Lawndale Shops 710 S Green River Rd

8,121 SF 100% Leased Retail Building Evansville, IN 47715 $3,181,021 CAD ($391.70 CAD/SF) 7% Cap Rate

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

PROPERTY FACTS

Sale Type
Investment
Property Type
Retail
Property Subtype
Restaurant
Building Size
8,121 SF
Building Class
C
Year Built
2019
Price
$3,181,021 CAD
Price Per SF
$391.70 CAD
Cap Rate
7%
NOI
$222,671 CAD
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Parking
55 Spaces (6.77 Spaces per 1,000 SF Leased)
Frontage
208’ on S Green River Rd
Walk Score®
Very Walkable (74)

NEARBY MAJOR RETAILERS

Biaggi's Ristorante
Sam's Southern Eatery
Fifth Third Bank
Hooters
Red Lobster
Planet Fitness
Ruler Foods
Hacienda Mexican Restaurants
Schnucks
Sky Zone

PROPERTY TAXES

  • Listing ID: 35138160

  • Date on Market: 2025-03-14

  • Last Updated:

  • Address: 710 S Green River Rd, Evansville, IN 47715