Chill Burger, Mathnasium, Total Nutrition, and CoreLife comprise the tenancy, offering a desired mix of services, quick service and casual restaurants, and goods.

Highlights

A unique opportunity to acquire a premier multi-tenant retail development located in a well-established, regional trade area
New lease terms that commenced in Summer 2018, limited landlord responsibilities, diversified cash-flow, and exceptional real estate fundamentals
The development was designed as a community epicenter for the Town of Clarksville, combining civic amenities with destination retail and services
Designed and developed by a longstanding Louisville, Kentucky based firm, the center is best in class construction-type
The offering is not encumbered with existing debt. Investors are able to structure the acquisition most conducive to their debt and equity sources

Property Flyers

Amenities

  • Air Conditioning

Public Transportation

AirportDriveWalkDistance
Louisville International Airport 15 min - 12.1 mi
Brooks Mayer 502-426-1050 Hogan Real Estate
Brooks Mayer 502-426-1050 Hogan Real Estate