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First Watch
Mission BBQ
003Veterans Crossing - PRINT

Veterans Crossing West

1225 Veterans Parkway

Louisville, Kentucky MSA

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the_offering

THE OFFERING

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 three ground leases, Mission BBQ, Outback Steakhouse, and First Watch, with shared access and parking on a 2.4 acre site.  This unique offering provides investors diversified income streams with limited landlord responsibilities.

statistics

PROPERTY

INFORMATION

16,065

SQUARE FEET

2018

YEAR BUILT

100%

OCCUPIED

2.40

ACRES

investment_highlights

INVESTMENT

HIGHLIGHTS

Trophy Asset
A unique opportunity to acquire a premier multi-tenant retail development located in a well-established, regional trade area that includes Walmart Supercenter, Sam’s Club, Lowe’s, Target, Cheddar’s Scratch Kitchen Chuy’s Tex-Mex, Chic-Fil-A, Best Buy, Bed Bath & Beyond, PetSmart, Ross Dress for Less, and Bass Pro Shops, among others

Ideal 1031 or Private Equity Play
New lease terms that commenced in Summer 2018, limited landlord responsibilities, diversified cash-flow, and exceptional real estate fundamentals make this an ideal 1031 replacement property or private equity investment

 

Destination Development
The development was designed as a community epicenter for the Town of Clarksville, combining civic amenities with destination retail and services

Excellent Construction
Designed and developed by a longstanding Louisville, Kentucky based firm, the center is best in class construction-type

Award Winning Development

Winner of the 2018 SMC Award of Excellence for Best New Commercial Development from the Building Industry Association of Greater Louisville and winner of the 2019 Louisville Business First Award for Best Retail Project

”Free and Clear” Offering

The offering is not encumbered with existing debt. Investors are able to structure the acquisition most conducive to their debt and equity sources

summary

OFFERING SUMMARY

026Veterans Crossing - PRINT west small.

Veterans Crossing West:

2.4 Acres

 

157 Parking Spaces

 

3 Standalone Buildings - Ground Leases

 

Total Rentable SF:  16,065

photo_gallery

PHOTO GALLERY

location

LOCATION MAP

contact_us

CONTACT US

hoganrealestate-31.JPG

9300 Shelbyville Road  |  Suite 1300  |  Louisville, Kentucky 40222

JUSTIN PHELPS

Email: jphelps@hogandev.com
Tel:  502-271-5820

HUNTER JACOBS

Email: hjacobs@hogandev.com
Tel:  502-271-5812

© 2018 by Hogan Real Estate. Proudly created with Wix.com

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