Stabilized Retail Center in Connersville, IN

2100 N Park Road, Connersville, IN

$3,400,000

Price

9.22%

Cap Rate

$313,432.48

NOI

Overview
Cap Rate
9.22%
NOI
$313,432.48
Building Size
139,066 sqft
Lot Area
22.57 acres
Occupancy
98%
Units
11
Year Built
1991
Description

Whitewater Valley Shopping Center is a Tractor Supply-anchored community center with 139,066 SF that is situated on 22.57 acre site. The site is ideally positioned within the N Central retail corridor and 2 miles of the city center, with new monument signage and ample parking. The shopping center has received $600,000 of improvements in the last five years with $250,000 in 2019, including LED parking lot lights, roof coatings (under warranty), parking lot seal coat, and re-stripe.
The retail center is stabilized with 98% occupied. Tractor Supply is an 1,800+ store chain with revenues over $7.9B annually. TSC is committed to this location and has extended their lease until early 2028 and occupies 22,830 SF.
Strong mix of retail, restaurant, discount retail, and service based businesses. Junior anchored by strong nationals and regionals including Label Shopper (81 stores) and Midwest Surplus Liquidators (3 stores). Other retailers/operators include Subway, IWA Midsouth Wrestling, Home Improvement Warehouse, Nail and Beauty Salon, Asian Delight and Cove Gaming Center.

WHITEWATER VALLEY SHOPPING CENTER is located in Connersville, IN near the intersection of Indiana 1 (Western Ave)and W 24th St and E 24th St along the retail corridor. Connersville, IN is located 56 miles east of Indianapolis, IN. and 56 miles Northwest of Cincinnati, OH. This center has a population 15,000 within 3 miles.

Highlights
  • Anchored by Tractor Supply Company with commitment until early 2028 at this location.
  • Diverse Retail with Junior Anchored Tenants (Label Shopper, Midwest Surplus Liquidators)
  • Roof Age 55% in 2019 (warranty) remainder in 2013
Documents
Title
1758987

Location
Gallery