THE OPPORTUNITY

• Big Lots anchored shopping center, with term through 2030
• Recent renewal and remodel with Office Depot taking term through 2030
• New lease recently executed with Hibbett Sports relocating them within the market
• Potential to create an outparcel on the NE end of the property
• Scheduled rent bumps for all major national tenants
• Upside through lease up of 37,000 SF
• Leases are staggered and expire incrementally through 2031
• At or below market rents with limited supply within the market

THE HIGHLIGHTS

• Dense retail corridor – Major retailers Walmart, Target, Home Depot and Lowe’s located within 1 mile of center
• Great visibility from Wendell Ford Expy, which has over 26,000 VPD
• Located just outside the Evansville, IN market
• Asset benefits from continued growth of the Owensboro/Evansville market
• Within 2 miles of Kentucky Wesleyan University, home to over 840 full time students

THE DEAL POINTS

• Square Feet: 163,078 SF
• Asking Cap Rate: 8.00%
• Asking Price: $12,350,000
• Year Built/Renovated: 1998/2020
• Occupancy: 77%
• NOI: $988,623
• Price Per SF: $75.78 PSF