NATIONAL TENANT POWER CENTER | 5 OUTPARCELS INCLUDED 800 S. GREEN RIVER RD. EVANSVILLE, IN 47715 - LoopNet
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NATIONAL TENANT POWER CENTER | 5 OUTPARCELS INCLUDED
800 S. GREEN RIVER RD. EVANSVILLE, IN 47715
BEN HAMD WYATT W. WOELTJE, CCIM BROKER OF RECORD
202.525.8991 731.313.9048 Brian Brockman
ben@brookwoodcapitaladv.com wyatt@brookwoodcapitaladv.com
Bang Realty
www.brookwoodcapitaladv.com
INVESTMENT HIGHLIGHTS
NOI: $1,610,361.75
100% OCCUPIED NATIONAL
ANCHORED CENTER with 75% of the NOI
coming from national tenants
VALUE ADD: FIVE OUTPARCEL
BUILDINGS RE-SELL FOR $9.7M, five
outparcels included which can be parceled
out and sold separately, potentially generating
$9.7M of immediate return
CLASS A DOMINANT RETAIL CENTER
HIGH LEASING TRACTION with LOI’s
and Draft Leases from Bargain Hunt,
Rent-A-Center, and Church’s Chicken
DUAL GROCERY SHADOW CENTER in
high density submarket
BEN HAMD WYATT W. WOELTJE, CCIM BROKER OF RECORD
202.525.8991 731.313.9048 Brian Brockman
ben@brookwoodcapitaladv.com wyatt@brookwoodcapitaladv.com
Bang Realty
www.brookwoodcapitaladv.com
VALUE ADD: CURRENT LOI’S
RENT: $5.50 NNN PSF This nationally tenanted and dual-gro-
SIZE: 34,527 SF cery-shadow anchored center has seen a
TOTAL RENTS: $250,320.75 strong leasing momentum. Over the next few
years, new ownership could solidify the new
leases and increase the national occupancy
and NOI of the center. By bringing in more na-
tionals, the overall value of the center increas-
es. Center is currently 100% occupied with
75% of the NOI coming from nationals.
RENT: $6 NNN PSF
SIZE: 7,580 SF Ownership has implemented short-term leas-
TOTAL RENTS: $58,745 es such as Treasure Hunt and Plush to provide
immediate cash flow while negotiations are
continued with Rent-A-Center and Church’s
Chicken.
LEADS TO BE PROVIDED TO BUYER
RENT: $120,000 ABSOLUTE NNN
BEN HAMD WYATT W. WOELTJE, CCIM BROKER OF RECORD
202.525.8991 731.313.9048 Brian Brockman
ben@brookwoodcapitaladv.com wyatt@brookwoodcapitaladv.com
Bang Realty
www.brookwoodcapitaladv.com
OUTPARCEL ARBITRAGE
VALUE ADD
FIVE SELL $9.7 MILLION
OUTPARCELS SEPARATELY PARCEL SALE RECOVERY
With this sale including five outparcels, the new buyer has the unique opportunity to parcelize each
building and sell each one off separately. The Mike Libs building has been intentionally left month-
to-month to ultimately get a national fast food user in that building at rents estimated at $120k annually.
The outparcel building in front of Dollar Tree has an LOI from Church’s Chicken at $120k annually
absolute NNN. After parceling it out, it is estimated that Hacienda could be sold at a 6.5% cap ($2.8M),
KFC at 5.5% cap ($1M), Sandwich Factory at an 8% cap ($1.1M), Church’s Chicken (LOI) at a 5% cap
($2.4M), and a new national on the Mike Lib’s building at a 5% cap ($2.4M). Total immediate recov-
ery of $9.7M, covering ALL your down-payment and providing immediate profit.
BEN HAMD WYATT W. WOELTJE, CCIM BROKER OF RECORD
202.525.8991 731.313.9048 Brian Brockman
ben@brookwoodcapitaladv.com wyatt@brookwoodcapitaladv.com
Bang Realty
www.brookwoodcapitaladv.com
STORE SALES & EXTENSIONS
Hacienda (15 units) has been a Big Lots is a separate parcel and SteinMart before bankruptcy was
tenant since 1981 and recently not included in the sale, but store doing $3.7 million a year at this
executed a 10 year extension. has increased in sales by $500k site. The space was immediately
They have an extremely healthy through coronavirus. backfilled with Midwest Furniture
rent to sales ration of 4.2%. (6 units) paying higher rents.
Store Sales: $4M Store Sales: $4.1M
Extension Term: 17 Years Store Sales: $3.7M
Planet Fitness recently executed KFC (Flynn Restaurant Group, the Familia Dental executed a ten
a five year extension two years largest franchisee in the world year option two years early,
early, showing strong commit- 2,000 units+) just executed a 10 showing strong commitment to
ment. year extension. the site.
Store Sales: $2.2M Extension Term: 12 Years
Extension Term: 7 Years Extension Term: 14 Years
BEN HAMD WYATT W. WOELTJE, CCIM BROKER OF RECORD
202.525.8991 731.313.9048 Brian Brockman
ben@brookwoodcapitaladv.com wyatt@brookwoodcapitaladv.com
Bang Realty
www.brookwoodcapitaladv.com
BEN HAMD WYATT W. WOELTJE, CCIM BROKER OF RECORD
202.525.8991 731.313.9048 Brian Brockman
ben@brookwoodcapitaladv.com wyatt@brookwoodcapitaladv.com
Bang Realty
www.brookwoodcapitaladv.com
BEN HAMD WYATT W. WOELTJE, CCIM BROKER OF RECORD
202.525.8991 731.313.9048 Brian Brockman
ben@brookwoodcapitaladv.com wyatt@brookwoodcapitaladv.com
Bang Realty
www.brookwoodcapitaladv.com
RENT ROLL
Tenant Area Lease From Lease To Monthly Rent Annual Rent Rent / Area Rec. / Area NNN’s
Dollar Tree 9,711 7/11/2003 9/30/2028 6,603.48 79,241.76 8.16 1.74 16,936.27
USPS 9,400 5/1/1975 4/30/2025 10,857.00 130,284.00 13.86 — —
Familia Dental 4,750 8/1/2017 7/31/2033 3,958.33 47,500.00 10.00 2.25 10,687.50
Michell’s T-Shirts 2,871 7/1/2020 6/30/2023 1,900.00 22,800.00 7.94 — —
A+ Nail & Spa 2,700 12/21/2020 1/1/2028 2,025.00 24,300.00 9.00 1.75 4,725.00
Bargain Media Outlet 10,500 4/1/2021 4/1/2026 6,562.50 78,750.00 7.50 1.75 18,375.00
Clip ’N Curl 900 2/1/2014 MTM 750.00 9,000.00 10.00 2.00 1,800.00
Cowboy Jim’s 34,527 1/1/2021 1/1/2028 16,666.67 200,000.00 5.79 1.75 60,422.25
Cowboy Jim’s ATM 3/25/2021 MTM 1,000.00 12,000.00 — — —
Hot Commodity 3,343 1/1/2021 7/1/2026 4,012.50 48,150.00 14.40 1.75 5,850.25
Treasure Hunt 7,580 3/19/2021 MTM 1,895.00 22,740.00 3.00 1.75 13,260.00
Dusty’s Lawncare
1,000 4/1/2021 MTM 500.00 6,000.00 6.00 — —
(Storage)
Planet Fitness 20,285 8/23/2012 4/30/2028 11,663.88 139,966.50 6.90 1.41 28,573.72
Style Savers 11,812 3/1/2021 6/1/2028 8,859.00 106,308.00 9.00 1.75 20,671.00
Midwest Furniture 40,500 11/1/2020 7/31/2028 14,951.25 179,415.00 4.43 1.75 70,875.00
Hacienda Fiesta
Mexican Restaurants 11,565 11/24/1982 11/23/2037 15,000.00 180,000.00 15.56 1.19 13,806.24
(OUTPARCEL)
KFC Flynn Restaurant
SOME TENANTS ARE2,334IN FREE
1/1/1995
RENT 1/1/2035 4,400.00
PERIODS. SOME 52,800.00
TENANTS 22.62
HAVE PERCENTAGE 1.03 2,411.76
RENT STRUCTURES.
Group (OUTPARCEL)
REFER
Sandwich TO LEASES FOR VERIFICATION. YOU ARE SOLELY RESPONSIBLE FOR INDEPENDENTLY VERIFYING
Factory
3,700 1/20/2021 5/1/2031 7,500.00 90,000.00 24.32 1.75 6,475.00
THE INFORMATION IN THIS MEMORANDUM. ANY RELIANCE ON IT IS SOLELY AT YOUR OWN RISK.
(OUTPARCEL)
Mike Libs Chocolates
4,000 10/28/2005 MTM 4,416.67 53,000.00 13.25 1.75 7,000.00
(OUTPARCEL)
BEN HAMD
Plush (OUTPARCEL) 2,724
WYATT W. WOELTJE, CCIM
3/23/2021 9/31/2022 3,102.75
BROKER OF
37,233.00
RECORD 1.75
13.67 4,767.00
Lawndale Supper Club
202.525.8991
(Food Trucks)
— — 731.313.9048
— — Brian Brockman
1,500.00 — — —
ben@brookwoodcapitaladv.com wyatt@brookwoodcapitaladv.com
TOTAL 184,202 126,624.02 Bang Realty
1,520,988.26 286,635.99
www.brookwoodcapitaladv.com
*SOME TENANTS HAVE PERCENTAGE RENT STRUCTURES. REFER TO LEASES FOR VERIFICATION. YOU ARE SOLELY RESPONSIBLE FOR INDEPENDENTLY
Hot Commodity 3,343 1/1/2021 7/1/2026 4,012.50 48,150.00 14.40 1.75 5,850.25
RENTTreasure
ROLL Hunt 7,580 3/19/2021 MTM 1,895.00 22,740.00 3.00 1.75 13,260.00
Dusty’s Lawncare
1,000 4/1/2021 MTM 500.00 6,000.00 6.00 — —
(Storage)
Planet Fitness 20,285 8/23/2012 4/30/2028 11,663.88 139,966.50 6.90 1.41 28,573.72
Style Savers 11,812 3/1/2021 6/1/2028 8,859.00 106,308.00 9.00 1.75 20,671.00
Midwest Furniture 40,500 11/1/2020 7/31/2028 14,951.25 179,415.00 4.43 1.75 70,875.00
Hacienda Fiesta
Mexican Restaurants 11,565 11/24/1982 11/23/2037 15,000.00 180,000.00 15.56 1.19 13,806.24
(OUTPARCEL)
KFC Flynn Restaurant
2,334 1/1/1995 1/1/2035 4,400.00 52,800.00 22.62 1.03 2,411.76
Group (OUTPARCEL)
Sandwich Factory
3,700 1/20/2021 5/1/2031 7,500.00 90,000.00 24.32 1.75 6,475.00
(OUTPARCEL)
Mike Libs Chocolates
4,000 10/28/2005 MTM 4,416.67 53,000.00 13.25 1.75 7,000.00
(OUTPARCEL)
Plush (OUTPARCEL) 2,724 3/23/2021 9/31/2022 3,102.75 37,233.00 13.67 1.75 4,767.00
Lawndale Supper Club
— — — — 1,500.00 — — —
(Food Trucks)
TOTAL 184,202 126,624.02 1,520,988.26 286,635.99
*SOME TENANTS HAVE PERCENTAGE RENT STRUCTURES. REFER TO LEASES FOR VERIFICATION. YOU ARE SOLELY RESPONSIBLE FOR INDEPENDENTLY
VERIFYING THE INFORMATION IN THIS MEMORANDUM. ANY RELIANCE ON IT IS SOLELY AT YOUR OWN RISK.
SOME TENANTS ARE IN FREE RENT PERIODS. SOME TENANTS HAVE PERCENTAGE RENT STRUCTURES.
REFER TO LEASES FOR VERIFICATION. YOU ARE SOLELY RESPONSIBLE FOR INDEPENDENTLY VERIFYING
THE INFORMATION IN THIS MEMORANDUM. ANY RELIANCE ON IT IS SOLELY AT YOUR OWN RISK.
BEN HAMD WYATT W. WOELTJE, CCIM BROKER OF RECORD
202.525.8991 731.313.9048 Brian Brockman
ben@brookwoodcapitaladv.com wyatt@brookwoodcapitaladv.com
Bang Realty
www.brookwoodcapitaladv.com
EXPENSES
CURRENT OPERATING EXPENSES
CAM 41,307.75
Insurance 20,577.31
Management 19,836.22
Taxes 115,541.22
Total Operating Expenses 197,262.5
Total Net Income 1,610,361.75
BEN HAMD WYATT W. WOELTJE, CCIM BROKER OF RECORD
202.525.8991 731.313.9048 Brian Brockman
ben@brookwoodcapitaladv.com wyatt@brookwoodcapitaladv.com
Bang Realty
www.brookwoodcapitaladv.comDOLLAR TREE
Dollar Tree, Inc. is an American chain
of discount variety stores that sells items
for $1 or less. Headquartered in Ches-
apeake, Virginia, it is a member com-
pany of the Fortune 500 and operates
13,600 stores throughout the 48 contig-
uous U.S. states and Canada. Its stores
are supported by a nationwide logistics
network of eleven distribution centers.
The company operates the brands of
Dollar Tree, Dollar Bills, Family Dollar, and
Deals.
Locations: 13,600+
Web: www.dollartree.com
BEN HAMD WYATT W. WOELTJE, CCIM BROKER OF RECORD
202.525.8991 731.313.9048 Brian Brockman
ben@brookwoodcapitaladv.com wyatt@brookwoodcapitaladv.com
Bang Realty
www.brookwoodcapitaladv.comUSPS
The United States Postal Service (USPS)
is an independent agency of the exec-
utive branch of the US Federal Govern-
ment responsible for providing postal
service in the United States, including its
insular areas and associated states. It is
one of the few government agencies
explicitly authorized by the United States
Constitution. The USPS has more than
644,120 active employees and operates
more than 211,264 vehicles. The USPS is
the operator of the largest civilian vehi-
cle fleet in the world.
Locations: 31,322
Web: www.usps.com
BEN HAMD WYATT W. WOELTJE, CCIM BROKER OF RECORD
202.525.8991 731.313.9048 Brian Brockman
ben@brookwoodcapitaladv.com wyatt@brookwoodcapitaladv.com
Bang Realty
www.brookwoodcapitaladv.comPLANET FITNESS
Planet Fitness is an American franchisor
and operator of over 1,500 fitness clubs
across the country, making it one of the
largest fitness club franchises by number
of members and locations. There are lo-
cations across the United States, as well
as in other countries, such as Canada,
Puerto Rico, Dominican Republic, Pana-
ma, and Mexico. Planet Fitness markets
itself as a “Judgment Free Zone” that
caters to novice and casual gym users.
They are reported to be the nation’s
fastest growing fitness center franchise.
Locations: 1,500+
Web: www.planetfitness.com
BEN HAMD WYATT W. WOELTJE, CCIM BROKER OF RECORD
202.525.8991 731.313.9048 Brian Brockman
ben@brookwoodcapitaladv.com wyatt@brookwoodcapitaladv.com
Bang Realty
www.brookwoodcapitaladv.comFAMILIA DENTAL
Familia Dental offers comprehensive
dental services for patients of all ages.
From routine dental cleanings to more
complex restorative treatments, their
dentists and team are there to help
you. Familia Dental offers a number of
special offers and discounts on their ser-
vices for Dental X-Rays and Exams and
Dental Cleanings. There are 42 locations
across 6 states, including Indiana, Illinois,
Iowa, New Mexico, Texas, and Wiscon-
sin.
Locations: 42
Web: www.familiadental.com
BEN HAMD WYATT W. WOELTJE, CCIM BROKER OF RECORD
202.525.8991 731.313.9048 Brian Brockman
ben@brookwoodcapitaladv.com wyatt@brookwoodcapitaladv.com
Bang Realty
www.brookwoodcapitaladv.comHACIENDA
Hacienda is a 15 unit chain of Mexican
restaurants, with a backing of over $50 Mil-
lion in annual revenues. They began with
one location in 1978 in the historic mansion
of a brewer in Mishawaka, Indiana. Haci-
enda is a community gathering place fa-
mous for Wet Burritos, Fresh Chips and Sal-
sa, and their famous Frozen Margaritas. This
location is a very high performing site, with
annual revenues of $4.5 Million. They also
have a very strong presence that stretches
across the globe, with 75k+ Likes on Face-
book.
Locations: 15
Web: www.haciendafiesta.com
BEN HAMD WYATT W. WOELTJE, CCIM BROKER OF RECORD
202.525.8991 731.313.9048 Brian Brockman
ben@brookwoodcapitaladv.com wyatt@brookwoodcapitaladv.com
Bang Realty
www.brookwoodcapitaladv.comKFC
Bell Indiana, LLC is owned by the pow-
erhouse franchisee, Flynn Restaurant
Group. Flynn began in 1999 with just 8
Applebee’s locations in Seattle and has
grown to become the largest restaurant
franchisee in the United States. They
have 2,500+ restaurants across the Unit-
ed States, employing 47,650 people,
and generating annual revenues of $2.3
Billion.
Locations: 2,500+
Web: www.flynnrestaurantgroup.com
BEN HAMD WYATT W. WOELTJE, CCIM BROKER OF RECORD
202.525.8991 731.313.9048 Brian Brockman
ben@brookwoodcapitaladv.com wyatt@brookwoodcapitaladv.com
Bang Realty
www.brookwoodcapitaladv.comMIDWEST FURNITURE
Midwest Furniture is a four-unit regional
furniture chain. They specialize in home
decor, home furniture, mattresses, bed-
ding, outdoor furniture, as well as sea-
sonal items. They currently have four
locations across Indiana, with sites in
Evansville, Connersville, and two in India-
napolis. They have a significant social me-
dia presence, with a following customer
base of nearly 50,000 people.
Locations: 4
Web: www.midwestsurplusliquidators.com
BEN HAMD WYATT W. WOELTJE, CCIM BROKER OF RECORD
202.525.8991 731.313.9048 Brian Brockman
ben@brookwoodcapitaladv.com wyatt@brookwoodcapitaladv.com
Bang Realty
www.brookwoodcapitaladv.comCOWBOY JIM’S
Cowboy Jim’s is a chain of vendor
mall/flea markets spread out across
the United States. The chain has over
2,000 vendors at all their locations, and
provides a great place for customers
to find amazing deals on everything
under the sun. Currently, Cowboy Jim’s
operates seven stores across the United
States with a presence in Indiana, West
Virginia, Virginia, North Carolina, and
Mississippi. Booth specials start as low as
$10 for the first month to sell.
Locations: 8
Web: www.cowboyjims.com
BEN HAMD WYATT W. WOELTJE, CCIM BROKER OF RECORD
202.525.8991 731.313.9048 Brian Brockman
ben@brookwoodcapitaladv.com wyatt@brookwoodcapitaladv.com
Bang Realty
www.brookwoodcapitaladv.comBEN HAMD WYATT W. WOELTJE, CCIM BROKER OF RECORD
202.525.8991 731.313.9048 Brian Brockman
ben@brookwoodcapitaladv.com wyatt@brookwoodcapitaladv.com
Bang Realty
www.brookwoodcapitaladv.comLOCATION OVERVIEW
EVANSVILLE | IN
1 MILE 3 MILES 5 MILES
POPULATION
2020 Estimate 8,278 69,417 117,160
2010 Census 8,105 68,595 115,611
Daytime Population 15,171 83,231 155,345
HOUSEHOLDS
2020 Estimate 4,054 30,631 49,839
2025 Projection 4,111 31,575 51,259
2010 Census 3,959 30,251 49,179
INCOME
Average Household Income $65,933 $59,754 $59,967
Median Household Income $39,780 $43,434 $42,441
TRAFFIC COUNTS
South Green River 28,362 VPD
OVERVIEW Washington 9,814 VPD
Evansville, Indiana is the county seat of Vanderburgh County and is the largest city in Southern
Indiana and the Illinois-Indiana-Kentucky tri-state area, home to over 911,000 people. Four NYSE
companies are headquartered in Evansville (Accuride, Berry Global, Springleaf, and Vectren), as
the city serves as the region’s economic hub home to both public and private enterprises. The
Tropicana Evansville is the state’s first casino and the Mesker Park Zoo and Botanic Garden is one
of the state’s oldest and largest zoos. The city has several educational institutions, including the
University of Evansville and the Univeristy of Southern Indiana.
Evansville sits less than 200 miles from 4 major U.S. cities: 176 miles from Indianapolis, 156 miles
from Nashville, 126 miles from Louisville, and 174 miles from St. Louis.
BEN HAMD WYATT W. WOELTJE, CCIM BROKER OF RECORD
202.525.8991 731.313.9048 Brian Brockman
ben@brookwoodcapitaladv.com wyatt@brookwoodcapitaladv.com
Bang Realty
www.brookwoodcapitaladv.comThe material contained in this Investment Offering Brochure is furnished solely for the purpose of considering the purchase of the property within and is not to be used
for any other purpose. The only party authorized to repre-sent the Property Owner (“Owner”) in connection with the sale of the Property is the Brookwood Capital
Advisors and the broker of record listed in this proposal, and no other person is authorized by the Owner to provide any information or to make any representations
other than contained in this Investment Offering Brochure. Neither the Investment Associate nor the Owner make any representation or warranty, express or implied,
as to the accuracy or completeness of the information contained herein, and nothing contained herein is or shall be relied upon as a promise or representation as to
the future performance of the Property. This Offering Brochure may include certain statements and estimates by Brookwood Capital Advisors with respect to the
projected future performance of the Property. These Assumptions may or may not be proven to be correct, and there can be no assurance that such estimates will
be achieved. Further, the Investment Associate and the Owner disclaim any and all liability for representations or warranties, expressed or implied, contained in
or omitted from this Investment Offering Brochure, or any other written or oral communication transmitted or made available to the recipient. To the extent Owner
or any agent of Owner corresponds with any prospective purchaser, any prospective purchaser should not rely on any such correspondence or statements
as binding Owner. Only a fully executed Real Estate Purchase Agreement shall bind the property and each prospective purchaser proceeds at its own risk.
BEN HAMD WYATT W. WOELTJE, CCIM BROKER OF RECORD
202.525.8991 731.313.9048 Brian Brockman
ben@brookwoodcapitaladv.com wyatt@brookwoodcapitaladv.com
Bang Realty
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