CLAY’S POINTE DUPLEXES
SUBMITTED BY: LEAD AGENTS
Tim VanWingerden
Associate Louisville D. 513.878.7750 tim.vanwingerden@marcusmillichap.com
Jordan Dickman
First Vice President Investments Cincinnati Office D. 513.878.7735 jordan.dickman@marcusmillichap.com
Nick Andrews
First Vice President Investments Cincinnati Office D. 513.878.7741 nicholas.andrews@marcusmillichap.com
NON-ENDORSEMENT & DISCLAIMER NOTICE CONFIDENTIALITY DISCLAIMER THIS IS A BROKER PRICE OPINION OR COMPARATIVE MARKET ANALYSIS OF VALUE AND SHOULD NOT BE CONSIDERED AN APPRAISAL. This information has been secured from sources we believe to be reliable, but we make no representations or warranties, express or implied, as to the accuracy of the information. References to square footage or age are approximate. Buyer must verify the information and bears all risk for any inaccuracies.
NON-ENDORSEMENT NOTICE Marcus & Millichap is not affiliated with, sponsored by, or endorsed by any commercial tenant or lessee identified in this marketing package. The presence of any corporation’s logo or name is not intended to indicate or imply affiliation with, or sponsorship or endorsement by, said corporation of Marcus & Millichap, its affiliates or subsidiaries, or any agent, product, service, or commercial listing of Marcus & Millichap, and is solely included for the purpose of providing tenant lessee information about this listing to prospective customers.
CONTENTS
B R O K E R C A PA B I L I T I E S
06 | THE INVESTMENT
01
&
30 | LOCAL COMP E TITORS
02
38 | THE FIN ANC I ALS
03
44 | LOCAL M ARKE T
04
O P I N I O N O F V A L U E
CALABASAS, CALIFORNIA | HQ
80+ | OFFICES
2,500 | EMPLOYEES
UNRIVALED SUCCESS IN THE MIDWEST Nick Andrews
First Vice President Investments Director, NMHG
Jordan Dickman
First Vice President Investments Director, NMHG
INVESTMENT ADVISORS
Austin Sum
JD Schmerge
Brian Johnston
Tim VanWingerden
Senior Investment Associate
Investment Associate
Investment Associate
Investment Associate
DEBT & STRUCTURED FINANCE
Chris Litzler
Senior Director of Organization MMCC
VALUATION & RESEARCH
Sam Petrosino
Financial & Research Analyst
CLIENT RELATIONS
MARKETING
Alex Papa
Marketing Coordinator
Kristin Smith Marketing
Skyler Wilson
Client Relations Manager
OPERATIONS
Sidney Bills
Office Administrator
Josh Caruana
Vice President Regional Manager Indianapolis | Cincinnati | Louisville St Louis | Kansas City
Brittany Campbell-Koch Director of Operations
John Sebree
Senior Vice President National Director National Multi Housing Group
Liz Popp
Midwest Operations Manager
Michael Glass
Senior Vice President Midwest Division Manager National Director, Manufactured Home Communities Group
S E C T I O N
01
THE INV
VESTMENT
ELIZABETHTOWN, KY
CLAY’S POINTE DUPLE
EXES
CL AY ’ S P O IN T E
*
LOCATION
CLAY’S POINTE DUPLEXES LOUISVILLE DRIVE TIME: 1 HOUR LEXINGTON DRIVE TIME: 1.25 HOURS NASHVILLE DRIVE TIME: 3 HOURS
CL AY ’ S P O IN T E
N DIXIE HWY CORRIDOR Located off N Dixie, Clay’s Pointe is situated in an ideal location just minutes away from Baptist Health, Elizabethtown’s largest employer. Further, the N Dixie Highway is surrounded by an amenity rich retail corridor. Staple retail trades: Walmart, Target, Lowes, Bed Bath & Beyond, Kroger, Home Depot, Sam’s Club, and Barnes & Noble.
CLAY’S POINTE
EXTERIOR AMENITIES • Driveway • Private Patio • Yard • Garage • Neighborhood Living • Direct Access to major retail outlets
CLAY’S POINTE
INTERIOR AMENITIES • Spacious Floor Plan
• Laundry Room
• Dishwasher
• Walk-In Closets
• Garbage Disposal
• Walk-In Pantry
• Ceiling Fans
• Vaulted Ceilings*
• Fireplace
*SELECT UNITS
PROPERTY SNAPSHOT
CLAY’S POINTE DUPLEXES
SUBMARKE T: KENTUCKY WEST | COUNTY: HARDIN COUNTY
SUMMARY
102 CLAYS POINTE CT. ELIZABE THTOWN, KY
2006 & 2008
YEAR BUILT/RENO
62 1,192
AVERAGE UNIT SIZE
73,904
RENTABLE SQUARE FEET
11.72
96.9%
NUMBER OF UNITS
LOT SIZE (ACRES)
63
PARCELS
31
# OF BUILDINGS OCCUPANCY
Building Mechanicals
Type
Utility Source
HVAC
Central
Gas Furnace
Water Heater
Individual
Electric
Plumbing
PVC
PEX
Wiring
Copper
Construction: Foundation:
Slab
Framing:
Wood
Roof Type/Age:
Pitched Shingle
Exterior of Building:
Brick
Utilities: Electric:
Tenant Paid
Gas:
Tenant Paid
Water
Tenant Paid
Sewer
Tenant Paid
Trash:
Provided by City
Amenities: Walk-In Closet Open Floor Plan Fireplace
1 & 2 Car Garage
Notes
CLAY’S POINTE
INVESTMENT HIGHLIGHTS
S
VALUE ADD | INTERIOR RENOVATIONS PROVEN RENT GROWTH | OPERATIONAL UPSIDE IDEAL LOCATION ADDITIONAL DEVELOPMENT OPPORTUNITY ATTRACTIVE AMERICAN TRADITIONAL STYLE UNITS SUPERIOR ECONOMIC FUNDAMENTALS LOUISVILLE’S BEDROOM COMMUNITY
CLAY’S POINTE
HIGHLIGHTS Marcus & Millichap is pleased to present Clay’s Pointe for purchase, a subdivision of 31 duplexes located in the rapidly expanding market of Elizabethtown, KY.
VALUE ADD | INTERIOR RENOVATIONS Clay’s Pointe is leased significantly below the market with in-place rents on average $545 below the competitive set. Substantial rental increases are available through interior upgrades including granite countertops, stainless appliance package, and upgraded flooring and bathrooms. Projected rents after renovation are still over $150 below top of the market rents in Elizabethtown’s growing market providing an achievable strategy to build value and boost NOI.
PROVEN RENT GROWTH | OPERATIONAL UPSIDE
IDEAL LOCATION
The Elizabethtown-Fort Knox Submarket has seen
Located off N Dixie, Clay’s Pointe is situated in an
unprecedented rent growth in recent months with a
ideal location just minutes away from Baptist Health,
trailing 12-month rent growth averaging 16.7% YOY.
Elizabethtown’s largest employer. Further, the N
The current property has not kept up with rental
Dixie Highway is surrounded by an amenity rich
increases with an average effective rent of $x per
retail corridor. Staple retail trades: Walmart, Target,
month. This provides significant rental upside by
Lowes, Bed Bath & Beyond, Kroger, Home Depot,
implementing a marketing and lease renewal
Sam’s Club, and Barnes & Noble.
strategy.
CLAY’S POINTE
HIGHLIGHTS
SUPERIOR ECONOMIC FUNDAMENTALS
ADDITIONAL DEVELOPMENT OPPORTUNITY
town market has also experienced a bustling expansion. BlueOval,
Included in this offering is an additional 2.9 acres of land. This provides an opportunity for an incoming investor to develop additional units on the property.
Clay’s Pointe is home to a diverse set of economic drivers which include Baptist Health a primary hospital, a strong manufacturing and industrial sector, and a myriad of retail trades. The ElizabethFord’s SK battery manufacturing plant, is slated to bring 5,000 new jobs to Glendale, KY. Furthermore, Elizabethtown has 80+ manufacturing plants with over 9,200 employees, the leading plants are: Akebono Breake (1,300 employees), Metalsa Structural Products (1,700 employees), and Aletec industries (700 employees) according to Costar.
HIGHLIGHTS ATTRACTIVE AMERICAN TRADITIONAL STYLE UNITS This well-maintained subdivision features attractive style units with beautiful brick and vinyl exteriors, ample square footage, private yard space and patios, providing a competitive advantage to the local market. LOUISVILLE’S BEDROOM COMMUNITY Elizabethtown is Louisville’s bedroom community with a 45 minute drive to KY’s largest city. The i65 corridor between Louisville and Elizabethtown is growing rapidly. Shepherdsville located South of Louisville and between Elizabethtown has experienced explosive growth with an array of new production and manufacturing facilities such as a $165MM Jim Bean visiting center, a $41MM Walmart ecommerce fulfillment center with additional acres available for industrial expansion.
CLAY’S POINTE
MARKET PROVEN RENTS With a renovation program, an incoming investor can draft the top of the market rents, bringing rents to $1,324 on average providing a solid value-add opportunity for an investor with an increase of $593 from the subject average effective rent.
Property Clay's Pointe Avg Eff
Rent $901
Clay's Pointe Pro Forma Vineland Carriage Lincoln Avenue (2-bed) Renaissance Gardens Brookefield
$1,320 $1,385 $1,399 $1,449 $1,549
2 & 3 BEDROOM MARKET RENT
MARKET AVERAGE RENT
$901
$1,320
ff
t oin
’s P
y Cla
gE v eA
Cla
$1,385
a
ro
P nte
oi
P y’s
$1,215
ela
C nd
a
ag rri
n ve A n
ol
c Lin
R
e ard
eG
c an
iss
a en
$1,549
ns
ue
e
rm Fo Vin
$1,399 $1,449
o
Bro
eld
fi ke
CLAY’S POINTE
PROPOSED RENOVATIONS The new owner can take advantage of the value add opportunity and remodel these apartments with stainless appliance, modern light fixtures, and a new vanity providing an estimated $593 monthly premium on rents, capturing a 71% ROI on unit upgrades.
ITEM
2 & 3 BEDROOM
Granite Countertop
$1,500
Stainless Appliance Package
$2,100
New Kitchen Cabinets
$2,000
Modern Light Fixtures
$900
Bathroom Vanity
$1,000
Flooring & Paint
$2,500
Total
$10,000
$10K/UNIT AVG RENO COST
$593/MONTH AVG RENT INCREASE
71% ROI
1 STAINLESS STEEL APPLIANCES 3 MODERN LIGHT FIXTURES 4 NEW KITCHEN CABINETS 2 GRANITE COUNTERTOPS 3
4
3
1
4 1
1
2
2
2 1
4
4
2
S E C T I O N
02
LOCAL C
COMPETITORS
5
1
CL AY ’ S P O IN T E 4
3 2
*
REN T C OMPAR ABLE S 1
CROSSFIELD TOWNHOMES
2
LINCOLN AVE DUPLEXES
3
RENAISSANCES GARDENS
4
BROOKEFILED APT HOMES
5
VINELAND CARRIAGE HOMES
SUBJECT *
CL AY ’ S P O IN T E Address Units Avg. SF Year Built
102 Clays Pointe Ct, Elizabethtown, KY 62 1,192 2006
(2x2) Market Price ($/mo)
$900
Market Rate ($/SF)
$0.85
Effective Price ($/mo)
$826
Effective Rate ($/SF)
$0.84
LOCAL COMPETITORS 1
2
3
CROSSFIELD TOWNHOMES Address
L I N C O L N AV E D U P L E X E S
2213 Crossfield Dr, Elizabeth, KY
Address
Year Built
2017
Year Built
Occupancy
n/a
Occupancy
Units
28
RENAISSANCE GARDENS
525 Lincoln Ave, Elizabethtown, KY 2011-2020 100%
Units
22
2x1.5 Rent
$1,400
Rent
$1,399
1200
SF
1300
Rent/SF
$1.17
Rent/SF
$1.08
dishwasher, granite countertops, microwave, w/d hookup
110 Idlewood Ct, Elizabethtown, KY
Year Built
2008
Occupancy
100%
Units
59 2x2
3x2
$1,399
$1,499
SF
1,500
1,800
Rent/SF
$0.93
$0.83
2x2
SF
Unit Features:
Address
Rent
Unit Features:
Unit Features:
dishwasher, granite, disposal, microwave, w/d hookup
dishwasher, granite, disposal, microwave
LOCAL COMPETITORS 4
5
BROOKEFIELD APT HOMES Address
VINELAND CARRIAGE HOMES
103 Stoneledge Ct, Elizabethtown, KY
Year Built
2020
Occupancy
Lease-Up
Units
91 2x2.5
3x2.5
$1,499
$1,700
SF
1,167
1,760
Rent/SF
$1.14
$0.92
Rent
S
Address
100 Sparkling Ct, Vine Grove, KY
C L AY ’ S P O I N T E Address
Year Built
2014
Year Built
Occupancy
99%
Occupancy
Units
160
2006,2008 97%
Units
2x2
3x2
$1,310
$1,460
SF
1,114
1,339
SF
Rent/SF
$1.18
$1.09
Rent/SF
Rent
102 Clay’s Pointe Ct Elizabethtown, KY
Rent
62 2x2
3x2.5
$900
$1,066
990
1,408
$0.84
$0,78
Unit Features:
Unit Features:
Unit Features:
dishwasher, granite, disposal, microwave, w/d hookup
dishwasher, granite, disposal, microwave, hardwood
Walk-in Closet, Open floor plan, 1 & 2 car garages, fireplace
RENT SORT Two Bedroom Apartment Rents Sorted by Net Rent
Units
SF
Market Rent
Utility Adjustment/Month
Net Rent
Net Rent/SF
Lincoln Avenue (Sandy Springs) Duplexes 2011 - 2020
22
1300
$1,399.00
$0
$1,399
$1.08
Renaissance Gardens
2008
59
1500
$1,399.00
$15
$1,384
$0.92
Applewood Homes Brookefield Apartment Homes Vineland Carriage Homes Apartments Crossfield Townhomes Clays Point Pro Forma College Station Apartments Park Place Apartments Claysville Landing Pin Oak Villas
2008 2020 2014 2017 2006-2008 2008 1998 2007 2008
62 91 160 28 62 20 82 208 44
966 1167 1114 1150 990 1100 1100 1200 1300
$1,299.00 $1,350.00 $1,310.00 $1,400.00 $1,250.00 $1,013.00 $995.00 $970.00 $925.00
$0 $15 $0 $90 $0 $15 $15 $0 $0
$1,299 $1,335 $1,310 $1,310 $1,250 $998 $980 $970 $925
$1.34 $1.14 $1.18 $1.14 $1.26 $0.91 $0.89 $0.81 $0.71
Clays Point Average Effective
2006-2008
62
990
$826.00
$0
$826
$0.83
2010
76
1172
1210
$30
$1,196
$1.03
Property
Averages
Year Built
Three Bedroom Apartment Rents Sorted by Net Rent
Year Built
Units
SF
Market Rent
Utility Adjustment/Month
Net Rent
Net Rent/SF
Brookefield Apartment Homes
2020
91
1750
$1,700
$15
$1,685
$0.96
Renaissance Gardens
2008
59
1800
$1,499
$15
$1,484
$0.82
2014 1995 2006-2008 1998 2007 2008 2006-2008
20 160 62 82 208 44 62
1500 1339 1408 1100 1350 1590 1408
$1,499 $1,460 $1,465 $1,195 $1,125 $1,025 $979
$15 $0 $0 $15 $0 $0 $0
$1,484 $1,460 $1,458 $1,180 $1,125 $1,025 $979
$0.99 $1.09 $1.04 $1.07 $0.83 $0.64 $0.70
2007
91
1,472
$1,327
$15
$1,320
$0.91
Property
College Station Duplexes Vineland Carriage Homes Apartments Clays Point Pro Forma Park Place Apartments Claysville Landing Pin Oak Villas Clays Point Average Effective Averages
S E C T I O N
03
THE FIN
NANCIALS
C L AY ’ S P O I N T E - F I N A N C I A L S
UNIX MIX SUMMARY AV E R A G E E F F E C T I V E UNIT TYPE
NO. OF U N I TS
T E N TA B L E S F
42 Units 20 Units 62 Units
990 SF 1,584 SF 1,182 SF
T OTA L S F
RENT/UNIT
MARKET
RENT/SF
T O TA L R E N T POTENTIAL
RENT/UNIT
$0.84 $0.67 $0.76 SF
$34,720 $21,189 $55,909
$900.00 $1,150.00 $980.65
P RO J E CT E D
RENT/SF
T O TA L R E N T POTENTIAL
RENT/UNIT
RENT/SF
TOTA L R E N T P OT E N T I A L
RENT I N C R E AS E
% RENT I N C R E AS E
$0.91 SF $0.73 SF $0.83 SF
$37,800 $23,000 $60,800
$1,250.00 $1,465.00 $1,319.35
$1.26 SF $0.92 SF $1.12 SF
$52,500 $29,300 $81,800
$423 $406 $418
51.21% 38.28% 46.31%
SUMMARY
Two Bedroom Three Bedroom Totals / Wtd. Averages
41,580 SF $826.67 31,680 SF $1,059.47 73,260 SF $901.77
UNIT DISTRIBUTION
52%
3 Bedroom
Avg. Effective
$1,455
Two Bedroom
2 Bedroom
$1,059
$1,250
$826
48%
UNIT RENTS
Three Bedroom
Pro Forma Projection
C L AY ’ S P O I N T E - F I N A N C I A L S
UNIX MIX BREAKDOWN AV E R A G E E F F E C T I V E NO. OF UNITS
T E N TA B L E S F
TOTA L S F
RENT/UNIT
TWO BEDROOM 2BR/2BA w 1 Car Garage
42 Units
990 SF
41,580 SF
Totals / Wtd. Averages
42 Units
990 SF
20 Units 20 Units
1,584 SF 1,584 SF
UNIT TYPE
MARKET
RENT/SF
T O TA L R E N T POTENTIAL
RENT/UNIT
$826.67
$0.84 SF
$34,720
41,580 SF
$826.67
$0.84 SF
31,680 SF 31,680 SF
$1,059.47 $1,059.47
$0.67 SF $0.67 SF
P RO J E CT E D
RENT/SF
T O TA L R E N T POTENTIAL
RENT/UNIT
RENT/SF
TOTA L R E N T P OT E N T I A L
RENT I N C R E AS E
% RENT I N C R E AS E
$900.00
$0.91 SF
$37,800
$1,250.00
$1.26 SF
$52,500
$423
51.21%
$34,720
$900.00
$0.91 SF
$37,800
$1,250.00
$1.26 SF
$52,500
$423
51.21%
$21,189 $21,189
$1,150.00 $1,150.00
$0.73 SF $0.73 SF
$23,000 $23,000
$1,465.00 $1,465.00
$0.92 SF $0.92 SF
$29,300 $29,300
$406 $406
38.28% 38.28%
THREE BEDROOM 3BR/2.5BA w 2 Car Garage Totals / Wtd. Averages
INCOME EXPENSE
C L AY ’ S P O I N T E - F I N A N C I A L S
INCOME & EXPENSES
CURRENT GROSS POTENTIAL RENT All Units at Market Rent Gain (Loss) to Lease GROSS SCHEDULED RENT Other Income Pet Rent Cable Fee Pet Deposit Application Fees Late Fees Total Other Income GROSS POTENTIAL INCOME Physical Vacancy Bad Debt EFFECTIVE GROSS INCOME NON-CONTROLLABLE Real Estate Taxes 2020 Taxes Paid Adjustment for Sale Total Real Estate Taxes Insurance Utilities Electric Vacant Gas Vacant Water & Sewage Trash Removal Total Utilities Total Non-Controllable CONTROLLABLE Contract Services Landscaping/Grounds Pest Control Total Contract Services Repairs & Maintenance Payroll Payroll Taxes & Benefits General & Administrative Management Fee Cable Replacement & Reserves Total Controllable TOTAL EXPENSES NET OPERATING INCOME
$729,600 RR ($57,960) $671,640 RR $0 $0 $600 $0 $0 $600 $672,240 ($3,000) T3 $0 $669,240 $76,203 Auditor $0 $76,203 $1,218 T12
YEAR 1
% of GPR Per Unit 11,768 7.94% (935) 10,833
0.00% 0.00% 0.09% 0.00% 0.00% 0.09% 0.45% 0.00% 91.61%
0 0 10 0 0 10 10,843 (48) 0 10,794
% of EGI Per Unit 11.39% 1,229 0.00% 0 11.39% 1,229 0.18% 20
$981,600 ($58,896) $922,704
% of GPR
6.00% 0.56% 0.00% 0.07% 0.09% 0.20% 0.93%
Per Unit 15,832 (950) 14,882
$5,208 $0 $620 $868 $1,860 $8,556 $931,260 ($46,135) ($9,227) $875,898
5.00% 1.00% 88.00%
84 0 10 14 30 138 15,020 (744) (149) 14,127
$76,203 $24,588 $100,791 $18,600
% of EGI 8.70% 2.81% 11.51% 2.07%
Per Unit 1,229 397 1,626 300
$912 $543 $1,216 $0 $2,671 $80,092
T12 T12 T12 T12
0.14% 0.08% 0.18% 0.00% 0.40% 11.97%
15 9 20 0 43 1,292
$930 $554 $1,240 $0 $2,724 $122,115
0.11% 0.06% 0.14% 0.00% 0.31% 13.94%
15 9 20 0 44 1,970
$30,711 $6,726 $37,437 $96,756 $18,434 $0 $14,015 $19,467 $30,948 $15,810 $232,867 $312,959 $356,281
T12 T12
4.59% 1.01% 5.59% 14.46% 2.75% 0.00% 2.09% 2.91% 4.62% 2.36% 34.80% 46.76% 53.24%
495 108 604 1,561 297 0 226 314 499 255 3,756 5,048 5,746
$24,800 $4,340 $29,140 $31,000 $49,600 $9,300 $12,400 $43,795 $31,000 $16,126 $222,361 $344,476 $531,421
2.77% 0.48% 3.25% 3.54% 5.66% 1.06% 1.42% 5.00% 3.54% 1.84% 25.39% 39.33% 60.67%
400 70 470 500 800 150 200 706 500 260 3,586 5,556 8,571
T12 T12 T12 T12 T12
Note 1
YEAR 2
$1,011,048 ($20,221) $990,827
% of GPR
2.00% 0.54% 3.75% 0.06% 0.09% 0.19% 4.64%
YEAR 3 Per Unit 16,307 (326) 15,981
$1,041,379 ($20,828) $1,020,552
% of GPR
$5,525 $38,316 $658 $921 $1,973 $47,393 $1,067,945 ($51,028) ($10,206) $1,006,712
5.00% 1.00% 92.00%
89 618 11 15 32 764 17,225 (823) (165) 16,237 Per Unit 1,229 397 1,626 312
2.00%
$5,364 $37,200 $639 $894 $1,916 $46,013 $1,036,840 ($49,541) ($9,908) $977,390
5.00% 1.00% 92.00%
87 600 10 14 31 742 16,723 (799) (160) 15,764
$76,203 $24,588 $100,791 $18,972
% of EGI 7.80% 2.52% 10.31% 1.90%
Per Unit 1,229 397 1,626 306
$76,203 $24,588 $100,791 $19,351
% of EGI 7.80% 2.52% 10.31% 1.94%
$949 $565 $1,265 $0 $2,779 $122,542
0.10% 0.06% 0.13% 0.00% 0.28% 12.54%
15 9 20 0 45 1,976
$968 $576 $1,290 $0 $2,834 $122,977
0.10% 0.06% 0.13% 0.00% 0.29% 12.58%
16 9 21 0 46 1,983
$25,296 $4,427 $29,723 $31,620 $50,592 $9,486 $12,648 $48,870 $31,620 $16,449 $231,007 $353,549 $623,841
2.53% 0.44% 2.97% 3.24% 5.18% 0.97% 1.29% 5.00% 3.24% 1.68%
408 71 479 510 816 153 204 788 510 265 3,726 5,702 10,062
$25,802 $4,515 $30,317 $32,252 $51,604 $9,676 $12,901 $50,336 $32,252 $16,778 $236,116 $359,093 $647,619
2.58% 0.45% 3.03% 3.30% 5.28% 0.99% 1.32% 5.00% 3.30% 1.72% 24.01% 36.74% 66.26%
416 73 489 520 832 156 208 788 520 271 3,785 5,792 10,445
23.64% 36.17% 63.83%
0.54% 3.75% 0.06% 0.09% 0.19% 4.64%
Per Unit 16,796 (336) 16,461
UNDERWRITING NOTES
#
NOTE
1
Replacement & Reserves: added based on market norm of $255 per unit per year
S E C T I O N
04
LOCAL M
MARKET
CLAY’S POINTE
ELIZABETHTOWN, KY Elizabethtown, Kentucky Elizabethtown is a city in Hardin County. The city is centrally located within 44 miles of Louisville to the North and 131 miles of Nashville to the South. The beautiful countryside and rich natural resources convinced many people throughout the years that Elizabethtown was the place to raise their families, earn their living, and love their home. From viewing horseless carriages and sporty automobiles at the Swope’s Cars of Yesteryear Museum to picnicking at Freeman Lake Park, there are plenty of fun things to do in Elizabethtown. The city offers area parks, museums, festivals, events, shop-
ping, and more. Part of what gives Elizabethtown its irresistible charm is a wide array of festivals and events held throughout the year. The Hardin County Museum, part of the official Lincoln Train through Kentucky, presents Hardin County’s history beginning with the Native Americans.
EMPLOYERS IN THE NEWS Major Employers Akebono Brake Elizabethtown Plant HMH Baptist Healthcare System Inc Akebono Elizabethtown STC Cnsolidated Operations LLC Burger King Walmart Gates Corporation Kentucky Highway Dept Dst 4 Akebono Brake Corporation Kensington Manor Care Western Kentucky University
# Employees 1,600 1,470 1,005 750 700 540 450 445 325 309 298 272
•
Baptist Health care to build new facility near Baptist Health Hardin (Louisville Business First, August 2021).
•
Ford announces a $5.8bn investment in Kentucky, creating 5,000 new jobs (Louisville Business First, August 2021).
•
Glendale megasite focus of $410 million legislation (The News-Enterprise, September, 2021).
•
Canada-based Kruger packaging to create 150 jobs in Elizabethtown (ABC 36 News, May 2021).
•
Nucor breaks groun on 1.7bn steel mill in Brandenburg, adding 400 new jobs (Lane Report, October 2021).
visit adgmultifamily.com to learn more.