Investment Highlights

Turnkey, New Construction Asset: Walnut Valley offers an investor 84 turnkey units constructed in 2019 and 2020 with finishes including hardwood floors, granite countertops, and stainless steel appliances.

Organic Rent Growth Opportunity: Current rents at Walnut Valley are $50-$100 below market value and the property is 100% occupied. New ownership will have the opportunity to increase NOI by raising market rents and all renewals or new leases.

Pristine Neighborhood Setting: Walnut Valley offers tenants a unique neighborhood setting with newly paved streets, sidewalks, large driveways, lush landscaping, a garage with every unit, and access to fiber internet.

Access to High Quality Retailers: Walnut Valley tenants have immediate access to Bowling Green’s top retail:

• Greenwood Mall - 852,000 SF shopping mall 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 - 100,000 SF shopping center anchored by Dick’s Sporting Goods, PetSmart, & Bed Bath & Beyond

#2 Ranked Manufacturing City: Bowling Green’s six largest facilities employ over 5,200 people with an economic impact over $14.4 billion. The jobs at the top 6 facilities help support over 8,000 other jobs in the community. The below companies all recently announced investments in their Bowling Green facilities, totaling over $450 million:

• Crown Holdings - $147.6 million investment; 327,000 SF facility
• Dollar General - $26 million investment; 160,000 SF facility
• 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%.

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 1.7 million square feet and employs 1,400 people
• Fruit of the Loom Brand Shop Outlet - 23,500 SF facility
• Western Kentucky University - 4,646 jobs / 18,183 students
• Houchens Industries - 5,000 jobs (720 local)
• The Medical Center at Bowling Green - 316 beds / 2,222 jobs
• TriStar Greenview - 211 beds
• Graves-Gilbert Clinic - 794 jobs