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Pennyrile Marketplace 3010 FORT CAMPBELL BLVD, HOPKINSVILLE, KY EXECUTIVE SUMMARY
Pennyrile Marketplace3010 FORT CAMPBELL BLVD, HOPKINSVILLE, KY
EXECUTIVE SUMMARY
Year 1 NOI$339,846
Total GLA 85,112 SF
Occupancy76%
WALT8.28
Mark Twain Village
PENNYRILE MARKETPLACE
Cushman & Wakefield
Key Metrics
Cushman & Wakefield Retail Investment Advisors present Pennyrile Marketplace (the Property), a value-add, open-air center located in Hopkinsville, KY. Anchored by Harbor Freight, Bargain Hunt, and Farmers Home Furniture, Pennyrile Marketplace is located along the heavily travelled retail corridor of Fort Campbell Boulevard (22,500+ VPD). The 85,112-square-foot center is 76% occupied and the existing vacancy allows a new owner the opportunity to drive significant value by leasing the remaining small-shop space. Shadow anchored by Kroger, Pennyrile Marketplace is an ideal lineup of discount related tenants and the remaining shop space can fill an underserved market with food and service related occupiers. Offered significantly below replacement costs, the Property has recently experienced several major improvements including a new façade, parking lot, and signage.
Pennyrile Marketplace is 16 miles north Fort Campbell Army Base, the third largest military base by population and the largest employer in Tennessee and Kentucky. The residents of Fort Campbell account annually for more than $4.5 billion in economic output for the communities located within the Base’s trade area.
Mark Twain Village
PENNYRILE MARKETPLACE
EXECUTIVE SUMMARY Cushman & Wakefield
Executive Summary
Offering Highlights
ADDRESS
3010 Fort Campbell BlvdHopkinsville, KY
OCCUPANCY
76%GLA (SF)
85,112 SITE AREA
+/- 12.5 Acres
• Anchored by Harbor Freight, Bargain Hunt, and Farmers Home Furniture
• 100% of Occupied GLA leased by National/Regional Tenants
• Long-Term Leases with below market rents
• Discount retail: Equipment, clothing & home
• Positioned along heavily travelled retail corridor Fort Campbell Boulevard
• Three miles north of The Bruce, leading conference and event center in trade area
• Sixteen miles north of Fort Campbell Army Base, third largest military base and leading employer
• Trade area encompasses 10 miles: 42,538 residents with average household income of $61,645
• Lease remaining 24% of total GLA
• Leverage recent leasing momentum
• Offered well-below replacement costs
• Recent capital improvements: new façade, parking lot, signage
ANCHOR TENANTS
$+VALUE-ADD OPPORTUNITY
IDEAL TENANT MIX
STRATEGIC LOCATION
PENNYRILE MARKETPLACE
8
Executive Summary
SITE PLAN KEY
TENANT SUITE NO. SIZE (SF)
Farmers Home Furniture 120 16,416
Bargain Hunt 150 31,499
Harbor Freight Tools 180 16,730
VACANT
N.A.P
FORT CAMPBELL BOULEVARD
UNIT: 001
2,667 S
F
UNIT: 002
2,000 S
F
UNIT: 003
975 S
F
UNIT: 004
1,300 S
F
UNIT: 005
1,300 S
F
UNIT: 006
1,300 S
F
UNIT: 007
1,300 S
F
UNIT: 008
1,625
SF
UNIT: 009
2,600 S
F
UNIT: 010
2,600 S
F
UNIT: 011
2,800 S
F
Mark Twain Village
PENNYRILE MARKETPLACE
EXECUTIVE SUMMARY Cushman & Wakefield
Site Plan
42,538Total Populationwithin 10 miles of
Pennyrile Marketplace
$61,645Average Household Income
within 10 miles of Pennyrile Marketplace
20,155Total Housing Units within 10 miles of
Pennyrile Marketplace
FORT CAMPBELL BOULEVARD
SKYLINE DRIVE
Mark Twain Village
PENNYRILE MARKETPLACE
EXECUTIVE SUMMARY Cushman & Wakefield
Trade Area Demographics
Investment Contacts
SAN FRANCISCO CA
PHOENIXAZ
DALLASTX
CHICAGOIL
ATLANTAGA
MIAMIFL
EAST RUTHERFORDNJ
MANHATTANNY
225 W WACKER DR SUITE 3000 CHICAGO, IL CWRETAILADVISORS.COM
R E TA I L I N V E S T M E N T A D V I S O R S
EVAN HALKIAS Managing Director
312 470 2318 [email protected]
POINT OF CONTACT
MICHAEL MARKSManaging Director
312 470 2317 [email protected]
GEORGE M. GHATTASSenior Director312 424 8075
DAVID MATHEISAssociate Director
312 470 [email protected]
CRAIG COLLINSSenior Director
+1 502 589 5150 ext. [email protected]
BROKER OF RECORD
