Available For Sale - Retail

13,500 SF | Show Pricing $

LISTED BY

Bo Barron CCIM
Barron Commercial Group, 270-313-2444

AVAILABILITY DETAILS

Size
13,500 SF
Price/SF
Show Pricing $
Listing ID
SA524257
Notes
Ideally positioned in the heart of Owensboro's primary and growing retail submarket, this 13,500 SF Walmart shadow-anchored strip center presents a compelling opportunity for investors. Built in 2013, the center commands a daily traffic count of over 25,000 vehicles, offering high visibility and patronage to its diverse mix of tenants.



The center boasts a remarkable 97% occupancy rate, hosting a variety of popular establishments such as Wasabi54, the town's best hibachi and sushi restaurant, Eve Nail Salon, Mr. Bubble Tea, Dapper Dog, and the Gateway Hub – an executive office space housing eight furnished and privately rented offices.



Designed with a charming brick construction, the center offers ample parking with 60 spaces, including 3 handicapped spots. A unique advantage is the center's proximity to Walmart, driving additional traffic and providing a boost to all tenants.



The center currently generates a Net Operating Income (NOI) of just under $210,000, with significant potential to further enhance profitability. The upside of this property is to get one of the spaces to market rent when it renews in 2024 as well as continue to lease out the executive office space in the rear of the building as it is the second highest revenue-producing space in the center.



Situated in a high-development area with over 2 million square feet of retail space and an additional 100,000 square feet in the pipeline, this center is perfectly positioned for sustainable growth and profitability. The recent renovation and furnishing of the Gateway Hub Executive Office Space in 2022 further underscore its appeal to contemporary businesses.
Uses
Retail

Other Availability in this Property

Space/Suite Square Feet Type Uses Asking Rent/Price
13,500 SF Lease Office $TBD chevron_right
Space/Suite
 
Square Feet
13,500 for lease
Uses
Office
Asking Rent/Price
$TBD

This information has been obtained from sources believed reliable. We have not verified it and make no guarantee, warranty or representation about it. Any projections, opinions, assumptions or estimates used are for example only and do not represent the current or future performance of the property. You and your advisors should conduct a careful, independent investigation of the property to determine to your satisfaction the suitability of the property for you needs.

Listing provided courtesy of
Bo Barron CCIM, Barron Commercial Group
BRE# 207674