Lawndale Shops 710 S Green River Rd
8,121 SF 100% Leased Retail Building Evansville, IN 47715 £1,703,492 (£209.76/SF) 7% Net Initial Yield
INVESTMENT HIGHLIGHTS
- Newer 2019 Construction | 2 of 3 Spaces Leased
- Seller will Master Lease Vacancy for 24 Months with Full Funds Escrowed at Close
- Green River Road Boasts Average Daily Traffic Count of 20,529 VPD
- New Leases Executed by Urgent Care (10-Year) and Donato's (5-Year)
- Three, 5-Year Renewal Options For Both Tenants
- One Mile from St. Vincent Hospital | 376 Acute Beds
EXECUTIVE SUMMARY
Newer 2019 Construction | 2 of 3 Spaces Leased
New Leases Executed by Urgent Care (10-Year) and Donato's (5-Year)
Seller will Master Lease Vacancy for 24 Months with Full Funds Escrowed at Close
Three, 5-Year Renewal Options For Both Tenants
Green River Road Boasts Average Daily Traffic Count of 20,529 VPD
One Mile from St. Vincent Hospital | 376 Acute Beds
3-Mile Population Surrounding Subject Property Exceeds 68,008
2.5 Miles from University of Evansville | Less than 10 miles from Evansville Regional Airport
New Leases Executed by Urgent Care (10-Year) and Donato's (5-Year)
Seller will Master Lease Vacancy for 24 Months with Full Funds Escrowed at Close
Three, 5-Year Renewal Options For Both Tenants
Green River Road Boasts Average Daily Traffic Count of 20,529 VPD
One Mile from St. Vincent Hospital | 376 Acute Beds
3-Mile Population Surrounding Subject Property Exceeds 68,008
2.5 Miles from University of Evansville | Less than 10 miles from Evansville Regional Airport
PROPERTY FACTS
Sale Type
Investment
Property Type
Retail
Property Subtype
Restaurant
Building Size
8,121 SF
Building Class
C
Year Built
2019
Price
£1,703,492
Price Per SF
£209.76
Net Initial Yield
7%
NOI
£119,244
Percent Leased
100%
Tenancy
Multiple
Number of Floors
1
Parking
55 Spaces (6.77 Spaces per 1,000 SF Leased)
Frontage
208 ft on S Green River Rd
Walk Score®
Very Walkable (74)
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | 82-06-25-017-109.002-027 | Improvements Assessment | £824,397 |
| Land Assessment | £649,567 | Total Assessment | £1,473,965 |
