301-303 N Green River Rd - Freestanding FOR SALE


Evansville, IN 47715- East Evansville
$1,850,000 USD
812-471-2500
301-303 N Green River Rd, Evansville, IN for Sale
$1,850,000 USD
Freestanding - FOR SALE
1/5
null | 7.72% Cap Rate

301-303 N Green River Rd
Evansville, IN 47715
East Evansville


HIGHLIGHTS

  • 100% Leased - Two (2) Tenant Retail Center
  • Exceptional Access: Immediate proximity to Lloyd Expressway for regional connectivity
  • Strong Local Demand Drivers: Near medical centers, retail nodes and regional mall
  • Tenants Include: T-Mobile and Parlor Doughnuts

OVERVIEW

SVN | The Martin Group is pleased to offer the exclusive opportunity to acquire Ella Plaza located at 303 N Green River Rd, a two-tenant neighborhood retail center located on a hard corner along Green River Rd (32,443 ADT) in the heart of Evansville, IN. The property is 100% leased to established national tenants with a long operating history at the center, providing a stable income stream and minimal landlord responsibilities under NNN leases. T-Mobile occupies 2,791 SF and Parlor Doughnuts occupies 3,521 SF. Located in the East Side submarket of the Evansville MSA along N Green River Rd, the center benefits from signalized access to the Lloyd Expressway and strong drive-by visibility. The trade area supports robust daytime demand with nearby employers, retail and services including Deaconess medical campuses, Eastland mall retail nodes, banks, grocery and national quick-service restaurants.

FOR SALE DETAILS

PRICE

$1,850,000 USD

PRICE/SF

$293 USD /SF

CAP RATE

7.72%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Freestanding

ADD'L SUBTYPES

Restaurant, Storefront

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1974

SPRINKLERS

-

PARKING SPACES

30

LAND DETAILS

LAND ACRES

0.91 AC

LAND SF

39,640 SF

ZONING

C-4

APN/PARCEL ID

82-06-24-014-143.001-027

ASK ABOUT THIS PROPERTY

Chris StuardSVN | The Martin GroupMore Info
812-471-2500

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.

Chris StuardSVN | The Martin GroupMore Info
812-471-2500

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.