OFFERING MEMORANDUM ANDERSON CROSSING Lawrenceburg, KY
PROPERTY SUMMARY PROPERTY DETAILS Anderson Crossing Center has excellent visibility from 127 Bypass Rd. heading north and south with 17,000 cars per day. The center is located at a signalized intersection and anchored by Kroger, Kroger Fuel, Goodwill, Shoe Sensation and Rent-A-Center. Address: 1244-1296 Anderson Crossing Dr., Lawrenceburg, KY Parcel ID: 50A-15-04 County: Anderson Price: $2,200,000 CAP Rate: 8.25% Zoning: B-1 General-Neighborhood Business SQ FT: 24,710 Acreage: 4.53 Acres CONTACT INFORMATION Cheryl Johnston cjohnston@cmiproperties.com
LOCATION SUMMARY ANDERSON COUNTY Anderson Crossing is a 24,710 square foot shopping center located in Lawrenceburg, KY. Lawrenceburg is part of the Lexington DMA. Lawrenceburg (11,081 population), the county seat, is located in Anderson County (21,811 population). It is 22 miles northeast of Lexington. Lawrenceburg s largest employers are General Cable (238 employees) and Florida Tile (220 employees). Frankfort, the state capital for KY, is located 11 miles north on Hwy 127 is the home of over 11,000 state employees and draws from Lawrenceburg to fulfill that employment need. Agriculture, Equestrian, University of Kentucky, and Toyota/car manufacturing continue to play a major role in the local economy. Local attractions to Lawrenceburg, KY, include Wild Turkey bourbon distillery (3.5 miles northeast) and Lovers Leap Winery (5.5 miles northeast). Anderson County High School (1,180 students) is located.5 miles northeast of Anderson Crossing Center. Anderson County Middle School (839 students) is located 1 mile northeast of the center.
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BUSINESS & INDUSTRY Employment by Major Industry by Place of Work, 2015 Anderson County Labor Market Area Employment Percent Employment Percent Total All Industries 4,498 100.0 354,524 100.0 Total Private Industries 3,564 79.2 285,184 80.4 Natural Resources and Mining N/A N/A 3,273 0.9 Construction 167 3.7 14,713 4.2 Manufacturing 1,005 22.3 47,860 13.5 Trade, Transportation & Utilities 949 21.1 61,627 17.4 Information 13 0.3 5,919 1.7 Financial Activities 212 4.7 12,127 3.4 Professional & Business Services 85 1.9 42,301 11.9 Education and Health Services 355 7.9 37,360 10.5 Leisure and Hospitality 557 12.4 38,967 11.0 Other Services and Unclassified 93 2.1 8,569 2.4 Source: U.S. Department of Labor, Bureau of Labor Statistics.
BUSINESS & INDUSTRY Top 20 by Employment (Manufacturing & Service & Technology Firms Only) Lawrenceburg Firm Product(s)/Service(s) Emp. Year Established Algood Food Company Jellies, jams, preserves 42 1993 Bauer's Candies Inc Modjeskas (homemade caramel covered marshmallows) 14 1889 Custom Tool & Manufacturing Co Wiring harnesses, machine shop; welding 35 1989 Diade USA Inc Produce and design mosaic tile 34 2010 Dlubak Glass Company Embedded Data Systems LLC Florida Tile Inc Florida Tile Inc Glass recycling for automotive & window fabricators. Recycling of laminated windshields, backlites, side lights automotive headlamps, fluorescent tubes & insulated window glass Host adapters, sensors, IO devices mfgs complete lines of ibutton, Thermochron, 1-Wire interface products. Provides custom-engineered solutions, custom designs of electronic sensors & ethernet servers. Local controller can also be made to spec. Produce ceramic and porcelain tile. Import and distribute ceramic, porcelain, and stone. Manufacturer and distributor of porcelain and ceramic wall tile, as well as natural stone and decorative glass and metal tiles. 10 1995 5 2003 220 1969 70 2015 Four Roses Distillery LLC Manufacture distilled spirits, primarily bourbon 110 1946 General Cable Telephone cable, datacom cable 310 1974 Glo-Marr Pet Products, Inc Animal healthcare products & vitamin supplements 15 1988 Hanson Aggregates Tyrone Quarry Crushed limestone 18 1936 Kapstone Container Corporation Corrugated boxes 4 1985
BUSINESS & INDUSTRY Top 20 by Employment (Manufacturing & Service & Technology Firms Only) Firm Product(s)/Service(s) Emp. Year Established Kentucky Nutrition Service Inc Livestock vitamins & minerals 11 1980 Kentucky Welding Tool & Die Inc Precision tool and die, machining, fabrication, and maintenance. 18 1996 Lovers Leap Vineyards & Winery Winery and vineyards 5 N/A Maynard Studios, Inc. Manufacturer of hand-forged custom stair rails, furniture, etc. 6 2010 Wild Turkey Bourbon Distilled spirits and visitor center 158 1855 YKK USA Source: Kentucky Cabinet for Economic Development (1/23/2018). Automatic attaching machines, metal buttons, snaps, fasteners, hooks & eyes 122 1955
TENANT OVERVIEW Kroger: Kroger is one of the largest supermarket chains in the United States. Kroger is currently operating in 35 states and they currently own and operate 2,790 grocery stores, 783 convenient stores, and 306 fine jewelry stores. Kroger owns their location at Anderson Crossing. The Kroger Store is a huge driver of traffic to the shopping center and a main resource for many families in Anderson County for food and other necessities. Shoe Sensation: Shoe Sensation is a footwear retailer of quality, brand-name footwear for the whole family. They carry athletic brands like Nike, Adidas, Under Armour and New Balance as well as popular lifestyle brands Converse and Vans. Shoe Sensation grew aggressively in 2017, increasing the number of stores by 25% to 175 locations across 18 states in the south and Midwest. Opening in Anderson Crossing in 2016, they have created an exciting shopping experience with superior product assortment and have enjoyed immense success. King s Wok: King s Wok is a local, well-known Chinese dine-in and takeout restaurant for the residents of Lawrenceburg. They opened at Anderson Crossing in 2004. King s Wok is recognized for their excellent service, friendly staff, and fresh ingredients. STC Consolidated DBA Sun Tan City: Sun Tan City is a tanning salon with 250 stores throughout the US. They opened the Anderson Crossing location in 2004. Sun Tan City is a favorite of locals and a great retail driver to the center.
TENANT OVERVIEW Polka Dot Kids: Polka Dot Kids is a children s clothing consignment store which opened in the center in 2017. The boutique store provides a wide array of gently used children s clothing, toys, children s furniture and other related items. Colorama DBA Rent-A-Center: Rent-A-Center is a furniture rental service store located in the center since 2004. It provides customers with a wide selection of furniture available for rent for homes and businesses. Pretty Nails: Pretty Nails is a full-service nail salon that has operated in the center since 2002. They have a wonderful reputation for offering quality services at affordable prices. Quickcuts: Quickcuts is a local hair salon operating in the center since 2010. They offer hair styling, cutting, and hygiene products to customers young and old.
TENANT OVERVIEW Go Wireless KY: Metro PCS cell phone store opened in the center in 2017. They provide new and used wireless telecommunication products to customers. Movie Vault: Movie Vault has been a Tenant at Anderson Crossing since 2010. They offer video game and DVD rental store in the shopping center. Movie Vault carries both regular and Blu-ray DVDs as well as new and old games. They offer customers a chance to trade in moves, video games, and gaming systems whole. The store owner also operated another business, Petropolis, inside the space. It specializes in sales of salt water fish and aquarium accessories. Boost Mobile: Boost Mobile opened in the shopping center in 2018. It is a wireless telecommunications company that serves consumers in the United States and Australia. Boost Mobile is a subsidiary of the Sprint Corporation. They offer prepaid wireless communication services and discount phone prices.