OFFERING MEMORANDUM BOONVILLE SHOPPING CENTER 802 W. MAIN ST | BOONVILLE, IN 47601 ™ LISTED BY CHUCK EVANS SENIOR ASSOCIATE DIRECT (310) 919-5841 MOBILE (925) 323-2263
[email protected] LIC # 01963473 (CA) BROKER OF RECORD KYLE MATTHEWS LIC # RC51700140 (IN) BOONVILLE SHOPPING CENTER OFFERING MEMORANDUM BOONVILLE SHOPPING CENTER 802 W. MAIN ST | BOONVILLE, IN 47601 04 | EXECUTIVE OVERVIEW 06 | PROPERTY OVERVIEW 10 | FINANCIAL OVERVIEW 14 | AREA OVERVIEW 3 SECTION I EXECUTIVE OVERVIEW 4 BOONVILLE SHOPPING CENTER INVESTMENT HIGHLIGHTS SALE PRICE: » Recently Extended Lease – Autozone just executed a lease $760,197.83 renewal until 2031 demonstrating a strong commitment to the site » Longevity of tenants – Most of the tenants in the shopping center have been there for the past 15 years » High Returns – True capitalization on an above market yield CAP RATE: 12.00% » Ideal placement – located on the main road from the city to the Walmart Supercenter which is the main shopping hub for the town » 19,000+ Vehicles per day » Capital Improvements: NOI: • Resurfaced and re-striped parking lot • The parking lot was cleaned, milled, and 350 tons of new asphalt $93,090.82 were laid on the parking lot. • 30% of roof was resurfaced with elastomeric coating • All parking lot and canopy lights replaced with LED lights and Four LED solar powered lights were installed as well. • In total, $86,000 were invested to improve the center in preparation for a sale. 5 SECTION II PROPERTY OVERVIEW 6 BOONVILLE SHOPPING CENTER PARCEL MAP PHYSICAL DESCRIPTION