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BOULEVARD CROSSING 2100 EAST BOULEVARD ST.KOKOMO, IN
Offering Summary
Cushman & Wakefield Retail Investment Advisors present Boulevard Crossing (the Property), a dominant
open-air center located in Kokomo, IN. Anchored by T.J. Maxx and Ulta Beauty, Boulevard Crossing is
shadow anchored by Kohl’s and is located along the heavily travelled retail corridor of South Reed Street
(IN-931). The Property encompasses two separate retail buildings that are a combined 84% occupied.
The offering also includes additional land for a future outlot development located directly in front of
the center. More than 97% of Boulevard Crossing’s occupied GLA is leased to national/regional tenants,
including T.J. Maxx, Ulta Beauty, Petco, Shoe Carnival, Aspen Dental, Kirkland’s, and McAlister's Deli. The
Property is an ideal mix of discount retail, service, and food related tenants, and it’s strategically located
next to two separate manufacturing facilities that employ thousands of workers (Chrysler and GM).
MARK TWAIN VILLAGE
BOULEVARD CROSSING
2Cushman & Wakefield OFFERING SUMMARY
EXECUTIVE SUMMARY
Offering Highlights
ADDRESS
2100 East Boulevard St., Kokomo, INOCCUPANCY
84%GLA (SF)
124,634 SFSITE AREA
17.2+/- Acres
IDEAL TENANT MIX• Anchored by Kohl's (shadow), T.J. Maxx, and Ulta Beauty
• More than 97% of Occupied GLA leased by National/Regional Tenants
• Strong tenant sales and ideal health ratios
• Discount retail, service, and food related tenants
ANCHOR
Tenants
STRATEGIC LOCATION• Positioned along heavily travelled retail corridor S. Reed Street (IN-931)
• Lighted intersection of S. Reed Street and E. Boulevard Street, 36,000 + VPD
• Across the street from two separate manufacturing facilities (Chrysler & GM) with thousands of daily workers
• Trade area encompasses 10+ miles: 88,635 residents with average household income of $63,459
STABILITY WITH GROWTH• Outstanding tenant retention: 56% of total GLA occupied by same tenants for 10+ years
• National Tenants: TJX, Ulta Beauty, Petco, Shoe Carnival, Aspen Dental, Kirkland’s, McAlister's Deli
• National/regional tenants account for 97% of total rental revenue
• Contractual rent growth and ability to add more value: 4.18% CAGR over a 10-year hold
VALUE-ADD OPPORTUNITY• Lease remaining 16% of total GLA
• Offering includes two retail buildings and additional land (outlot)
• Develop outparcel fronting E. Boulevard Street
• Ability to sell outlot retail building and development site separately
$+
BOULEVARD CROSSING
EXECUTIVE SUMMARY
Suite Tenant Size (SF)
A100 Mattress Firm 3,675
A105 Sprint 1,612
A107 Accelerated Rehab 3,098
A114 AVAILABLE 1,333
A117 H&R Block 1,200
Suite Tenant Size (SF)
A120 The UPS Store 1,500
A123 Louie's Tux Shop 1,075
A130 Today's Nails 2,700
A135 Aspen Dental 3,200
A140 Kirklands 6,400
A143 *AVAILABLE (Party City) 11,880
Suite Tenant Size (SF)
A146 Ulta 11,000
A150 TJ Maxx 26,000
B100 *AVAILABLE (Payless) 4,950
B103 Petco 13,560
B105 Shoe Carnival 12,000
B109 Dress Barn 7,513
Suite Tenant Size (SF)
C100 McAlisters Deli 4,800
C103 Sport Clips 1,030
C107 Heartland Vision 1,990C109 AVAILABLE 2,363
C111 Ruoff Home Mortgage 1,755
AvailableOutlotOL1
0.52 AC
FULLACCESS(10,465 ADT)
MONUMENTSIGNMONUMENT
SIGN
IN-9
31(2
5,14
9 AD
T)
East Boulevard Street
POND
POND
DRYDETENTION
FULLACCESS
MONUMENTSIGN
RT. IN\RT. OUT
RT. IN\RT. OUT
MONUMENTSIGN
EXISTINGHOLDER
MATTRESS
EXISTINGERIK'S CHEVROLET
Retail B12,000 SF
Retail A16,200 SF
A14611,000 SF
A15026,000 SF
B103
13,56
0 SF
B105
12,00
0 SF
B109
B11589,000 SF
A14311,880 SF
102' 83' 130'
200'
132'
45'
79'
100'
65'
120'
115'
170'
110'
Former Penn. Central R.R. R/W
LANDLORDROOM
7,513
SF
ATM SOLIDARITYCOMMUNITY FEDON
4,950
SF
B100
LOU
IE'S
TU
X S
HO
P
TOD
AY
'S N
AIL
S
DETARELECCAHTLAEHSMETSYS001A
FS 576,3
A10
5 1
,612
SF
701AFS 890,3
A11
4 1,
333
SF
A11
7 1
,200
SF
A12
0 1
,500
SF
A12
3
1,07
5 S
F
A13
0
2,70
0 S
F
A13
5
3,20
0 S
F
041AFS 004,6
61' 26' 53' 22' 19' 25' 18' 45' 40' 79'
80'
60'
AV
AIL
AB
LE
HE
AR
TLA
ND
VIS
ION AVAILABLE
001CFS 008,4
C10
7
1,9
90 S
F
111CFS 811,4
C10
3 1
,030
SF
80' 18' 33' 69'
60'
RETAIL "B"Scale: 1"=30'
OVERALL SITEScale: 1"=80'
RETAIL "A"Scale: 1"=30'
TENANT SUMMARY
Ruoff Home
Mortgage
AVAILABLE
AV
AIL
AB
LE
AV
AIL
AB
LE
*Both will have vacated by analysis start date
MARK TWAIN VILLAGE
BOULEVARD CROSSING
4Cushman & Wakefield OFFERING SUMMARY
SITE PLANRETAIL A
RETAIL B
RETAIL B
RETAIL A
SITE PLAN KEY
88,635Total Population
within 10 miles of Boulevard Crossing
$63,459 Average Household Income
within 10 miles of Boulevard Crossing
41,399Total Housing Units within 10 miles of
Boulevard Crossing
MARK TWAIN VILLAGE
BOULEVARD CROSSING
5Cushman & Wakefield OFFERING SUMMARY
GENERAL MOTORS COMPONENTS
HOLDING
CHRYSLER TRANSMISSION
PLANT
TRADE AREA DEMOGRAPHICS
IN-931/ SOUTH REED ROAD (24,636 VPD)
BOULEVARD STREET (12,237 VPD)FUTURE
DEVELOPMENT OPPORTUNITY
6Cushman & Wakefield
Investment Contacts
SAN FRANCISCO CA
PHOENIXAZ
DALLASTX
CHICAGOIL
ATLANTAGA
MIAMIFL
EAST RUTHERFORDNJ
MANHATTANNY
225 W WACKER DR SUITE 3000 CHICAGO, IL CWRETAILADVISORS.COM
R E TA I L I N V E S T M E N T A D V I S O R S
MICHAEL MARKSManaging Director
312 470 2317 [email protected]
GEORGE M. GHATTASSenior Director312 424 8075
EVAN HALKIAS Managing Director
312 470 2318 [email protected]
DAVID MATHEISAssociate Director
312 470 [email protected]
MARK GILBERTExecutive Managing Director
305 533 [email protected]
BILL FRENCHExecutive Director
317 639 [email protected]
Broker Of Record / Leasing
