3901 Highway 41 N
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3901 Highway 41 N
5,450 SF Retail Building Evansville, IN 47711 £1,065,150 (£195/SF) 5.56% Net Initial Yield
Investment Highlights
- Absolute Net Lease | Zero Landlord Responsibilities
- Below-Market Rent at $13.76 Rent Per SF and 5,450 SF Building Below Replacement Cost at $247 Per SF
- Five-Mile Population of 134,000 with an Average Household Income of $61,860
- Strong Store Sales Location with an Extremely Healthy Rent-to-Sales Ratio Providing a High Likelihood of Tenant Exercising Lease Renewals
- 10% Rent Increases Every 5 Years with Next Increase in March of 2028
- Excellent Access and Visibility from Hwy 41 with 35,000 VPD
Executive Summary
Marcus & Millichap is pleased to present the opportunity to acquire a 5,450-square-foot building at 3901 Highway 41 N, Evansville, Indiana.
Data Room Click Here to Access
- Offering Memorandum
Property Facts
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Restaurant
Building Size
5,450 SF
Building Class
C
Year Built
1979
Price
£1,065,150
Price Per SF
£195
Net Initial Yield
5.56%
NOI
£59,175
Tenancy
Single
Number of Floors
1
Building FAR
0.12
Land Acres
1.01 AC
PROPERTY TAXES
| Parcel Number | 82-06-09-034-406.002-020 | Improvements Assessment | £151,287 |
| Land Assessment | £156,422 | Total Assessment | £307,709 |
PROPERTY TAXES
Parcel Number
82-06-09-034-406.002-020
Land Assessment
£156,422
Improvements Assessment
£151,287
Total Assessment
£307,709
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John Paine -
Marcus & Millichap
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3901 Highway 41 N
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