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Financing Available
60-Day Close
 

Classic Auction - Retail

Lawndale Commons: National Center With Five Outparcels Included

800 S. Green River Road, Evansville, IN 47715

  • Asset Type
  • Real Estate
  • Property Type
  • Retail
  • Land Area
  • 19.26 Acres
  • Year Built
  • 1987
  • Number of Floors
  • 1
  • Number of Buildings
  • 6
  • Parking Count
  • 892
  • Occupancy
  • 100.00%
  • Occupancy as of
  • Apr 06, 2021
  • Retail Type
  • Power Center
  • Anchor
  • Yes
  • Anchor Tenant(s)
  • Planet Fitness, Dollar Tree, USPS, KFC, Cowboy Jims
  • Property Size
  • 184,202 Sq Ft

Dual Grocery Shadow Anchored Center | 5 Outparcels Included | NOI: $1,610,361.75

Investment Highlights

  • NOI of $1,610,361.75 With National Anchor Tenants: 100% occupied national anchored center with 75% of the NOI coming from national tenants (see leases for details).
  • Value Add Opportunity - Five Outparcel Buildings Re-Sell For $9.7MM: Five outparcels included which can be parceled out and sold separately, potentially generating $9.7M of immediate return.
  • High Leasing Traction: With LOI's and draft leases from Bargain Hunt, Rent-A-Center, and Church's Chicken
  • Dual Grocery Shadow Center: Located in a high density submarket with Ruler Foods and Schnucks Evansville serving as shadow anchors.
 

Offering Details

Brookwood Capital Advisors and RealINSIGHT Marketplace are pleased to present Lawndale Commons (the "Property") a 184,202 square foot center in Evansville, IN. This nationally tenanted and dual-grocery-shadow anchored center benefits from over 75% of the NOI coming from national tenants, plus has five outparcels included in the sale. Recent extensions from Planet Fitness, KFC, Familia Dental, and Hacienda (15 units) demonstrates the commitment to the site by the tenant roster. 

With this sale including five outparcels, the new buyer has the unique opportunity to parcelize each building and sell each one off separately and realize roughly $10 million dollars of value. The center benefits from a 60 day close with financing achievable including non-recourse debt quotes minimizing risk for a future investor. 

See the due diligence materails in the data vault for additional details, or contact Ben Hamd at (202) 525-8991.

Disclaimer: The information being provided herein is for informational purposes only. No representation or warranty is made as to the accuracy or completeness of any information contained herein, including, without limitation, any information regarding the condition of the Property, the condition of title or Property descriptions.

Any documents and/or pictures posted herein or elsewhere on the RealINSIGHT Marketplace, (the "Website") are for informational purposes only, and may not represent the current condition of the Property or the condition of the Property at the time of sale. The posting of pictures herein or elsewhere on the Website does not constitute a guarantee that any items represented in the pictures will be present when the buyer takes possession of the Property.

You are encouraged to conduct your own due diligence and investigate all matters relating to the Property. It is recommended that you seek independent advice, including legal advice, to perform your due diligence and that you use good faith efforts in determining that the content of all information provided to or obtained by you is accurate.

Platform Fee

The platform fee for this transaction is the greater of 5.00% or a minimum of $25,000.

Need Help?

Have questions about Marketplace? You can reach us at 800.915.7015 or info@rimarketplace.com.

Auctioneer

  • Dennis Jackson

    c/o Fisher Auction Company Inc.

    License: AU01014422