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Arby's | Evansville, IN 4650 University Dr 3,263 SF Retail Building Evansville, IN 47712 $2,171,232 ($665.41/SF) 6.25% Cap Rate
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
7.2 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 | 8% 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, Schnuck’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, Schnuck’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
$2,171,232
Price Per SF
$665.41
Cap Rate
6.25%
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
Major Tenants Click Here to Access
- Tenant
- Industry
- SF Occupied
- Rent/SF
- Lease Type
- Lease End
-
- Accommodation and Food Services
-
99,999 SF
-
$9.99
-
Lorem Ipsum
-
Jan 0000
The Arby's brand purpose is Inspiring Smiles Through Delightful Experiences™. Arby's delivers on its purpose by celebrating the art of Meatcraft® with a variety of high-quality proteins and innovative, crave-able sides, such as Curly Fries and Jamocha shakes. Arby's Fast Crafted® restaurant services feature a unique blend of quick-serve speed combined with the quality and made-for-you care of fast casual. Arby's Restaurant Group, Inc. is the franchisor of the Arby's Brand and is part of the Inspire Brands family of restaurants headquartered in Atlanta, Ga. Arby’s, founded in 1964, is a leading sandwich drive-thru restaurant brand with restaurants globally.
| Tenant | Industry | SF Occupied | Rent/SF | Lease Type | Lease End | |
|
|
Accommodation and Food Services | 99,999 SF | $9.99 | Lorem Ipsum | Jan 0000 |
Fairly walkable
50/100
Very drivable
80/100
Somewhat bikeable
30/100
Nearby Major Retailers
Property Taxes
| Parcel Number | 82-05-27-018-213.001-025 | Improvements Assessment | $267,000 |
| Land Assessment | $141,100 | Total Assessment | $408,100 |
Property Taxes
Parcel Number
82-05-27-018-213.001-025
Land Assessment
$141,100
Improvements Assessment
$267,000
Total Assessment
$408,100
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