Poplar Court | 1900 Berry Street · 2018. 1. 12. · the center include the 812 Shop, George’s...
3
Snapshot Property Details Out-of-state owner has divested of their other holdings in the area prompting for the sale of this 12,570 SF Mixed Use Retail Shopping Center. All leases are NNN. Commonly known as the Poplar Court Shopping Center, this property is a staple in the community that is well positioned within the City of Elkhart. This shopping center has a great tenant mix. There are two anchor tenants, Charlie’s Butcher Block and Volcano Pizza, these spaces combined are nearly half of the total building. Both tenants have an established clientele, great reputations and have recently extended their leases. Additional tenants within the center include the 812 Shop, George’s Jewelry, Dye Hard Salon & Day Spa, and Brightpoint. Additional information on the financial aspects of this offering is available upon execution of a confidentiality agreement. Total Building: 12,570 SF Land: 1.26 Acres Year Built: 1985 Zoning: B-1 Neighborhood Retail Signage: Shared Pylon & Marquee Signage Above Each Suite Parking: Shared In-Common Ulies: Municipal Water & Sewer Power: 200 Amp/Single Phase HVAC: Gas Forced Heat & Central Air Cap Rate: 9.5% NOI: $93,185 List Price: $980,000 2017 DEMOGRAPHICS 1 MILE 3 MILE 5 MILE AVERAGE DAILY TRAFFIC COUNTS (AADT) POPULATION 9,626 51,796 91,763 21,458 cars drive by daily on Bristol Street, just one block south of Berry Street NUMBER OF HOUSEHOLDS 3,986 20,253 35,300 AVERAGE HOUSEHOLD INCOME $62,076 $54,856 $57,793 Informaon furnished regarding property for sale, rental or financing is from sources deemed reliable. But no warranty or representaon is made as to the accuracy thereof and same is submied subject to errors, omissions, change of price, rental or other condions, prior sale, leased, financing or withdrawal without noce. No liability of any kind is to be imposed on the broker herein. 4100 Edison Lakes Parkway, Suite 350 Mishawaka, Indiana 574.271.4060 574.271.4292 Fax www.cressycommercial.com A Global Division of Cressy Commercial Real Estate RYAN GABLEMAN, CCIM/SIOR Senior Broker 574.485.1502 (o) | 574.215.0336 (c) [email protected] Poplar Court | 1900 Berry Street Elkhart, Indiana Shopping Center For Sale Anchored By Charlie’s Butcher Block & Volcano Pizza With Established Clientele
Transcript of Poplar Court | 1900 Berry Street · 2018. 1. 12. · the center include the 812 Shop, George’s...
-
Snapshot Property DetailsOut-of-state owner has divested of their other holdings in the area prompting for the sale of this 12,570 SF Mixed Use Retail Shopping Center. All leases are NNN.
Commonly known as the Poplar Court Shopping Center, this property is a staple in the community that is well positioned within the City of Elkhart. This shopping center has a great tenant mix. There are two anchor tenants, Charlie’s Butcher Block and Volcano Pizza, these spaces combined are nearly half of the total building. Both tenants have an established clientele, great reputations and have recently extended their leases. Additional tenants within the center include the 812 Shop, George’s Jewelry, Dye Hard Salon & Day Spa, and Brightpoint.
Additional information on the financial aspects of this offering is available upon execution of a confidentiality agreement.
Total Building: 12,570 SF
Land: 1.26 Acres
Year Built: 1985
Zoning: B-1 Neighborhood Retail
Signage: Shared Pylon & Marquee Signage Above Each Suite
Parking: Shared In-Common
Utilities: Municipal Water & Sewer
Power: 200 Amp/Single Phase
HVAC: Gas Forced Heat & Central Air
Cap Rate: 9.5%
NOI: $93,185
List Price: $980,000
2017 DEMOGRAPHICS 1 MILE 3 MILE 5 MILE AVERAGE DAILY TRAFFIC COUNTS (AADT)
POPULATION 9,626 51,796 91,763 21,458 cars drive by daily on Bristol Street, just one block south of Berry StreetNUMBER OF HOUSEHOLDS 3,986 20,253 35,300
AVERAGE HOUSEHOLD INCOME $62,076 $54,856 $57,793
Information furnished regarding property for sale, rental or financing is from sources deemed reliable. But no warranty or representation is made as to the accuracy thereof and same is submitted subject to errors, omissions, change of price, rental or other conditions, prior sale, leased, financing or withdrawal without notice. No liability of any kind is to be imposed on the broker herein.
4100 Edison Lakes Parkway, Suite 350Mishawaka, Indiana574.271.4060574.271.4292 Faxwww.cressycommercial.com
A Global Division of Cressy Commercial Real Estate
RYAN GABLEMAN, CCIM/SIORSenior Broker574.485.1502 (o) | 574.215.0336 (c)[email protected]
Poplar Court | 1900 Berry StreetElkhart, Indiana
Shopping Center For Sale
Anchored By Charlie’s Butcher Block & Volcano Pizza With Established Clientele
-
LocationPoplar Court is located on the northeast side of the Elkhart CBD just one block north of Bristol Street, a highly traveled corridor, surrounded by commercial, retail, service, professional office and residential development. This location provides the tenants with great visibility from the road, signage and ample on-site parking.
Information furnished regarding property for sale, rental or financing is from sources deemed reliable. But no warranty or representation is made as to the accuracy thereof and same is submitted subject to errors, omissions, change of price, rental or other conditions, prior sale, leased, financing or withdrawal without notice. No liability of any kind is to be imposed on the broker herein.
4100 Edison Lakes Parkway, Suite 350Mishawaka, Indiana574.271.4060574.271.4292 Faxwww.cressycommercial.com
A Global Division of Cressy Commercial Real Estate
RYAN GABLEMAN, CCIM/SIORSenior Broker574.485.1502 (o) | 574.215.0336 (c)[email protected]
Poplar Court | 1900 Berry StreetElkhart, Indiana
Shopping Center For Sale
Great Location One Block North Of Highly Traveled Commercial Corridor
-
Information furnished regarding property for sale, rental or financing is from sources deemed reliable. But no warranty or representation is made as to the accuracy thereof and same is submitted subject to errors, omissions, change of price, rental or other conditions, prior sale, leased, financing or withdrawal without notice. No liability of any kind is to be imposed on the broker herein.
4100 Edison Lakes Parkway, Suite 350Mishawaka, Indiana574.271.4060574.271.4292 Faxwww.cressycommercial.com
A Global Division of Cressy Commercial Real Estate
RYAN GABLEMAN, CCIM/SIORSenior Broker574.485.1502 (o) | 574.215.0336 (c)[email protected]
Poplar Court | 1900 Berry StreetElkhart, Indiana
Shopping Center For Sale
Pylon & Above Suite Signage | Ample On-Site Parking
Charlie’s Butcher Block Charlie’s Butcher Block
