REIT Sale | Former Advance Auto Parts | 14K VPD

Highlights:

• 6,760 SF Value-Add Retail (Former Advance Auto Parts) in Princeton, Indiana
• 14,664 VPD Traffic Count Frontage and Visibility along W Broadway/SR-64; Off the IN-64/US-41 Interchange; 6 Minutes from Downtown
• Shadow-Anchored by Ruler Foods (a Kroger Co) in Retail Corridor including Walmart, Menards, McDonalds, Walgreens, IGA, Wendy’s, more

Description:

RI Marketplace Online Auction June 9-11, 2025
Register to bid on Marketplace:
https://rimarketplace.com/auction/2470/t?utm_source=brevitas&utm_medium=listing&utm_campaign=external

Marcus & Millichap and RI Marketplace are pleased to present a vacant, free-standing retail building located at 1405 West Broadway Street in Princeton, Gibson County, Indiana 47670. (the “Property”). Formerly occupied by Advance Auto Parts, the Property is being offered significantly below replacement cost, presenting an excellent opportunity for owner/users or investors to acquire a highly visible, strategically positioned asset at a compelling basis. FIRST BID MEETS RESERVE!

Built in 1998, the Property comprises a one-story, ±6,760-square-foot free-standing retail building situated on a ±0.707-acre parcel (±30,800 SF), with 37 surface parking spaces. The site features ±140 feet of frontage and two points of ingress/egress along West Broadway (SR-64)—Princeton’s primary commercial corridor, with ±14,664 vehicles per day (VPD). The Property includes a highly visible pylon sign and was previously leased to Advance Auto Parts on a triple-net (NNN) basis. The Property presents owner-users or investors with the ability to unlock significant value-add potential through lease-up at long-term market rates (CoStar estimated retail rents of $9-11/SF NNN). Zoned GB, General Business District, the Property allows for flexible retail and commercial uses, appealing to a wide range of end-users.

Strategically located in Princeton, the county seat of Gibson County, the Property benefits from direct frontage along West Broadway (SR-64), the city’s primary commercial corridor, with ±14,664 vehicles per day (VPD). The site offers convenient access to US-41 (±1 mile away)—a major north-south route connecting to Evansville (±25 miles south) and Interstate 64, enhancing regional accessibility and connectivity. The surrounding trade area includes a strong mix of national retailers such as Walmart Supercenter, CVS, McDonald’s, Taco Bell, O’Reilly Auto Parts, and Dollar General, helping drive consistent daily traffic and consumer demand. Princeton’s economy is anchored by major regional employers, most notably Toyota Motor Manufacturing Indiana (TMMI), located just ±5 miles east of the Property. The plant employs over 7,500 people and produces hundreds of thousands of vehicles annually. Additional demand drivers include logistics providers, automotive suppliers, and healthcare institutions such as Gibson General Hospital. The Property is also located within ±1 mile of the Gibson County Fairgrounds and Princeton Aquatic Center, which provide additional community-oriented traffic. Educational demand is supported by Princeton Community Middle and High Schools, with a total enrollment of over 1,000 total students. The Property is well-positioned to serve both local residents and a large daytime employment base. The surrounding area includes ±12,636 residents within a 5-mile radius, with an average household income of ±$85,000, supporting sustained demand for daily needs retail and services.

Bryan P. Jackson
c/o Fisher Auction Company Inc.
License: AU09100175