Party City

Woodlands Plaza - Owensboro KY 42303

LTV (Loan to Value)	65.00%	Current NOI	$150,000.00
Interest Rate	4.250%	Capital Rate	7.250%
Fixed Term	10 Years	Land Area	0.29 Acres
Amortization	25 Years	Lease Type	NN
Loan Amount	$1,344,850.00	Property Type	Retail
Payment	$7,285.56	Property Lease	Party Supply
Bulding Size	12,000 SF	Remaining Terms	10 Years

Location Description

NNN Lenders is pleased to offer for sale to qualified investors, the opportunity to purchase a new construction Party City located in Owensboro, Kentucky. Owensboro is the second-largest city in the Tri-State region of Illinois, Indiana and Kentucky, and is the 4th-largest city by population in the state of Kentucky. Party City will operate under a Ten (10) year NN lease term commencing in November 2014. The lease features Three (3), Five (5) year renewal options and attractive rental increases every Five (5) years throughout the base lease term and option periods. The Property is located in a strong retail corridor adjacent to Kohl's and just across from a Walmart Supercenter. Located directly off of Highway 54, the site offers convenient access and excellent visibility to over 30,332 vehicles per day. Nearby retailers include Walgreens, CVS Pharmacy, Chase Bank, AT&T Store, Fifth Third Bank, Dollar Tree, and many others.

Highlights

Long Term Lease - Brand new Ten (10) year lease term commencing in November 2014 New Construction Property - Construction…

Property Description

Owensboro is a city in Daviess County, Kentucky and is the principal city of the Owensboro metropolitan area. Owensboro is the second-largest city in the Tri-State region of Illinois, Indiana and Kentucky, and is the 4th-largest city by population in the state of Kentucky. It is located on U.S. Route 60 about 32 miles southeast of Evansville, IN and 107 miles southwest of Louisville, KY. The city’s population was estimated at 98,000 in 2013, with a Labor Market area population of 494,000.