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Property profile & analytics
FOR LEASE
Outlet malls

951 Lewis And Clark Pkwy Clarksville, IN 47129-7400

47,348 SF 3.71 ac lot Built 1991
Individually Owned 1-yr Hold Free & Clear
Property ID
US31-2049797
Property summary
AI-generated overview

This exceptional 308,291 square-foot shopping center in Clarksville, Indiana, presents a compelling investment opportunity. Shadow-anchored by a 286,000 square-foot Bass Pro Shops (the second largest in the U.S.), this multi-tenant property boasts a remarkable 97% occupancy rate. Its strategic location at the I-65 freeway on/off ramp ensures high visibility and accessibility, with an estimated 80,000 cars passing daily. The center benefits from a strong tenant base, with 90% national and regional tenants, and 67% having occupied the space since at least 2013. Significant renovations were completed in 2013 to the Value City Furniture/Fun City Trampoline Park, including facade, parking lot, roof, HVAC, landscaping, and utilities. The property sits on 24.25 acres and was built in 1991. Located within the Clarksville Redevelopment District, this asset benefits from a thriving market with a 2.3% unemployment rate and projected 36% population growth over ten years. The property's location within the Louisville, KY MSA (1.2 million people) further enhances its appeal. The substantial regional draw of the Bass Pro Shops, with 45% of shoppers traveling over 30 miles, contributes to the property's exceptional performance and significant upside potential. APN: 10-24-03-200-949.000-013, 10-24-03-200-950.000-013, 10-24-03-200-951.000-013, 10-24-03-200-954.000-013. Address: 951 East Lewis and Clark Parkway, Clarksville, IN 47129.

Property profile
Verified
Property type Outlet malls
Use group WHOLESALE OUTLET, DISCOUNT STORE
Year built 1991
Construction TYPE NOT SPECIFIED
Total area 47,348 SF
Lot 3.71 ac (161,738 SF)
APN 10-24-03-200-392.000-013
UPID US31-2049797
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
$2.97M
Blend (final) Blend
$525k
Owner & transaction history
Larry J Craig · 1 yrs held
Larry J Craig
since 2024
3 recorded transactions
2024
Price N/A
2023
Price N/A
2022
Price N/A
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general) $3.6M +20.6%
Restaurant $3.2M +8.9%
Medical building $3.2M +6.5%
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
More about this property
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