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Shopping Neighborhood

Willow Plaza

1813 Willow St, Vincennes, IN 47591

Listing Price: $4,650,000

Cap Rate
9.00%
Gross SF
44,790
Rentable SF
44,790
Price/Gross SF
$103.82
Lot Size
6.61 acres
Year Built
1965

Investment Overview

91 Percent Occupied Medtail Neighborhood Center –E-Commerce Resistant Tenancy | 79 Percent of GLA Occupied by Medical Tenants Nearby Good Samaritan Hospital Has 158 Beds, and is the Largest Regional Hospital Within 50 Miles | Less than One Mile from US-41 (21,713 Vehicles Per Day) Opportunity to Increase the Value by Converting Gross Leases to NNN | Upside Value Add Opportunity in Developing an Outparcel Seller Recently Invested in the Site – Completed an Interior Remodel, Repainting, and Resurfaced Parking Lot| Seller Installed a New Pylon Sign in Front of the Center on Willow Street High Visibility from Willow Street/Business US-41 –Willow Street is One of Vincennes’ Main North/South Corridors | 3 Points of Ingress/Egress to Center Less than Three Miles from Vincennes University (4,850 Students) – Oldest University in Indiana | 20 Miles from Toyota Manufacturing Plant, Recently Expanded by a $803 Million Investment Creating 1,400 New Jobs 10-Mile Daytime Population is 38,175 | 39.2 Percent of the Population Within a One-Mile Radius is Aged 50 or Above –Ideal Location for Medical Tenants | Vincennes is the County Seat of Knox County and Serves as the Economic Hub for this Trade Area

Investment Highlights

  • 91 Percent Occupied Medtail Neighborhood Center - E-Commerce Resistant Tenancy | 79 Percent of GLA Occupied by Medical Tenants
  • Close to Good Samaritan Hospital with 158 Beds | The Largest Regional Hospital Within 50 Miles
  • Opportunity to Increase the Value by Converting Gross Leases to NNN | Upside Value Add Opportunity in Developing an Outparcel

Exclusively Listed By

Shopping Neighborhood

Willow Plaza

Listing Price: $4,650,000

Cap Rate
9.00%
Gross SF
44,790
Rentable SF
44,790
Price/Gross SF
$103.82
Lot Size
6.61 acres
Year Built
1965

Investment Highlights

  • 91 Percent Occupied Medtail Neighborhood Center - E-Commerce Resistant Tenancy | 79 Percent of GLA Occupied by Medical Tenants
  • Close to Good Samaritan Hospital with 158 Beds | The Largest Regional Hospital Within 50 Miles
  • Opportunity to Increase the Value by Converting Gross Leases to NNN | Upside Value Add Opportunity in Developing an Outparcel

Investment Overview

91 Percent Occupied Medtail Neighborhood Center –E-Commerce Resistant Tenancy | 79 Percent of GLA Occupied by Medical Tenants Nearby Good Samaritan Hospital Has 158 Beds, and is the Largest Regional Hospital Within 50 Miles | Less than One Mile from US-41 (21,713 Vehicles Per Day) Opportunity to Increase the Value by Converting Gross Leases to NNN | Upside Value Add Opportunity in Developing an Outparcel Seller Recently Invested in the Site – Completed an Interior Remodel, Repainting, and Resurfaced Parking Lot| Seller Installed a New Pylon Sign in Front of the Center on Willow Street High Visibility from Willow Street/Business US-41 –Willow Street is One of Vincennes’ Main North/South Corridors | 3 Points of Ingress/Egress to Center Less than Three Miles from Vincennes University (4,850 Students) – Oldest University in Indiana | 20 Miles from Toyota Manufacturing Plant, Recently Expanded by a $803 Million Investment Creating 1,400 New Jobs 10-Mile Daytime Population is 38,175 | 39.2 Percent of the Population Within a One-Mile Radius is Aged 50 or Above –Ideal Location for Medical Tenants | Vincennes is the County Seat of Knox County and Serves as the Economic Hub for this Trade Area

Exclusively Listed By

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