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Arby's | Newburgh, IN (Evansville MSA) 8055 W In-66 3,762 SF Retail Building Newburgh, IN 47630 $1,854,762 ($493.03/SF) 6.30% Cap Rate
Investment Highlights
- Nearby Walmart Supercenter has 2.6 Million Visitors per Year.
- Newburgh is Evansville’s Most Affluent Suburb
- Surrounded by National Retailers
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 on Evansville’s East Side Along SR 66/Lloyd Expressway, the
Main Retail Thoroughfare in Evansville with Exposure to 28,722 Vehicles per Day.
Newburgh is Evansville’s Most Affluent Suburb with Average Household Incomes Above $125,000 in a 3-Mile Radius | Newburgh is Located in Warrick County and is the Fastest Growing County in the Tri-State Area (30 Counties in IN, IL & KY with 900K+ Residents)
Nearby Walmart Supercenter has 2.6 Million Visitors per Year | Ranks in the Top 22% in State and Top 27% Nationall
Main Retail Thoroughfare in Evansville with Exposure to 28,722 Vehicles per Day.
Newburgh is Evansville’s Most Affluent Suburb with Average Household Incomes Above $125,000 in a 3-Mile Radius | Newburgh is Located in Warrick County and is the Fastest Growing County in the Tri-State Area (30 Counties in IN, IL & KY with 900K+ Residents)
Nearby Walmart Supercenter has 2.6 Million Visitors per Year | Ranks in the Top 22% in State and Top 27% Nationall
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Fast Food
Building Size
3,762 SF
Building Class
C
Year Built
1990
Price
$1,854,762
Price Per SF
$493.03
Cap Rate
6.30%
NOI
$116,850
Tenancy
Single
Building Height
1 Story
Building FAR
0.11
Lot Size
0.77 AC
Parking
35 Spaces (9.3 Spaces per 1,000 SF Leased)
Frontage
184’ on Wyntree Dr
Amenities
- Freeway Visibility
- Drive Thru
Nearby Major Retailers
Property Taxes
| Parcel Number | 87-12-27-201-002.000-019 | Improvements Assessment | $210,000 |
| Land Assessment | $545,500 | Total Assessment | $755,500 |
Property Taxes
Parcel Number
87-12-27-201-002.000-019
Land Assessment
$545,500
Improvements Assessment
$210,000
Total Assessment
$755,500
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Arby's | Newburgh, IN (Evansville MSA) | 8055 W In-66
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