40,200 SF | +/- 10.16 Acres

4305 Canton Pike,

Hopkinsville, KY 42240 PLAZAOAK VIEW

CONFIDENTIAL OFFERING MEMORANDUM

C O N F I D E N T I A L I T Y & D I S C L A M E R

The information contained in the following Marketing Brochure is proprietary and strictly confidential. It is intended to be reviewed only by

the party receiving it from Marcus & Millichap and should not be made available to any other person or entity without the written consent

of Marcus & Millichap. This Marketing Brochure has been prepared to provide summary, unverified information to prospective purchasers,

and to establish only a preliminary level of interest in the subject property. The information contained herein is not a substitute for a

thorough due diligence investigation. Marcus & Millichap has not made any investigation, and makes no warranty or representation, with

respect to the income or expenses for the subject property, the future projected financial performance of the property, the size and square

footage of the property and improvements, the presence or absence of contaminating substances, PCB's or asbestos, the compliance

with State and Federal regulations, the physical condition of the improvements thereon, or the financial condition or business prospects of

any tenant, or any tenant's plans or intentions to continue its occupancy of the subject property. The information contained in this

Marketing Brochure has been obtained from sources we believe to be reliable; however, Marcus & Millichap has not verified, and will not

verify, any of the information contained herein, nor has Marcus & Millichap conducted any investigation regarding these matters and

makes no warranty or representation whatsoever regarding the accuracy or completeness of the information provided. All potential buyers

must take appropriate measures to verify all of the information set forth herein. Marcus & Millichap is a service mark of Marcus & Millichap

Real Estate Investment Services, Inc. © 2018 Marcus & Millichap. All rights reserved

Marcus & Millichap is not affiliated with, sponsored by, or endorsed by any commercial tenant or lessee identified in this marketing

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endorsement by, said corporation of Marcus & Millichap, its affiliates or subsidiaries, or any agent, product, service, or commercial listing

of Marcus & Millichap, and is solely included for the purpose of providing tenant lessee information about this listing to prospective

customers.

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PLEASE CONSULT YOUR MARCUS & MILLICHAP AGENT FOR MORE DETAILS.

N O N - E N D O R S E M E N T N O T I C E

TABLE OF CONTENTS

01INVESTMENT OVERVIEW

02

03

PRICING & FINANCIAL ANALYSIS

DEMOGRAPHIC & MARKET OVERVIEW

BROKER OF RECORD: Colby Haugness

01INVESTMENT

OVERVIEW

5

INVESTMENT HIGHLIGHTS

Oak View Plaza | 40,200 Square Foot Shopping Center | Hopkinsville, KY | County Seat

Anchored by Food Lion | Internet-Resistant Tenant Mix | 100 Percent Occupied

Strong Sales by Food Lion Supports their Plan for a Full Interior Remodel in 2021

New Food Lion Roof in Aug. 2018 (20-Year Warranty) | Exterior Building Repainted and Parking Lot Restriped in May 2019

Long-Term Historical Occupancy | Build-to-Suit for Food Lion | Part of Food Lion Distribution Network with Four Other Stores

Situated Near Multiple Elementary and High Schools Including Hopkinsville Community College

More than 35,000 Residents and 45,000 Employees within Five-Miles

Located 22-Miles from Fort Campbell US Army Base | Over 63,000 Army & Civilian Jobs | $1 Billion Local Economy Impact

64-Miles West of Bowling Green, KY | 74-Miles Northwest of Nashville, TN

$$$

PLAZAOAK VIEW

6

7

Unit TenantSquare Footage

1 Food Lion 33,000

2 Red Essentials 1,200

3Duguid, Gentry &

Associates3,600

4 Allstate 1,200

5 No Loose Ends 1,200

*Site plan is a representation of the property with the number

of units, parking spots and relative size of both. It does not

show the absolute exact size of the units relative to the other

spaces or the exact number of parking spots.8

SITE PLAN

(1)(2)(3)(4)(5)

SUBJECT PROPERTYChristian County Livestock Market

TVA Hopkinsville

Bradford Heights Health & Rehab

Danny Marcum Refrigeration

Ebonite International

General Steel Crane & Rigging

Christian County High School

Christian County Middle School

Hopkinsville Community College

US Smokeless Tobacco, Altria

American Concrete

PortaGraceManufacturing

Jeffers Bend Recreation Area

LEE Building Products

Western Hills Municipal Golf

UPS Customer Center

Swisher International

MetalsaGrupoAntolin Inc.

Hopkinsville Christian County Airport

Hopkinsville Country Club

Ross College Hopkinsville

Hopkinsville High & Middle School Heritage Christian

Academy

Western Kentucky State Fair

Jennie Stuart Medical Center

DeBow Recreation ComplexMarsh Industrial

Warehousing

H&R Agri-Power

YMCA

Hopkinsville Community CollegeEnrollment: 4,459Christian County High SchoolEnrollment: 1,190Hopkinsville High SchoolEnrollment: 1,100

Walmart Distribution CenterMartinreaT.RAD North AmericaMetalsa Structural Products Inc.TG Automotive Sealing KYGrupo Antolin Kentucky Inc.

.35,833 Residents | 45,416 Employees

Stadium of Champions

PennyRoyalScuba Center

10

225-Miles

213-Miles

85-Miles

203-Miles

251-Miles74-Miles

22-Miles

64-Miles

212-Miles

173-Miles

02PRICING & FINANCIAL

ANALYSIS

1-Mile 3-Miles 5-Miles

2023 Projected Population 2,773 22,170 36,473

2018 Estimate Population 2,641 21,866 35,833

2000 Census Population 2,347 20,867 33,984

2023 Projected Households 1,247 8,984 14,797

2018 Estimate Households 1,166 8,725 14,333

2000 Census Households 967 8,330 13,585

2018 Estimated Employees 1,732 22,566 45,416

EXECUTIVE SUMMARY

Year Built 1999

Gross Leasable Area (GLA) 40,200 SF

Current Occupancy 100.00%

Lot Size +/- 10.16 Acres

Ownership Fee Simple

TENANT GLALEASE

EXPIRATIONLEASE

TYPE

Food Lion #1571 33,000 05/25/2024 NNN

Duguid, Gentry & Associates 3,600 04/30/2024 NNN

Allstate Insurance 1,200 04/30/2024 NNN

EMPLOYER

Walmart Distribution Center

Martinrea

T.RAD North America

Metalsa

TG Automotive Sealing KY

Grupo Antolin Kentucky Inc.

12Marcus & Millichap makes no representations as to the accuracy of the information contained herein. Buyer must verify all information and bears all risk for any inaccuracies.

MAJOR TENANTS

DEMOGRAPHICS

MAJOR EMPLOYERS

SITE DESCRIPTION

4305 Canton Pike,

Hopkinsville, KY 42240

PLAZAOAK VIEW

13

RENT ROLL AND TENANT LEASE SUMMARY

Marcus & Millichap makes no representations as to the accuracy of the information contained herein. Buyer must verify all information and bears all risk for any inaccuracies.

PLAZAOAK VIEW

Tenant Name (Lease Type)

Tenant Description

Square

Feet

Pro-Rata

Share

Lease

Commence

Lease

Expiration

Annual

Rent/ SF

Monthly

Base Rent

Annual

Base RentTenant Option Terms

Food Lion #1571 (Triple-Net) 33,000 82.09% 05/26/1999 05/25/2024 $8.75 $24,063 $288,750 Three, Five-Year (Flat Rent)

Food Lion, LLC

+/- 1,030 Locations

A regional grocer operating throughout ten states

and provides “To-Go” pickup services.

CAM & MGMT: Fixed at $14,850 annually

Taxes: Pro-rata share

Insurance: Pro-rata share over base year, less $1,664

Red Essentials (Triple-Net) 1,200 2.99% 03/01/2016 08/31/2020 $7.40 $740 $8,880 Auto-Renewal, One-Year

Red Essentials, LLC

1 Location

A regional and online distributor of Case IH

agriculture apparel.

CAM & MGMT: Pro-rata share

Taxes: Pro-rata share

Insurance: Pro-rata share

Duguid, Gentry and Associates (Triple-Net) 3,600 8.96% 10/09/2017 04/30/2024 $7.46 $2,238 $26,856 N/A

Duguid, Gentry and Associates, PSC

2 Locations

A local accounting firm serving the community for

20-years and has received excellent reviews.

CAM & MGMT: Pro-rata share

Taxes: Pro-rata share

Insurance: Pro-rata share

Allstate (Triple-Net) 1,200 2.99% 05/08/2010 04/30/2024 $7.40 $740 $8,880 N/A

Kristy Financial Services, LLC

+/- 9,300 Locations (NYSE: ALL)

Second largest American property and casualty

insurance company with $20B in annual revenue.

CAM & MGMT: Pro-rata share

Taxes: Pro-rata share

Insurance: Pro-rata share

No Loose Ends (Triple-Net) 1,200 2.99% 02/26/2019 04/30/2024 $7.45 $745 $8,940 N/A

Personal Guarantee

1 Location

A local hair/ nail salon and spa that has received

excellent online ratings.

CAM & MGMT: Pro-rata share

Taxes: Pro-rata share

Insurance: Pro-rata share

Total Occupied 40,200 100.00% $28,526 $342,306

Total Vacant 0 0.00% $0 $0

Total 40,200 100.00% $28,526 $342,306

14

PRICING DETAIL & OPERATING DATA

List Price $3,550,000

CAP Rate 9.12%

Price/SF $88

Net Operating Income $323,604

Current Occupancy 100.00%

Gross Leasable Area (GLA) 40,200 SF

Lot Size +/- 10.16 Acres

Scheduled Base Rental Income $342,306

Expense Reimbursement Income

CAM $18,113

Insurance $4,409

Real Estate Taxes $28,460

Management $2,818

Total Reimbursement Income $53,799

Effective Gross Revenue $396,105

Less: Operating Expenses ($72,502)

Net Operating Income $323,604

Less: Debt Service ($177,588)

Net Cash Flow After Debt Service 16.45% $146,015

Add: Principal Reduction $58,983

Total Return 23.10% $204,998

CURRENT OPERATING DATA

Loan Type Proposed New

Down Payment 25% | $887,500

Loan Amount 75% | $2,662,500

Interest Rate | Amortization 4.50% | 25-Years

Debt Coverage Ratio 1.82

LOAN INFORMATION

Marcus & Millichap makes no representations as to the accuracy of the information contained herein. Buyer must verify all information and bears all risk for any inaccuracies.

Operating Expenses Current Per/SF

Co

mm

on A

rea

Main

ten

an

ce

Electric $6,980 $0.17

Est. Snow Removal $2,000 $0.05

Landscaping $3,190 $0.08

Lighting Repairs $1,014 $0.03

General R&M $4,833 $0.12

Fire Protection $200 $0.00

Total CAM Expenses $18,217 $0.45

2018 Insurance $6,073 $0.15

2019 Real Estate Taxes* $28,460 $0.71

Management Fee (4% of EGR) $15,732 $0.39

Est. Reserves $4,020 $0.10

Total Expenses $72,502 $1.80

*Real Estate taxes based on 2018 total value of $2,825,000

THE OFFERING

PLAZAOAK VIEW

03DEMOGRAPHIC & MARKET

OVERVIEW

16

OAK VIEW PLAZA

PLAZAOAK VIEW

17Marcus & Millichap makes no representations as to the accuracy of the information contained herein. Buyer must verify all information and bears all risk for any inaccuracies.

DEMOGRAPHIC OVERVIEW

Source: © 2018 Experian

POPULATION 1 Miles 3 Miles 5 Miles▪ 2023 Projection

Total Population 2,773 22,170 36,473

▪ 2018 Estimate

Total Population 2,641 21,866 35,833

▪ 2010 Census

Total Population 2,573 21,780 35,628

▪ 2000 Census

Total Population 2,347 20,867 33,984

▪ Current Daytime Population

2018 Estimate 1,732 22,566 45,416

HOUSEHOLDS 1 Miles 3 Miles 5 Miles▪ 2023 Projection

Total Households 1,247 8,984 14,797

▪ 2018 Estimate

Total Households 1,166 8,725 14,333

Average (Mean) Household Size 2.38 2.39 2.41

▪ 2010 Census

Total Households 1,150 8,826 14,487

▪ 2000 Census

Total Households 967 8,330 13,585

▪ Occupied Units

2023 Projection 1,247 8,984 14,797

2018 Estimate 1,276 9,743 16,329

HOUSEHOLDS BY INCOME 1 Miles 3 Miles 5 Miles▪ 2018 Estimate

$150,000 or More 6.34% 4.12% 3.86%

$100,000 - $149,000 13.94% 7.73% 7.90%

$75,000 - $99,999 10.40% 8.68% 8.38%

$50,000 - $74,999 26.85% 19.44% 18.97%

$35,000 - $49,999 13.99% 15.50% 15.29%

Under $35,000 28.49% 44.55% 45.57%

Average Household Income $71,895 $55,163 $54,354

Median Household Income $56,543 $39,807 $39,147

Per Capita Income $31,733 $22,423 $22,152

HOUSEHOLDS BY EXPENDITURE 1 Miles 3 Miles 5 MilesTotal Average Household Retail Expenditure $69,542 $56,151 $55,562

▪ Consumer Expenditure Top 10 Categories

Housing $15,343 $12,597 $12,428

Transportation $13,773 $10,707 $10,549

Shelter $7,749 $6,356 $6,265

Food $6,931 $5,769 $5,714

Personal Insurance and Pensions $5,599 $3,972 $3,902

Health Care $4,838 $3,958 $3,872

Utilities $4,146 $3,480 $3,451

Entertainment $2,678 $2,149 $2,113

Cash Contributions $2,436 $1,765 $1,715

Household Furnishings and Equipment $1,663 $1,307 $1,298

POPULATION PROFILE 1 Miles 3 Miles 5 Miles▪ Population By Age

2018 Estimate Total Population 2,641 21,866 35,833

Under 20 23.96% 26.32% 26.59%

20 to 34 Years 22.26% 23.84% 23.09%

35 to 39 Years 5.65% 5.76% 5.66%

40 to 49 Years 10.78% 10.24% 10.48%

50 to 64 Years 19.04% 17.04% 17.74%

Age 65+ 18.31% 16.78% 16.45%

Median Age 38.28 34.85 35.26

▪ Population 25+ by Education Level

2018 Estimate Population Age 25+ 1,784 13,987 22,900

Elementary (0-8) 1.84% 3.27% 4.12%

Some High School (9-11) 5.49% 9.17% 9.65%

High School Graduate (12) 27.14% 32.84% 33.07%

Some College (13-15) 27.94% 25.04% 24.54%

Associate Degree Only 9.39% 9.92% 9.52%

Bachelors Degree Only 17.05% 11.91% 11.20%

Graduate Degree 10.15% 7.11% 7.13%

Created on September 2019

PLAZAOAK VIEW

18Marcus & Millichap makes no representations as to the accuracy of the information contained herein. Buyer must verify all information and bears all risk for any inaccuracies.

DEMOGRAPHIC OVERVIEW

Source: © 2018 Experian

Income

In 2018, the median household income for your selected geography is

$39,147, compare this to the US average which is currently $58,754.

The median household income for your area has changed by 24.98%

since 2000. It is estimated that the median household income in your

area will be $44,855 five years from now, which represents a change

of 14.58% from the current year.

The current year per capita income in your area is $22,152, compare

this to the US average, which is $32,356. The current year average

household income in your area is $54,354, compare this to the US

average which is $84,609.

Population

In 2018, the population in your selected geography is 35,833. The

population has changed by 5.44% since 2000. It is estimated that the

population in your area will be 36,473 five years from now, which

represents a change of 1.79% from the current year. The current

population is 49.81% male and 50.19% female. The median age of

the population in your area is 35.26, compare this to the US average

which is 37.95. The population density in your area is 455.89 people

per square mile.

Households

There are currently 14,333 households in your selected geography.

The number of households has changed by 5.51% since 2000. It is

estimated that the number of households in your area will be 14,797

five years from now, which represents a change of 3.24% from the

current year. The average household size in your area is 2.41 persons.

Employment

In 2018, there are 45,416 employees in your selected area, this is also

known as the daytime population. The 2000 Census revealed that

50.83% of employees are employed in white-collar occupations in

this geography, and 49.04% are employed in blue-collar occupations.

In 2018, unemployment in this area is 6.22%. In 2000, the average

time traveled to work was 17.00 minutes.

Race and Ethnicity

The current year racial makeup of your selected area is as follows:

62.86% White, 30.50% Black, 0.09% Native American and 1.58%

Asian/Pacific Islander. Compare these to US averages which are:

70.20% White, 12.89% Black, 0.19% Native American and 5.59%

Asian/Pacific Islander. People of Hispanic origin are counted

independently of race.

People of Hispanic origin make up 4.46% of the current year

population in your selected area. Compare this to the US average of

18.01%.

Housing

The median housing value in your area was $113,283 in 2018,

compare this to the US average of $201,842. In 2000, there were

8,015 owner occupied housing units in your area and there were

5,570 renter occupied housing units in your area. The median rent at

the time was $357.

PLAZAOAK VIEW

PLAZAOAK VIEW

BROKER OF RECORD: Colby Haugness

FRANK J. SIMCICAssociate Director - National Retail Group

Cincinnati Office

Tel: (513) 878-7745

Fax: (513) 878-7710

frank.simcic@marcusmillichap.com

Licenses: OH SAL.2015005386

STANTON R. FALKSenior Vice President Investments

Senior Director - National Retail Group

Cincinnati Office

Tel: (513) 878-7721

Fax: (513) 878-7710

stanton.falk@marcusmillichap.com

Licenses: OH SAL.2012001364

EXCLUSIVELY LISTED BY:

www.dumesfalk.com

JOEL M. DUMESSenior Vice President Investments

Senior Director - National Retail Group

Cincinnati Office

Tel: (513) 878-7720

Fax: (513) 878-7710

joel.dumes@marcusmillichap.com

Licenses: OH SAL.2003013045, KY 63818