4650 University Dr - Fast Food FOR SALE


Evansville, IN 47712- Evansville West Side
$2,224,623 USD
812-320-8483
4650 University Dr, Evansville, IN for Sale
$2,224,623 USD
Fast Food - FOR SALE
1/3
null | 6.1% Cap Rate

4650 University Dr
Evansville, IN 47712
Evansville West Side


HIGHLIGHTS

  • 7.5 Years Remaining on Freestanding QSR with Drive Thru | Arby’s Restaurant Group (Inspire Brands) Corporately Guaranteed Absolute NNN Lease
  • Located in West Evansville’s Main Retail Corridor Along Lloyd Expressway, the City’s Main Thoroughfare | Exposure to a Combined 28,664 VPD
  • Only 2.5 Miles from University of Southern Indiana Main Campus, a 1,400 Acre Campus with 9,286 Student Enrollment

OVERVIEW

7.5 Years Remaining on Freestanding QSR with Drive Thru | Arby’s Restaurant Group (Inspire Brands) Corporately Guaranteed Absolute NNN Lease with Three, Five-Year Renewal Options | Eight Percent Rental Increases Every 5 Years and in Options   Strategically Located in West Evansville’s Main Retail Corridor Along Lloyd Expressway, the City’s Main Thoroughfare with Exposure to a Combined 28,664 Vehicles Per Day   Surrounded by National Retailers: McDonald’s, Chick-fil-A, Walmart, Home Depot, Lowe’s, Shnuck’s Grocery, Aldi, Kohl’s, Starbucks, Chipotle, Culver’s, Verizon, T-Mobile, Olive Garden, Panera Bread, CVS Pharmacy. Taco Bell, O’Reilly Auto Parts, AutoZone, Valvoline and Many Others Only 2.5 Miles from University of Southern Indiana Main Campus, a 1,400 Acre Campus with 9,286 Student Enrollment Nearby Walmart Supercenter has 2.5 Million Visitors per Year | #1 Walmart in 30 Miles | Ranks in the Top 12% in State and Top 18% Nationally The Surrounding Centers, University Village and Evansville West Center Generate More than 2.6 Million Visitors per Year Located Across from Progressive Health Headquarters and Medical Offices with 500+ Employees and Peyton Manning Children’s Hospital Three Miles from Downtown Evansville, Indiana’s Third-Largest City | Evansville Metro is Growing and Maintains a Population of 317,000 Residents | Evansville is the Primary City in Southwestern Indiana Serving a Trade Area of 520,000 People

FOR SALE DETAILS

PRICE

$2,224,623 USD

PRICE/SF

$682 USD /SF

CAP RATE

6.1%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Arby's | Evansville, IN

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Fast Food

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1990

SPRINKLERS

-

PARKING SPACES

55

LAND DETAILS

LAND ACRES

0.54 AC

LAND SF

23,522 SF

ZONING

Commercial

APN/PARCEL ID

82-05-27-018-213.001-025

ASK ABOUT THIS PROPERTY

Damien YoderMarcus & MillichapMore Info
812-320-8483

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Damien YoderMarcus & MillichapMore Info
812-320-8483

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