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Blackiston Mill Shopping Center For Sale / For Lease

Blackiston Mill Shopping Center For Sale / For Lease Blackiston Mill Shopping Center For Sale / For Lease Blackiston Mill Shopping Center For Sale / For Lease Blackiston Mill Shopping Center For Sale / For Lease Blackiston Mill Shopping Center For Sale / For Lease Blackiston Mill Shopping Center For Sale / For Lease Blackiston Mill Shopping Center For Sale / For Lease Blackiston Mill Shopping Center For Sale / For Lease Blackiston Mill Shopping Center For Sale / For Lease Blackiston Mill Shopping Center For Sale / For Lease Blackiston Mill Shopping Center For Sale / For Lease Blackiston Mill Shopping Center For Sale / For Lease Blackiston Mill Shopping Center For Sale / For Lease Blackiston Mill Shopping Center For Sale / For Lease Blackiston Mill Shopping Center For Sale / For Lease Blackiston Mill Shopping Center For Sale / For Lease Blackiston Mill Shopping Center For Sale / For Lease Blackiston Mill Shopping Center For Sale / For Lease Blackiston Mill Shopping Center For Sale / For Lease Blackiston Mill Shopping Center For Sale / For Lease Blackiston Mill Shopping Center For Sale / For Lease Blackiston Mill Shopping Center For Sale / For Lease Blackiston Mill Shopping Center For Sale / For Lease Blackiston Mill Shopping Center For Sale / For Lease Blackiston Mill Shopping Center For Sale / For Lease

Property Overview

Price/Rent PSF $ 2,800,000.00
Asset Type Retail
Trade Type Sale & Lease
SQ. FT. Available 25,850
Spaces Show
Date Available 07/10/2020
Additional URL Link
Floors 1
Additional parameters Show
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Description

Location
Located on Blackiston Mill Road right off the Lewis and Clark Parkway in Clarksville, IN

Sale
Incredible Incentives make this a Fantastic Buying Opportunity. Seller is willing to offer a one year master lease for the vacant space which includes base rent, CAM, tax, insurance and shared utilities. That equals a credit of $203,159.

The two building that make up Blackiston Mill Shopping Center sit next to the extremely busy Peddler's Mall and has significant parking plus multiple entrances and exits.

3 of the 11 units are leased and we have several interested new tenants so we anticipate reducing the number of vacancies soon.

With the Master Lease on the vacant spaces, here are the financials for one year from your purchase:

Annual Gross Income - $249,381
Operating Expenses - 22%
Vacancy Rate - 0%
Annual Net Income - $194,517.18
Cap Rate - 6.947%

Blackiston Mill Road and Lewis & Clark Parkway are the new focus of the City of Clarksville. They are planning urban renewal efforts that have already started with the expansion of Blackiston Mill Road.

Lease
Lease Rate Reduction on Five Retail spaces for lease ranging from 1,000 SF to 5,110 SF. (Contact Bill Menish for additional incentives (502) 939-0399.

Located on the southwest side of the Blackiston Mill Center close to Lewis and Clark Parkway. Each unit has its own entryway. Four of the units are finished out with the fifth as a shell with roughed out plumbing. We would love to help you turn that space into your dream space and the owner will help with build out. The center offers an abundance of parking and good visibility.

We have dropped the lease rate to $11 a foot which is half of lease rates in nearby Veteran's Parkway corridor and talk to us about some amazing incentives. We are aggressively working to lease up the entire building so respond quickly to this tremendous opportunity.

Location

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