Caliber Collision - Evansville, IN | 4311 University Dr
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Caliber Collision - Evansville, IN 4311 University Dr
12,150 SF 4-Star Retail Building Evansville, IN 47712 £3,830,892 (£315/SF) 6.35% Net Initial Yield
Investment Highlights
- New 15-year, absolute NNN lease
- Highly visible location within main retail corridor
- Corporate Guarantee
- 2024 Construction to be completed October 2024
Executive Summary
Newly Constructed 12,150 SF building on 1.72 Acres in Evansville, Indiana (largest city in southern Indiana)
Corporate Guarantee from Caliber Collision, which is the largest collision repair chain in the U.S., with 1,750 stores in 41 states
Brand New 15-Year Absolute NNN Lease with Zero Landlord Responsibilities, and Transferrable Roof Warranty
Site is located on University Drive, just off W Lloyd Expressway / US HWY 62 with an average of 39,000+ cars per day
Major retail and restaurants located with in a one-mile radius of site include the following: Kohl’s, Walmart, Lowe’s, AMC, Home Depot, Schnuck’s, Aldi, Chick-Fil-A, Buffalo Wild Wings, Panera and Starbucks
Evansville is home to University of Southern Indiana (public - 10,000+ students) and University of Evansville (private - 2,000+ students)
Corporate Guarantee from Caliber Collision, which is the largest collision repair chain in the U.S., with 1,750 stores in 41 states
Brand New 15-Year Absolute NNN Lease with Zero Landlord Responsibilities, and Transferrable Roof Warranty
Site is located on University Drive, just off W Lloyd Expressway / US HWY 62 with an average of 39,000+ cars per day
Major retail and restaurants located with in a one-mile radius of site include the following: Kohl’s, Walmart, Lowe’s, AMC, Home Depot, Schnuck’s, Aldi, Chick-Fil-A, Buffalo Wild Wings, Panera and Starbucks
Evansville is home to University of Southern Indiana (public - 10,000+ students) and University of Evansville (private - 2,000+ students)
Property Facts Under Contract
Sale Type
Investment NNN
Sale Condition
1031 Exchange
Property Type
Retail
Building Size
12,150 SF
Building Class
A
LoopNet Rating
4 Star
Year Built
2024
Price
£3,830,892
Price Per SF
£315
Net Initial Yield
6.35%
NOI
£243,262
Tenancy
Single
Number of Floors
1
Building FAR
0.16
Lot Size
1.72 AC
Nearby Major Retailers
PROPERTY TAXES
| Parcel Number | 82-05-27-019-019.046-025 | Improvements Assessment | £0 |
| Land Assessment | £64,152 | Total Assessment | £64,152 |
PROPERTY TAXES
Parcel Number
82-05-27-019-019.046-025
Land Assessment
£64,152
Improvements Assessment
£0
Total Assessment
£64,152
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Caliber Collision - Evansville, IN | 4311 University Dr
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