Overview
Walnut Valley is an 84-unit build-to-rent community completed in 2019–2020 in Bowling Green, Kentucky. The property delivers a true single-family rental experience, with every home featuring an attached garage and private backyard. Large two- and three-bedroom floorplans averaging 1,160 SF combine suburban comfort with multifamily efficiency, appealing to long-term renters seeking space and privacy.
Situated just minutes from Bowling Green’s primary retail corridors and major employment centers, Walnut Valley benefits from the area’s strong economic momentum. The Bowling Green MSA has grown 8.4% since 2020, and Warren County ranks as Kentucky’s fastest-growing county. Nearby employment drivers include Western Kentucky University, GM Corvette Assembly, Med Center Health, and the South Central Kentucky Industrial Park—together supporting more than 20,000 jobs.
Ownership has established a solid operational foundation, with occupancy near 99%. Additional upside remains through washer/dryer installations and potential renegotiation of the existing cable/internet revenue agreement. With modern construction, strong in-place performance, and proximity to major employers and amenities, Walnut Valley represents a stable, high-quality investment opportunity in one of Kentucky’s top-performing growth markets.
Investment Highlights
Build-to-Rent Design with Premium Features
Walnut Valley offers a true build-to-rent experience, with attached garages and private backyards for every unit. This setup provides the privacy and convenience of a single-family neighborhood with the feel of residential living.
Spacious Floor Plans
The community features expansive 2- and 3-bedroom layouts, averaging 1,100 SF and 1,350 SF, respectively. These oversized units cater to renter demand for larger, more comfortable living spaces
Appliance Installation Upside
All units are equipped with in-unit washer/dryer connections, offering new ownership the ability to install appliances and charge a monthly appliance fee—a simple value-add opportunity that boosts NOI and resident convenience.
Cable/Internet Revenue Potential
Current ownership has an existing cable/internet revenue share agreement in place. An investor can capitalize on the possibility of renegotiating to a bulk cable/internet package to capture additional revenue.
Proximity to Major Retail Centers
Walnut Valley is just 20 minutes from Bowling Green’s top retail hubs:
- Greenwood Mall (852,000 SF) – Walmart, Target, Belk, Dillard’s, JCPenney, Old Navy, Lowe’s, Men’s Wearhouse
- Shoppes of Gary Farms (500,000 SF) – Home Depot, Meijer, Dick’s, PetSmart, Kohl’s, Staples
Strong Population Growth Market
The Bowling Green MSA grew 8.38% from 2020 to 2024, reaching a population of 195,159. Warren County—home to Walnut Valley—expanded 9.94% during the same period, making it Kentucky’s fastest-growing county.
Adjacent to Key Job Hub
The property sits next to the South Central Kentucky Industrial Park, which spans 186 acres, supports 4,500+ jobs, and is projected to contribute over $10 billion in economic activity over the next decade.
UNIT BREAKDOWN
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