The Woodland Mall in Bowling Green has been listed for sale by the online auction company Ten-X with the auction set for Sept. 23 – 25. The starting bid is set at $875,000 According to the listing, the property at 1234 N. Main St., is described as:
- 270,000 square feet.
- Built in 1987.
- Occupancy 65%.
- 42 acres.
- 1,670 parking spaces.
The description says the mall site “presents investors an incredible opportunity to acquire the 270,000 square-foot Woodland Mall located in Bowling Green.”
The retail mall is anchored by Dunham’s Sports, while tenants ranging from a dance studio, eateries, mini golf, and stores fill the remaining occupancy. The mall is situated on 42 acres of land and was constructed in 1987 and renovated in 2008 and 2010. This parcel falls within a federal Opportunity Zone, further enhancing value-add upside with the potential for federal capital gains tax incentives and development perks.
According to the description, the Woodland Mall benefits from its central location within Bowling Green. The property provides ownership with a diverse array of surrounding demand drivers, heavy traffic counts, and favorable retail demographics.
The property is surrounded by shadow-anchoring national box store chains, including Kroger, Dollar Tree, and Arby’s. The mall also benefits from Walmart Supercenter’s prominent presence 12 minutes away, and Bowling Green State University a five-minute drive away.
“The Division 1 school enrolls close to 17,000 students, creating a constant need for retailers to accommodate the student population’s needs,” the description stated.
Woodland Mall is situated along Main Street, the primary commercial corridor for Bowling Green. Main Street sees over 16,000 vehicles daily, creating a robust signage opportunity for Woodland Mall’s tenant roster.
Within 10 miles of the property, there is a sizable population of 73,000 people. This population earns $92,000 per household annually, according to the property description.
