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Presented by Cushman & Wakefield Retail Investment Advisors EXECUTIVE SUMMARY HOPKINSVILLE TOWNE CENTER 4805-4895 Fort Campbell Blvd | Hopkinsville, KY Commercial Kentucky
Presented by Cushman & Wakefield Retail Investment Advisors
EXECUTIVE SUMMARY
HOPKINSVILLE TOWNE CENTER4805-4895 Fort Campbell Blvd | Hopkinsville, KY
Commercial Kentucky
Cushman & Wakefield | Hopkinsville Towne Center EXECUTIVE SUMMARY
Executive SummaryCushman & Wakefield Retail Investment Advisors presents Hopkinsville Towne Center, a 184,761 square foot newly
constructed dominant open-air community center located in Hopkinsville, Kentucky. Hopkinsville Towne Center
is 97.5% occupied and anchored by national credit tenants Hobby Lobby, TJ Maxx, Ross, Five Below, Burkes, and
Ulta. Also included in the offering is a fully occupied multi-tenant outlot anchored by Panera Bread. Hobby Lobby
executed a new 15 year lease with increases throughout the initial term and all other national tenants have leases
that run for at least ten years with increases. 100% of the existing tenants are nationally recognized brands and
the Towne Center services a 30-mile regional trade area that encompasses southwest Kentucky and northwest
Tennessee. Constructed in 2017, each building includes all new mechanicals and a 15 year warranty on the roofs.
The buildings are also separately parceled, which allows a buyer the flexibility to sell these properties individually
in the future if they choose to reduce their overall basis.
Hopkinsville Towne Center is only 10 miles north of Fort Campbell, home to the 5th largest US military base in the
country with more than 70,000 active soldiers and their family members. Fort Campbell is the largest employer
in Tennessee and Kentucky and puts $2.6 billion into the local economy each year. Located at the intersection
of Fort Campbell Blvd and Eagle Way, Towne Center is accessible from the nearby exit of I-169 and the property
is surrounded by big box retailers such as Lowe’s, Walmart, and Kroger.
Investment Highlights
• 97.5% leased, anchored by Hobby Lobby, Ross, TJ Maxx, Ulta, Five Below, and Burkes Outlet
• Includes 2 separate buildings (main center and a multi-tenant outlot)
• Long-term lease structure, 90.9% of GLA with 8+ years remaining
• 100% of GLA leased to National tenants/brands
• Located on Fort Campbell Blvd/Highway 41A (35,504 VPD)
• Surrounded by Lowe’s, Walmart, and Kroger
• Less than 1 mile northeast of the James E. Bruce Convention Center, a 26,000 SF meeting and expo facility
• 10 miles north of the fifth largest US Military base
Cushman & Wakefield | Hopkinsville Towne Center EXECUTIVE SUMMARY
Offering OverviewPROPERTY SUMMARY
Property Name Hopkinsville Towne Center
Addresses 4805-4895 Fort Campbell Boulevard
City, State Hopkinsville, KY
Property Type Multi-tenant, Community Center with one outlot
GLA 172,849 SF - Main Center (Inline Shopes and Anchors)
11,912 SF - Outlot 4
Total GLA 184,761 SF*
Site Size 17.99 Acres - Main Center (Inline Shopes and Anchors)
2.18 Acres - Outlot 4
Total Site Size +/-20.17 Acres
Parking Spaces 913 (829 - Main Center, 84 - Outlot 4)
Parking Ratio 5 (Per 1,000 SF)
Real Estate Tax PIN(s) 122-00-00-022.03
Year Built 2017
*Subject to change following final as-built re-measurement
INVESTMENT SUMMARY
Purchase Price $27,775,000
Cap Rate 7.00%
Year 1 NOI **$1,944,098
Occupancy 97.5%
Number of Tenants 14
Anchor Summary HOBBY LOBBY - 55,000 SF with lease expiring 9/30/2032
BURKES OUTLET - 20,000 SF with lease expiring 1/31/2028
TJ MAXX - 20,000 SF with lease expiring 9/30/2027
PETSMART - 18,189 SF with lease expiring 9/30/2027
ROSS DRESS FOR LESS - 18,000 SF with lease expiring 1/31/2028
ULTA - 10,000 SF with lease expiring 2/9/2028
**Year 1 NOI assumes all leases have commenced as of day 1 of the analysis
YEAR 1 NOI
$1,944,098
Cushman & Wakefield | Hopkinsville Towne Center EXECUTIVE SUMMARY
EVAN HALKIAS
Managing Director | Chicago IL
312 470 2318
MICHAEL MARKS
Managing Director | Chicago IL
312 470 2317
DAVID MATHEIS
Associate Director | Chicago IL
312 470 2347
225 WEST WACKER SUITE 3000 CHICAGO IL CWRETAILADVISORS.COM
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Commercial Kentucky
CRAIG COLLINS
Senior Director | Louisville KY
502 589 5150 ext. 221
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