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624 S Green River Road - Barnes & Noble Booksellers, Evansville, IN

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624 S Green River Road - Barnes & Noble Booksellers

Lincoln Ave & Green River Rd
Evansville, IN 47715-4102 - Eastside Submarket


Property Type:Retail Sub Type:Freestanding Status:Existing Year Built:1995
Building Size:36,244 SF Land Area:3.26 AC (142,006 SF)
For Sale Price:$4,429,822 Price/SF:$122.22
Cap Rate:9.00 %
Parking:150 Surface spaces are available; Ratio of 4.14/1,000 SF


April 2002, Building sold.

Sale Notes:
NNN Barnes & Noble located at the signalized southeast corner of Lincoln Avenue and Green River Road in Evansville, Indiana. Evansville, positioned along the banks of the Ohio River, is the southwest Indiana regional hub and 4th largest Indiana MSA with a population of 319,724. The 36,244 square-foot building is positioned on a 3.02-acre site with an ample parking field.

NNN LEASE with minimal Landlord responsibilities
RENT INCREASES 9% on February 1, 2018
TENANT HAS EXECUTED multiple renewals and recently executed an early five-year renewal with 5.5 years remaining
BARNES & NOBLE has occupied location since 1995 and it is their only store location within 110 miles
ONE MILE SOUTH of Eastland Mall, a 1.04M regional mall with 110 stores, drawing 10 million visitors annually
WELL ESTABLISHED primary retail corridor. Restaurants and retailers at Subject intersection include CVS, McDonald’s, Wendy’s, Hooters, and 5th 3rd Bank
SIGNALIZED HARD CORNER on major east/west and north/south arterials. Green River Road has average daily traffic counts of +/- 30,000 vehicles
EXCELLENT ACCESSIBILITY via four points of Ingress/ Egress
DENSE SURROUNDING POPULATION of 119, 542 within five miles
LESS THAN ONE MILE from St. Mary’s Medical Center, Evansville’s 3rd largest employer with 3,500+ employees
WALKING DISTANCE to Harrison High School; 1,450+ Students and 110+ faculty

CBRE
Kevin Broderick
(317) 269-1089

Matthew Gray
(317) 269-1031

  
CBRE-UCR
Jared Aubrey
(214) 252-1031

Michael Austry
(214) 252-1115




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