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301-303 N Green River Rd 6,312 SF 100% Leased Retail Building Evansville, IN 47715 $1,850,000 ($293.09/SF) 7.72% Cap Rate
INVESTMENT HIGHLIGHTS
- 100% Leased - Two (2) Tenant Retail Center
- Strong Local Demand Drivers: Near medical centers, retail nodes and regional mall
- Exceptional Access: Immediate proximity to Lloyd Expressway for regional connectivity
- Tenants Include: T-Mobile and Parlor Doughnuts
EXECUTIVE SUMMARY
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.
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.
PROPERTY FACTS
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Building Size
6,312 SF
Building Class
C
Year Built
1974
Price
$1,850,000
Price Per SF
$293.09
Cap Rate
7.72%
NOI
$142,885
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.16
Lot Size
0.91 AC
Zoning
C-4
Parking
30 Spaces (4.19 Spaces per 1,000 SF Leased)
Frontage
AMENITIES
- Signalized Intersection
- Drive Thru
MAJOR TENANTS
- TENANT
- INDUSTRY
- SF OCCUPIED
- RENT/SF
- LEASE TYPE
- LEASE END
- Parlor Doughnuts
- Accommodation and Food Services
- 3,521 SF
- -
- Triple Net
- -
- T-Mobile
- Services
- 2,791 SF
- -
- Triple Net
- -
| TENANT | INDUSTRY | SF OCCUPIED | RENT/SF | LEASE TYPE | LEASE END | |
| Parlor Doughnuts | Accommodation and Food Services | 3,521 SF | - | Triple Net | - | |
| T-Mobile | Services | 2,791 SF | - | Triple Net | - |
NEARBY MAJOR RETAILERS
Fifth Third Bank
PROPERTY TAXES
| Parcel Number | 82-06-24-014-143.001-027 | Improvements Assessment | $258,300 |
| Land Assessment | $398,300 | Total Assessment | $656,600 |
PROPERTY TAXES
Parcel Number
82-06-24-014-143.001-027
Land Assessment
$398,300
Improvements Assessment
$258,300
Total Assessment
$656,600
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301-303 N Green River Rd
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