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4650 University Dr
Evansville, IN 47712
Arby's | Evansville, IN · Retail Property For Sale
INVESTMENT HIGHLIGHTS
- 7.5 Years Remaining on Freestanding QSR with Drive Thru | Arby’s Restaurant Group (Inspire Brands) Corporately Guaranteed Absolute NNN Lease
- Only 2.5 Miles from University of Southern Indiana Main Campus, a 1,400 Acre Campus with 9,286 Student Enrollment
- Located in West Evansville’s Main Retail Corridor Along Lloyd Expressway, the City’s Main Thoroughfare | Exposure to a Combined 28,664 VPD
EXECUTIVE SUMMARY
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
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
PROPERTY FACTS
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Fast Food
Building Size
3,263 SF
Building Class
C
Year Built
1990
Price
$2,224,623
Price Per SF
$681.77
Cap Rate
6.10%
NOI
$135,702
Tenancy
Single
Building Height
1 Story
Building FAR
0.14
Lot Size
0.54 AC
Zoning
Commercial
Parking
55 Spaces (16.86 Spaces per 1,000 SF Leased)
Frontage
148’ on University Dr
PROPERTY TAXES
| Parcel Number | 82-05-27-018-213.001-025 | Improvements Assessment | $151,200 |
| Land Assessment | $88,200 | Total Assessment | $239,400 |
PROPERTY TAXES
Parcel Number
82-05-27-018-213.001-025
Land Assessment
$88,200
Improvements Assessment
$151,200
Total Assessment
$239,400
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