Offering Memorandum
Investment Sale
At Home & Planet Fitness
1500 Greentree Blvd
Clarksville, Indiana
Clarksville, Indiana
eCode:097i
Sales Price
$7,058,824
NOI
$600,000
Cap Rate
8.50%
Building Size
112,437 SF
Lot Size
9.48 AC
Year Built
1968 / Renov. 2021
Anchor(s)
At Home
Planet Fitness
Traffic Count
E Lewis and Clark Pkwy (11,895 CPD)
US-31 (69,362 CPD)
Highlights
- Strong Performing National Anchors
- Long Standing Tenant Operating History
- Value-Add Through Lease-Up & Recapture
- Long-Term Leases with Strong Covenants
- Adjacent to Top Regional Retailers
- Highly Stable Retail Corridor
- Recent Capital Improvements
- Dense Affluent Demographics
| Radius | 1 mile | 3 mile | 5 mile |
| Population Density | 7,487 | 63,365 | 167,427 |
| Household Income | $68,094 | $79,697 | $79,548 |
| Daytime Pop | 5,168 | 27,352 | 116,591 |
SIMILAR PROPERTIES
Multi-Tenant
3005 Boardwalk Dr
Ann Arbor, Michigan
$5,500,000 | 45,390 SF
Ann Arbor, Michigan
$5,500,000 | 45,390 SF
Single-Tenant
17115-17117 N. Laurel Park Dr
Livonia, Michigan
Cooper’s Hawk Winery & Restaurant: $4,500,000
The Capital Grille: $5,800,000 | Cooper’s Hawk Winery & Restaurant: 11,046 SF
The Capital Grille: 9,079 SF
Livonia, Michigan
Cooper’s Hawk Winery & Restaurant: $4,500,000
The Capital Grille: $5,800,000 | Cooper’s Hawk Winery & Restaurant: 11,046 SF
The Capital Grille: 9,079 SF