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727 Cross Point Blvd
Evansville, IN 47715
First Financial Bank Center · Retail Property For Sale


Investment Highlights
- Anchored by First Financial Bank – Tenant Operates 153 Locations in Four States with $1.33 Billon TTM Revenue, $22.8 Billion in Total Assets
- Frontage to Cross Pointe Blvd with 17,871 VPD and Growing Due to a Plethora of Adjacent Development
- Adjacent to The Promenade of Evansville Development on 215 Acres – the Only Planned Mixed-Use, Full-Scale Lifestyle Development in Southwest Indiana
Executive Summary
100% Occupied Six-Tenant Center Anchored by First Financial Bank – Tenant Operates 153 Locations in Four States with $1.33 Billon TTM Revenue, $22.8 Billion in Total Assets, and Has Been in Business 160+ Years | NASDAQ: FFBC
Adjacent to Costco & The Promenade of Evansville Development on 215 Acres – the Only Planned Mixed-Use, Full-Scale Lifestyle Development in Southwest Indiana, Including a 220-Unit Luxury Apartment Complex
Value-Add Opportunity – Four Tenants are on Month-to-Month Leases | Under Market Rents – $17.34 per Square Foot on Average | All Tenants Have NNN Leases With 2% Annual Rent Increases
Surrounded by Major Employers, Medical Offices, Retail Centers, Hotels, Restaurants and National Businesses Such As Shoe Carnival’s Corporate Headquarters (535 Employees), Furniture Row, Drury Inn & Suites, Spark by Hilton, Golden Corral, Chick-fil-A, Bubba’s 33, McDonalds, Walmart, The Home Depot, Sam’s Club, New Raising Cane’s and More
Located a Quarter Mile North of Highly Traveled Lloyd Expy (53,430 VPD), Evansville’s Main East-West Corridor | Less than One Mile from I-69 (55,822 VPD) | Convenient Access to E Morgan Ave and Green River Road
Frontage to Cross Pointe Blvd with 17,871 VPD and Growing Due to a Plethora of Adjacent Development
Evansville is the Largest Metro in Southern Indiana with 317,000 Residents and is the Economic Center of the Indiana-Kentucky-Illinois Tri-State Region, Serving a Trade Area of Over 520,000 Residents
Pride of Ownership – The Building Offers Class A Stone Masonry Work, a Standing Seam Metal Roof, and a Concrete Parking Lot
Excellent Demographics: Five-Mile Daytime Population is 144,452 and Three-Mile Average Household Income is $90,651
Adjacent to Costco & The Promenade of Evansville Development on 215 Acres – the Only Planned Mixed-Use, Full-Scale Lifestyle Development in Southwest Indiana, Including a 220-Unit Luxury Apartment Complex
Value-Add Opportunity – Four Tenants are on Month-to-Month Leases | Under Market Rents – $17.34 per Square Foot on Average | All Tenants Have NNN Leases With 2% Annual Rent Increases
Surrounded by Major Employers, Medical Offices, Retail Centers, Hotels, Restaurants and National Businesses Such As Shoe Carnival’s Corporate Headquarters (535 Employees), Furniture Row, Drury Inn & Suites, Spark by Hilton, Golden Corral, Chick-fil-A, Bubba’s 33, McDonalds, Walmart, The Home Depot, Sam’s Club, New Raising Cane’s and More
Located a Quarter Mile North of Highly Traveled Lloyd Expy (53,430 VPD), Evansville’s Main East-West Corridor | Less than One Mile from I-69 (55,822 VPD) | Convenient Access to E Morgan Ave and Green River Road
Frontage to Cross Pointe Blvd with 17,871 VPD and Growing Due to a Plethora of Adjacent Development
Evansville is the Largest Metro in Southern Indiana with 317,000 Residents and is the Economic Center of the Indiana-Kentucky-Illinois Tri-State Region, Serving a Trade Area of Over 520,000 Residents
Pride of Ownership – The Building Offers Class A Stone Masonry Work, a Standing Seam Metal Roof, and a Concrete Parking Lot
Excellent Demographics: Five-Mile Daytime Population is 144,452 and Three-Mile Average Household Income is $90,651
Property Facts
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Bank
Building Size
10,992 SF
Building Class
B
Year Built
2011
Price
$2,652,000
Price Per SF
$241.27
Cap Rate
7.19%
NOI
$190,679
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.19
Lot Size
1.36 AC
Zoning
C
Parking
45 Spaces (4.09 Spaces per 1,000 SF Leased)
Property Taxes
| Parcel Number | 82-07-19-011-225.008-027 | Improvements Assessment | $827,300 |
| Land Assessment | $268,300 | Total Assessment | $1,095,600 |
Property Taxes
Parcel Number
82-07-19-011-225.008-027
Land Assessment
$268,300
Improvements Assessment
$827,300
Total Assessment
$1,095,600
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