820 Three Springs Rd Bowling Green, KY · 2019. 8. 16. · 820 Three Springs Rd Bowling Green, KY LEGACY REAL ESTATE GROUP CBCworldwide.com PROPERTY • 17,150 Square Feet • 5.92

820 Three Springs Rd Bowling Green, KY

LEGACY REAL ESTATE GROUP

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Coldwell Banker Commercial

Legacy Real Estate Group

2435 Fitzgerald Industrial Drive

Suite 102

Bowling Green, KY 42104

www.Cbclegacy.com

270-781-3844

Travis AyersPhone: (270) 779-1918

[email protected]

Stephen StucyPhone: (270) 392-1255

[email protected]

17,150 Square Foot Building

$3,2350,000 – 6.08% Cap Rate

5.92 Acres

Freight Liner Dealership



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PROPERTY

• 17,150 Square Feet

• 5.92 Acres

• Zoned Light Industrial

• ½ Mile from I-65 Exit 22

• Visibility on I-65

LEASE

• Neely Coble

• Freight Liner Dealership

• $197,760 a year

• 3% Annual Increases

• 6 Years Remaining

• One 5 year Option

• NNN Lease

• 6.08% Cap

MARKET INFORMATION

The South Central Kentucky Area is experiencing a period of solid job growth and low unemployment. This has led

to strong residential home sales and higher demand for commercial property. Commercial and Industrial Rents are

on the rise.

ABOUT COLDWELL BANKER COMMERCIAL LEGACY REAL ESTATE GROUP

Coldwell Banker Commercial Legacy Real Estate Group is one of the most respected leaders in commercial real

estate. For over 20 years the firm has been actively involved in all facets of commercial and industrial real estate

from full service brokerage to the development of several Bowling Green areas.

ABOUT THE COLDWELL BANKER COMMERCIAL® ORGANIZATION

With a collaborative network of independently owned and operated affiliates, the Coldwell Banker Commercial

organization comprises almost 190 companies and 2,800 professionals throughout the U.S.



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PROPERTY PHOTOS



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ROAD MAP



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AERIAL



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MAPS & AERIALS



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MAPS & AERIALS



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MAPS & AERIALS



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MAPS & AERIALS



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CONTACT INFORMATION

For more information, please contact:

COLDWELL BANKER COMMERCIAL




Phone: (270) 781-3844

Fax: (270) 783-0046

John F Huggins

President & CEO

Phone: (270) 781-3844

Fax: (270) 783-0046

Mobile: (270)-791-4397

[email protected]



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CONTACT INFORMATION






Phone: (270) 781-3844

Fax: (270) 783-0046

Stephen Stucy

Commercial Real Estate

Mobile: (270)-392-1255

[email protected]



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CONTACT INFORMATION






Phone: (270) 781-3844

Fax: (270) 783-0046

Travis Ayers

Commercial Real Estate

Mobile: (270)-779-1918

[email protected]



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WHY COLDWELL BANKER COMMERICAL


BACKGROUND

Totally committed to quality results through conscientious attention to detail and

service, Coldwell Banker Commercial Legacy Real Estate Group is one of the

leading full service commercial real estate companies. We offer brokerage,

leasing, property management and consulting services for owners, investors,

and tenants of office, industrial, retail and multi-family residential properties.

SERVICES

• Acquisition and Disposition Services

• Brokerage and Transaction Management

• Design and Construction

• Corporate Services

• Investment Analysis

• Market Research and Analysis

• Project Management

• Property Development

• Property Management

• Facilities Management

• Relocation Services

• Space Planning

• Valuation Services

• Asset Services

AWARDS

• Top Office in State, 2004-2014, 2016-2018

COLDWELL BANKER

COMMERCIAL

LEGACY REAL ESTATE

GROUP



(270) 781-3844

Fax: (270) 783-0046

www.cbclegacycom

CLIENTS REPRESENTED

Walmart

Kroger

Home Instead Senior Care

National City Bank

General Growth Properties

Sam’s Club

Best Buy

Office Depot

Smart Start



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WHY COLDWELL BANKER COMMERICAL

COLDWELL BANKER

COMMERCIAL

175 Park Ave

Madison, NJ 07940

800-222-2162

www.cbcworldwide.com

CBC ADVANTAGES

• The largest domestic footprint in

commercial real estate

• Almost 190 Companies

• Nearly 2,800 professionals

across the globe

• Cutting-edge Property

Searching & Listing:

cbcworldwide.com with over

15,000 listings

• Industry-leading technologies

• Nearly 14,000 Transactions

completed yearly, and increases

year over year

BACKGROUND

A subsidiary of Realogy Corporation, the world’s leading real estate

franchisor, Coldwell Banker Commercial® (CBC) is a worldwide leader in

the commercial real estate industry. The CBC brand has its roots in the

oldest and most respected national real estate brand in the country, which

was founded after the San Francisco earthquake of 1906 by Colbert

Coldwell, who was later joined by Benjamin Banker.

With a collaborative network of independently owned and operated affiliates,

the Coldwell Banker Commercial organization comprises almost 190

companies and 2,800 professionals throughout the U.S., as well as

internationally. In fact, the CBC organization possesses the largest

geographic footprint in today’s commercial real estate marketplace.

The success of the CBC organization lies in its striking versatility. The

organization deftly combines a powerful national presence with the agility of

a regional market innovator. Each CBC affiliate office has the resources and

insight to understand its local market and the expertise to convert this

knowledge into tangible value for each client. Our professionals stand ready

to help clients discover untapped commercial real estate market

opportunities and to deliver a range of services designed to add value to

their businesses. The CBC organization’s skillful professionals and nimble

affiliate offices service a wealth of business categories in markets of any

size, with clients ranging from established corporations to small businesses

to individual investors.



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WHY COLDWELL BANKER COMMERICAL LEGACY REAL ESTATE GROUP

• Because we have the experience, contacts, and knowledge to help you with the sale / lease of

your property.

• We have the resources to get the transaction done in a complete and timely manner.

• We have the technology to provide you with up to date statistics, maps, and demographics, giving

you the tools necessary to make an informed decision.

• We form strong client relationships from our hard work, our loyalty, confidentiality and

trustworthiness. We put the needs and the best interests of the clients first.

• We have done extensive work in Bowling Green

• We have completed many difficult transactions.

• We utilize a marketing platform that was built for the successful marketing of your property.

• The Coldwell Banker Commercial organization has the largest domestic footprint in commercial

real estate with almost 190 Companies and nearly 2,800 professionals across the globe.

• Cutting-edge Property Searching & Listing: cbcworldwide.com with nearly 15,000 property listings.

• The Coldwell Banker Commercial organization completes nearly 14,000 transactions yearly, and

increases year over year.

• We are part of Realogy, which has a wealth of knowledge from these brands: Oncor International,

Coldwell Banker, ERA, Century 21, NRT, Sotheby’s, Better Homes & Gardens, Cartus, and Title

Resource Group.

PREVIOUS YEAR VOLUME TRANSACTIONS VALUE

Leases 7,509 $2.0 Billion

Sale 7,187 $6.4 Billion

TOTAL 14,696 $8.1 Billion



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MARKET OVERVIEW

Why South Central Kentucky

What Drives Your Business?

In a thriving free market, competition breeds growth. If there's one thing we relish in South Central Kentucky, it's the thrill that comes with competing. Whether we meet our opposition on a racetrack or in the boardroom, the focus is the same -we aim to win.

Right now, winning means proving to you that there's no better place to grow your business than in South Central Kentucky. Sure, we are home to the Corvette, JM Smuckers and Fruit of the Loom, but that's not all.

In the heart of it all. Located at the center of a 34-state distribution area in the eastern United States, South Central Kentucky's prime location accelerates the distribution time of goods and materials to a massive industrial and consumer market. In fact, we are within a day's drive of 60 percent of the nation's population, personal income and manufacturing business establishments.

Logistics you can count on. Most states are lucky to have one major shipping hub nearby. Kentucky has two - UPS Worldportin Louisville and DHL in Erlanger. As the nation's third largest air-cargo shipping hub, even our backup modes of transportation have backups. No matter your cargo's destination, we have a way to get it there.

Low costs bring high returns. Kentucky has consistently had one of the lowest overall costs of doing business in the United States. Combined with our overall low cost of living (13 percent lower than the national average), you won't find another location that can save you more money. In addition, the state's innovative tax incentive programs can also provide the flexible financial assistance businesses need when locating, expanding or reinvesting in the state.

Shockingly low utility rates. Think the huge costs leveled against your company's bottom-line costs from utility rates is just something you have to live with? Not here. Kentucky has the lowest cost of electricity in the industrial sector among states east of the Mississippi River and gas rates ranked second lowest in the eastern United States.

A tax structure built for growth. Kentucky’s low property tax burden, a cap on unemployment insurance taxes, low sales tax and sales tax exemption on machinery for new firms drive our competitive tax structure. And what's the best way to help new friends grow their business? By offering a modest six percent sales tax rate and a broad range of exemptions and income tax credits to encourage capital investment and job creation, that's how.

A skilled and motivated workforce. Our region has a strong reputation for meeting and exceeding industry needs by providing companies with a skilled and available workforce to meet the demands of a global economy. Our educational partners train workers in industry-specific skill sets, but it's our ability to provide the flexibility and customization that companies require that sets us apart.

Rich in Southern Lifestyle. In South Central Kentucky, when the workday ends, endless possibilities for enriching your quality of life begin. Whether it's the redefined traditions of thoroughbred racing, the scenery of some of the nation's finest state parks, the heavenly smell of the Southern-style cooking, or the crowded calendar of fine arts events that spark your interest, we've got that and so much more to impress any interest or whim. Having the nation's lowest cost of living, as wellas housing costs up to 30 percent lower than the national average, doesn't hurt either.



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MARKET OVERVIEW

Academic opportunities abound. More than 50 colleges and universities are within 60 miles of South Central Kentucky, including top-ranked schools by U.S. News & World Report.

Western Kentucky University is home to the Carol Martin Gatton Academy of Mathematics and Science, the #1 High School in America three years in a row according to Newsweek.

Vanderbilt University is ranked 15th in the "Best National Universities" by U.S. News & World Report (2016).

Belmont University is ranked 6th in the "Best Regional University South Rankings" by U.S. News & World Report (2016).

South Central Kentucky’s 10-county region is composed of the The Bowling Green-Edmonson Metropolitan Statistical Area (MSA) that includes Allen, Butler, Edmonson and Warren Counties, plus six adjacent counties (Barren, Hart, Logan, Metcalfe, Monroe and Simpson)—totaling 286,258 people in 2014. Over 2,500 people commute from Tennessee to work each day in South Central Kentucky.

A workforce of 113,000 lives in the 10-county region, while a total of 750,000 live within a 100 mile radius. Roughly 50% of the population is 18-54 years of age, while another 24% are under 18. South Central Kentucky has grown by 24% from 2003-2013.

While you explore the stats and numbers that drive our region’s highly-skilled, available workforce to your business, consider the fact that South Central Kentucky is within a day’s drive of 60% of the U.S. population. Our prosperity is both due to our easy accessibility to the world and to the values that drive our people to make their lives and careers here, through generations of progress.



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CONFIDENTIALITY STATEMENT

This offering has been prepared solely for informational purposes. It is designed to assist a potential

investor in determining whether it wishes to proceed with an in-depth investigation of the subject

property. While the information contained herein is from sources deemed reliable, it has not been

independently verified by the Coldwell Banker Commercial affiliate or by the Seller.

The projections and pro forma budget contained herein represent best estimates on assumptions

considered reasonable under the circumstances. No representations or warranties, expressed or

implied, are made that actual results will conform to such projections.

This document is provided subject to errors, omissions and changes in the information and is

subject to modification or withdrawal. The contents herein are confidential and are not to be

reproduced without the express written consent.

Interested buyers should be aware that the Seller is selling the Property “AS IS” CONDITION WITH

ALL FAULTS, WITHOUT REPRESENTATIONS OR WARRANTIES OF ANY KIND OR NATURE.

Prior to and/or after contracting to purchase, as appropriate, buyer will be given a reasonable

opportunity to inspect and investigate the Property and all improvements thereon, either

independently or through agents of the buyer’s choosing.

The Seller reserves the right to withdraw the Property being marketed at any time without notice, to

reject all offers, and to accept any offer without regard to the relative price and terms of any other

offer. Any offer to buy must be: (i) presented in the form of a non-binding letter of intent; (ii)

incorporated in a formal written contract of purchase and sale to be prepared by the Seller and

executed by both parties; and (iii) approved by Seller and such other parties who may have an

interest in the Property. Neither the prospective buyer nor Seller shall be bound until execution of

the contract of purchase and sale, which contract shall supersede prior discussions and writings

and shall constitute the sole agreement of the parties.

Prospective buyers shall be responsible for their costs and expenses of investigating the Property

and all other expenses, professional or otherwise, incurred by them.

©2015 Coldwell Banker Real Estate LLC, dba Coldwell Banker Commercial Affiliates. All Rights Reserved. Coldwell Banker Real Estate LLC, dba Coldwell Banker Commercial Affiliates fully supports the principles of the Equal Opportunity Act. Each Office is Independently Owned and Operated. Coldwell Banker Commercial and the Coldwell Banker Commercial Logo are registered service marks owned by Coldwell Banker Real Estate LLC, dba Coldwell Banker Commercial Affiliates.

Documents

820 Three Springs Rd Bowling Green, KY · 2019. 8. 16. · 820 Three Springs Rd Bowling Green, KY LEGACY REAL ESTATE GROUP CBCworldwide.com PROPERTY • 17,150 Square Feet • 5.92