$4,842,927 USD
858-373-3184
2801 N Green River Rd
Evansville, IN 47715
East Evansville
HIGHLIGHTS
- Rare 20 Year Absolute Net Lease (Zero Landlord Obligations) featuring 2% Annual Rental Increases throughout the Initial Term and Options.
- Located along Evansville’s Busiest Retail Corridor - Positioned on North Green River Road, one of the City’s Highest Traffic Retail Corridors.
- Sun Auto is Majority Owned by Private Equity Firm Leonard Green & Partners - which handles more than $75 Billion of Assets.
- Significant Tax Benefits - Subject Property Qualifies for Tax Savings via Accelerated Depreciation and Cost Segregation.
- Sun Auto Tire & Service is the Fastest Growing, Top-10 Independent Tire Dealer in the Nation, with over 465 Stores Operating under Multiple Brands.
- Located in a Strong Daytime Employment Hub - The Surrounding Corridor Supports more than 30k Daytime Employees in Medical, Retail, etc.
OVERVIEW
Sun Auto Tire (Plaza Tire Service) | Rare 20 Year Absolute NNN Lease | Strong 2% Annual Increases | Brand New Construction | Densely Populated Area | w/in Strong Daytime Employment Hub | Directly Across from Meijer and Menards | Qualifies for Accelerated Depreciation
Indiana Broker of Record: Josh Caruana | 600 East 96th St., Ste. 500 Indianapolis, IN 46240 | P: (317) 218-5300 | Lic #: RB14034355 | Josh.Caruana@MarcusMillichap.com
FOR SALE DETAILS
PRICE
$4,842,927 USD
PRICE/SF
$739 USD /SF
CAP RATE
6.15%
% LEASED
-
TENANCY
-
SALE TYPE
Investment
BUILDING DETAILS
PROPERTY NAME
SUN AUTO TIRE | 20 YR ABS. NNN | 2% INCREASES
PROPERTY TYPE
Retail
PROPERTY SUBTYPE
Freestanding
ADD'L SUBTYPES
Auto Repair, Storefront, Storefront Retail/Office
TOTAL BUILDING SIZE
-
STORIES
1
YEAR BUILT
2025
SPRINKLERS
-
PARKING SPACES
-
LAND DETAILS
LAND ACRES
0.96 AC
LAND SF
41,818 SF
ZONING
-
APN/PARCEL ID
82-06-13-015-181.001-027
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858-373-3184
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858-373-3184
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