Investment Highlights

Proven Value-Add Opportunity: Current ownership has renovated roughly 24 of Greenwood Villa’s 121 units which are achieving rent premiums averaging around $150. By renovating the remaining 97 units, new ownership can potentially increase NOI by up to $174,600.

Utilize Ample Unused Space: The property currently has roughly 800 SF of available space in its clubhouse and ample green area in the center of the property. New ownership could utilize these spaces to enhance the community’s amenities package by adding a Swimming Pool, Playground, Fitness Center, Business Center, and/or Covered Outdoor Kitchen & Grilling Area.

Access to High-Quality Schools & Retailers: Tenants of Greenwood Villa have immediate access to Bowling Green’s top retail and schools:

  • The property’s assigned Elementary, Middle, and High Schools are all ranked 7/10 or higher by Greatschools.org
  • Greenwood Mall is across the street from Greenwood Villa, anchored by JCPenney, Old Navy, Dillard’s, & Belk. Additional retail in the area includes Sam’s Club, Kroger, Walmart, TJ Maxx, Chick-Fil-A, Best Buy, Lowe’s, Regal, Target, & Starbucks
  • The Shoppes at Gary Farms is a 100,000 SF shopping center anchored by Dick’s Sporting Goods, PetSmart, & Bed Bath & Beyond

Growing Industrial Sector: The below 4 companies all recently announced investments in their Bowling Green facilities, totaling over $282 million:

  • Kobelco Aluminum - $42 million investment
  • Georgia-Pacific - $100 million investment
  • Bendix Spicer Foundation Brake LLC - 130,000 SF expansion
  • Henkel & ALPLA - $130 million investment

State-Leading Job & Population Growth: Warren County added more new residents than any other county in the state, and Bowling Green is adding the most jobs in the state, with a 5-year job growth of 10.6% as evidenced in part by additional area job announcements:

  • Alpla - $6.9 million investment
  • Precision Strip - $31.7 million investment / 31 jobs
  • Pan-Osten - $3.15 million expansion / 30 jobs

Robust Demand Drivers: Bowling Green is home to several staple employers in the auto manufacturing, retail, education, and medical sectors:

  • GM’s Bowling Green Plant - Since 2011, GM has invested roughly $900 million in this plant which has produced over 1,000,000 Corvettes since 1981. The plant is 1.7M square feet and employs 1,400 people
  • Fruit of the Loom Brand Shop Outlet - 23,500 SF facility / 1,292 jobs
  • Western Kentucky University - 4,646 jobs / 18,183 students
  • The Medical Center at Bowling Green - 316 beds / 2,222 jobs
  • TriStar Greenview - 211 beds
  • Graves Gilbert Clinic - 794 jobs

Bowling Green’s High Quality of Life: Bowling Green is an amenity-rich city with a below-average cost of living, providing its residents the opportunity to take advantage of a high quality of life:

  • Bowling Green’s Cost of Living score is 91 (U.S. Average - 100) - AreaVibes
  • Median Household Income in Zip Code 42103 is $61,377
  • Local entertainment includes Regal Theater, Capitol Arts Center, Public Theatre of Kentucky, National Corvette Museum, Bowling Green Ballpark, Beech Bend Amusement Park, & Lost River Cave

Talk to us about
Greenwood Villa

Broker Details

Get the Full Details on
Greenwood Villa

View CA

Want to know what
your property is worth?

Request Valuation