Investment Highlights

Great Unit Mix: Parks at Vine offers investors a great unit mix with over 87% 2 BD units. The 2 bed floorplans average over 1,100 square feet.

Light Value-Add: Units with vinyl flooring are receiving a $100 rent premium. New ownership will have the opportunity to add value to the property through a light renovation, such as replacing the flooring for the remaining units, adding black or stainless steel appliances, adding washer/dryer machines into all units, painting the cabinets, or replacing the countertops.

Well Maintained Asset: Current ownership does an excellent job maintaining the exterior and curb appeal of the asset.

Additional Land to Develop: The offering includes a Phase II component consisting of 12.80
acres zoned for an additional 216 multifamily units that new ownership will have the option to develop.

Excellent Amenities Package: Parks at Vine offers an outstanding amenities package, including:

  • Playground
  • Fitness Studio
  • Garages Available
  • Resident Lounge
  • Swimming Pool
  • Balcony/Patio
  • Washer/Dryer Connections

Hardin County Demand Drivers: Tenants have quick access to many of Hardin County’s top demand drivers, including:

  • Towne Mall & Surrounding Retail: 350,000 SF; Belk, JCPenney, Burkes Outlet, Kroger, Sam’s Club, Walmart, Home Depot, Lowe’s, Target, Hobby Lobby, Academy Sports, At Home
  • Mall Park: 203,010 SF; Bed Bath & Beyond, Kirkland’s, Michales, Ross, Old Navy, TJ Maxx, Shoe Carnival
  • Baptist Health Hardin: 300 beds; 2,700 jobs
  • Radcliff Veterans Center: 120 beds; Kentucky’s newest veterans home
  • Redmar Plaza Development: $90 million development featuring two Hilton-brand hotels, three new restaurants, plus medical, office, and retail space. City leaders hope to break ground in 2021.
  • TJ Patterson and Hughes Center of Commerce & Industry Industrial Parks: Roughly 7,000 jobs are located within these industrial parks 

Fort Knox Military Base: Fort Knox was recently selected to be the Army’s 4th Headquarters, has an economic impact in the region over $2.6 billion, and provides 22,000 military & civilian jobs. The base is home to the U.S. Army Human Resources Command, which occupies a nearly 900,000 SF facility (largest office building in Kentucky).

Low Unemployment Rate: The Radcliff/Elizabethtown unemployment rate is 4.9%, much lower than the national unemployment rate of 8.4%, signaling the strength of the local economy.

Louisville’s Manufacturing Expanding South: Louisville, Kentucky’s largest city, has been expanding its manufacturing south into Bullitt County, which borders Hardin County. Recent capital investments into Bullitt County include a Turning Point Brands distribution facility, Jim Beam expansion, Walmart distribution center, and multiple business parks such as Velocity 65 Trade Center and LogistiCenter at 480.

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