Fully Leased NNN Retail Center in Prime West Evansville Location

Highlights:

• NNN Investment
• Low Vacancy Submarket
• High Traffic Counts
• Highly Visible Location

Description:

SVN | The Martin Group is pleased to present 5225 Pearl Dr, a 15,250 SF multi-tenant retail center situated on 1.26 acres located in Evansville, IN. Constructed in 2000, this property boasts a 100% occupancy rate with established tenants under NNN leases, ensuring minimal landlord responsibilities. Notable tenants include Azzip Pizza, OneMain Financial, State Farm, and others, many of whom have maintained long-term occupancy, reflecting the center's stability and appeal.​

Strategically located in Evansville's thriving west side retail corridor, the center enjoys excellent visibility and access, surrounded by major national retailers such as Walmart Supercenter, The Home Depot, Lowe’s, Aldi, and Kohl’s. Additionally, the property is just minutes from the University of Southern Indiana, a campus of over 9,000 students, faculty, and staff, providing a strong customer base and steady demand for retail and service offerings.

This investment offers a projected capitalization rate of approximately 7.5%, based on an annual income of $195,363. This opportunity is ideal for investors seeking a stable, income-generating asset in a thriving retail market.

5225 Pear Dr. is located on Evansville's Westside with nearly a 28,000 population living within 3 miles. The property also sits directly in front of Home Depot and Walmart.

1 Space Available

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