Shenandoah Duplexes 222 Shenandoah Pl 8 Unit Apartment Building For Sale Henderson, KY 42420

221 SHENANDOAH PLACE - 2 UNITS
222 SHENANDOAH PLACE - 2 UNITS
231 SHENANDOAH PLACE - 2 UNITS
232 SHENANDOAH PLACE - 2 UNITS
1. VALUE-ADD OPPORTUNITY: New ownership will have the opportunity to increase rents by renovating the interiors, including new countertops, flooring, cabinets, lighting, and fixtures.
2. MANAGEMENT UPSIDE: All properties are currently self-managed. New ownership can implement a professional management team to improve operations.
3. LARGE FLOOR PLANS: The property has an average floor plan size of 950 SF. The property is made up of all 2 bed units.
4. PROXIMITY TO HENDERSON EMPLOYERS: The Henderson Portfolio allows tenants quick access to Henderson’s major employers, including: • Tyson Foods – 1,416 jobs • Gibbs Die Casting – 906 jobs • River View Coal – 865 jobs • Century Aluminum – 499 jobs • Big Rivers Electric – 465 jobs
5. RECENT HENDERSON ECONOMIC DEVELOPMENTS: Multiple major announcements have been made in Henderson recently, including: • Alliance Coal - $35 million investment • Elkamet - $4.6 million HQ expansion • Pratt Paper - $500 million investment; 321 new jobs • Hydro Aluminum - $15 million investment; 56 new jobs • Accuride Corp. - $2 million investment; 15 new jobs • SITEX Corp. - $4.5 million investment; 30 new jobs • Columbia Brands - $3.7 million investment; 175 new jobs • Precision Power - 82,000 SF facility under construction • $5.8 million investment in EDA Grant and local funds to construct a high-pressure natural gas line to support manufacturing growth; will lead to 350 new jobs • I-69 construction allowing for better access within Henderson and better connection to surrounding cities
6. PROXIMITY TO EVANSVILLE’S BEST RETAIL: The Henderson Portfolio is ideally positioned within 20 minutes of Evansville’s premier shopping centers, including: • 215-Acre Promenade Development: A mixed-use, full-scale lifestyle development that is anticipated to add over $500,000,000 in economic development to the region. Anchor tenant Costco is the first Costco in the Tri-State area. The development also includes Academy Sports & Outdoors, Marshalls, Burkes Outlet, Home Centric, office space, and hotel accommodations. • Eastland Mall: 1,025,000 SF; JCPenney, Dillard’s, Macy’s; 80+ stores • East Lloyd Commons: 159,682 SF; Dick’s Sporting Goods, Michaels, Best Buy • Evansville Pavilion: 273,697 SF, Target, TJ Maxx, Fresh Market, Kirkland’s
7.EVANSVILLE’S MAJOR EMPLOYERS The Evansville area is home to several large employers, including: • Deaconess Hospital (HQ) - 10,500 jobs; 350 beds • Berry Global (HQ) - 3,200 jobs • St. Vincent Evansville - 3,000 jobs; 376 beds • Koch Enterprises (HQ) - 2,800 jobs • TJ Maxx - 2,300 jobs • University of Southern Indiana - 2,119 jobs; 9,200+ students • OneMain Financial (HQ) - 1,250 jobs • SKANSKA - 1,076 jobs • Vectren Corporation - 1,000 jobs 8.PROXIMITY TO OWENSBORO DEMAND DRIVERS: The Henderson Portfolio offers tenants quick access to area demand drivers, including: • Towne Square Mall & Surrounding Retail: 437,753 SF Mall; 40+ Stores • Gateway Commons: 500,000 SF mixed use development featuring retail, restaurant and entertainment space along with hotels, office and medical space • Owensboro Health Regional Hospital: 477 Beds; 4,125 jobs • Major Employers: US Bank Home Mortgage (1,800 jobs), Specialty Food Group (700 jobs), Toyotetsu Mid-America (700 jobs), Titan Contracting (400 jobs), UniFirst (445 jobs) • Kentucky Wesleyan College: Recognized as “Best in the Southeast” for a 17th consecutive year by Princeton Review • Growing Owensboro Regional Airport