The subject property is a 3,003 square foot Arby' s located in Evansville, Indiana. Arby' s has signed a 20-year triple-net, corporate-backed lease, which commenced in 2007. The lease provides for a rare 1.7% annual increase with four- 5-year extensions. Currently, there is twelve years left on the original 20-year lease. Located in the area' s main retail hub, the subject property is an outparcel to East Lloyd Commons shopping center anchored by Best Buy, Guitar Center, Gordman' s and Michaels. Predominant land uses and competitors in the local market include Home Depot, Staples, Target, Kohl' s, McDonald' s, KFC, Chick-fil-A, IHOP, Sonic, Denny' s, Longhorn Steakhouse and Golden Corral. Supportive single family and multi-family residential developments are located throughout of the subject in adjoining neighborhoods.
East Morgan Pavilion is an 8736 sf strip center situated along the busy retail corridor of east Morgan Avenue in Evansville. Recent improvements include prominent street signage, building facade updates and interior build-outs. Current tenants include Crown Trophy, Jarrett Security and Dayton's Preschool/Daycare.
Price Upon Req.30,000 SF
15,000+ SF RETAIL AND WAREHOUSE SPACE 4,700 SF WAREHOUSE RESIDENTIAL HOME AND OUTBUILDINGS ALL ON 3.162 ACRES (137,000 + SF) ZONED C-4 OFFERED IN TRACTS, COMBINATIONS, AND THE ENTIRETY
Formerly Los Bravos Mexican Restaurant All equipment and personal property included in sale
Relocating for business expansion. This 9,500sf building (includes a 2642sf garage and 1327sf of unfinished space) has been the East side store for this floral business for 40+ years. There is a large paved parking lot in front of the attractive brick building, a garage and large lot in the back for future expansion or additional parking. The open floor plan will make it easy to adapt to a new use. There are two 3-fixture restrooms. It has 400 amp electric. The property may be available For Lease to a strong tenant with a long-term agreement.
This property was a 24/7 diner for over 30 years. The current owner has owned the property for nearly 20 years. They served breakfast, lunch and diner any time of day and night. This is a combination real estate and business assets sale. All of the refrigeration, cooking appliances, pots, pans, utensils, dishes, glasses, etc. are included. Everything needed to purchase and operate a restaurant business. They increased revenue from $259,600 in 2013 to $281,500 in 2014. Final #'s for 2015 will be available soon.
Free standing building. Includes refrigeration units.
This exclusive listing is for a freestanding building leased 100% by McDonald' s. There is 17 years left on the NNN ground lease. Rent increases are every 5 years with 15% rent bumps. This property features high visibility along major Highway 41 and approximately 35,000 CPD driving past the location. Other retailers in the area include Subway, Taco Bell, Time Warner Cable, Harbor Freight Tools and many more.