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921 Gateway Dr
Jeffersonville, IN 47130
Retail Property For Sale
Investment Highlights
- Initial Terms: Jimmy John’s: 15 Years, Wingstop: 10 Years
- Signalized light at prominent intersections: 10th St/Spring St and 9th St/Spring St
- Excellent visibility and large pylon sign
- Rental increases & renewal options
- 87,000 VPD on I-65 and over 23,000 VPD on 10th Street
- Close Proximity to downtown Louisville and downtown Jeffersonville
Executive Summary
Two-tenant building available within a class A mixed-use development - Jeffersonville Gateway. This mixed-use project is at the prominent intersection of 10th Street & Spring Street adjacent to Interstate 65. There is a signalized traffic light at the 10th Street/Spring Street and the 9th Street/Spring Street intersections. Tenants include Jimmy John's, Starbucks, Taco Bell, and McDonald's.
The development is located directly across from Norton Clark Hospital and there are over 87,000 VPD on Interstate 65 and over 23,000 VPD on 10th Street directly in front of the site. The site has excellent visibility and access to iconic signage. The tenant signage will be featured on a large pylon sign and monument sign.
The site is in close proximity to Downtown Louisville, right at Exit 1, and is the 'gateway' to downtown Jeffersonville, Indiana.
The development is located directly across from Norton Clark Hospital and there are over 87,000 VPD on Interstate 65 and over 23,000 VPD on 10th Street directly in front of the site. The site has excellent visibility and access to iconic signage. The tenant signage will be featured on a large pylon sign and monument sign.
The site is in close proximity to Downtown Louisville, right at Exit 1, and is the 'gateway' to downtown Jeffersonville, Indiana.
Property Facts
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Storefront
Building Size
3,500 SF
Building Class
C
Year Built
2020
Price
$1,984,746 CAD
Price Per SF
$567.07 CAD
Cap Rate
5.86%
NOI
$116,306 CAD
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.06
Lot Size
1.41 AC
Zoning
C-1 - Commercial
Parking
20 Spaces (5.71 Spaces per 1,000 SF Leased)
Frontage
211’ on Gateway Drive
Amenities
- Freeway Visibility
- Pylon Sign
- Signage
- Signalized Intersection
- Drive Thru
- Wheelchair Accessible
- Air Conditioning
- Smoke Detector
Property Taxes
| Parcel Number | 10-19-00-103-920.000-010 | Improvements Assessment | $683,847 CAD |
| Land Assessment | $924,891 CAD | Total Assessment | $1,608,739 CAD |
Property Taxes
Parcel Number
10-19-00-103-920.000-010
Land Assessment
$924,891 CAD
Improvements Assessment
$683,847 CAD
Total Assessment
$1,608,739 CAD
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