8055 W In-66 - Fast Food FOR SALE


Newburgh, IN 47630
$1,947,500 USD
812-320-8483
8055 W In-66, Newburgh, IN for Sale
$1,947,500 USD
Fast Food - FOR SALE
1/3
null | 6% Cap Rate

8055 W In-66
Newburgh, IN 47630


HIGHLIGHTS

  • Nearby Walmart Supercenter has 2.6 Million Visitors per Year.
  • Surrounded by National Retailers
  • Newburgh is Evansville’s Most Affluent Suburb

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 on Evansville’s East Side Along SR 66/Lloyd Expressway, the Main Retail Thoroughfare in Evansville with Exposure to 28,722 Vehicles per Day. Newburgh is Evansville’s Most Affluent Suburb with Average Household Incomes Above $125,000 in a 3-Mile Radius | Newburgh is Located in Warrick County and is the Fastest Growing County in the Tri-State Area (30 Counties in IN, IL & KY with 900K+ Residents) Nearby Walmart Supercenter has 2.6 Million Visitors per Year | Ranks in the Top 22% in State and Top 27% Nationall

FOR SALE DETAILS

PRICE

$1,947,500 USD

PRICE/SF

$518 USD /SF

CAP RATE

6%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Arby's | Newburgh, IN (Evansville MSA)

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Fast Food

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1990

SPRINKLERS

-

PARKING SPACES

35

LAND DETAILS

LAND ACRES

0.77 AC

LAND SF

33,345 SF

ZONING

-

APN/PARCEL ID

87-12-27-201-002.000-019

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.