5225 Pearl Dr - Freestanding FOR SALE


Evansville, IN 47712- Evansville West Side
$2,600,000 USD
812-471-2500
5225 Pearl Dr, Evansville, IN for Sale
$2,600,000 USD
Freestanding - FOR SALE
1/4
null | 7.51% Cap Rate

5225 Pearl Dr
Evansville, IN 47712
Evansville West Side


HIGHLIGHTS

  • NNN Investment
  • Low Vacancy Submarket
  • High Traffic Counts
  • Highly Visible Location

OVERVIEW

SVN | The Martin Group is pleased to present 5225 Pearl Dr, a 15,250 SF multi-tenant retail center situated on 1.26 acres located in Evansville, IN. Constructed in 2000, this property boasts a 100% occupancy rate with established tenants under NNN leases, ensuring minimal landlord responsibilities. Notable tenants include Azzip Pizza, OneMain Financial, State Farm, and others, many of whom have maintained long-term occupancy, reflecting the center's stability and appeal.? Strategically located in Evansville's thriving west side retail corridor, the center enjoys excellent visibility and access, surrounded by major national retailers such as Walmart Supercenter, The Home Depot, Lowe’s, Aldi, and Kohl’s. Additionally, the property is just minutes from the University of Southern Indiana, a campus of over 9,000 students, faculty, and staff, providing a strong customer base and steady demand for retail and service offerings. This investment offers a projected capitalization rate of approximately 7.5%, based on an annual income of $195,363. This opportunity is ideal for investors seeking a stable, income-generating asset in a thriving retail market.

FOR SALE DETAILS

PRICE

$2,600,000 USD

PRICE/SF

$186 USD /SF

CAP RATE

7.51%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Freestanding

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2001

SPRINKLERS

-

PARKING SPACES

77

LAND DETAILS

LAND ACRES

1.16 AC

LAND SF

50,530 SF

ZONING

C-4

APN/PARCEL ID

82-05-28-007-452.003-024

ASK ABOUT THIS PROPERTY

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

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

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