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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
Arby's began in Boardman, Ohio, in 1964, founded by Forrest and Leroy Raffel as a fast-food sandwich concept built around roast beef. The company operates as a sandwich restaurant chain within Inspire Brands, with a menu centered on slow-roasted roast beef, turkey, and premium Angus beef sandwiches, along with salads, sides, and beverages. The company has expanded beyond its original roast beef focus while maintaining a franchised restaurant model and a presence across the United States and select international markets.
| 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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