Marcus & Millichap is pleased to present the opportunity to acquire a single tenant, absolute triple-net (NNN) gas station leased to The Pantry, INC. (operating as Kangaroo Express). For over 32 years, this 2,242 plus/minus square foot building has been home to The Pantry, and they continue to operate there today. The subject property is located in Evansville, Indiana, which is in Southern Indiana. At the asking price of $375,000, the property yields a seven percent Capitalization Rate. The lease commenced on August 2, 1978 and the current option is set to expire on February 28, 2016 (approximately 2.5 years) remain on the current option period. Should The Pantry renew their next option, the rent is scheduled to increase approximately 15 percent in March of 2016. Similar rental increases every five years through the remaining option periods will increase an investor' s return over the hold period. In addition, fee simple gas stations may qualify for 15-year accelerated depreciation which may have a positive effect on your after tax return (consult your tax advisor to determine how this may have a positive effect on your after tax return).
Evansville's only Fusion Restaurant! Madeleine's features a "show kitchen", a ine cellar including a private wine room, a pastry kitchen, a special events dining room and a full bar. The building was constructed in 1864 and had a major renovation in 2005. this included new roof, HVAC, windows, plumbing, electricty and much more. 5 yr annual sales average: $800,000 Net operating income: $200,000 Lot size 25' x 150' Parking: 20 spaces off-site Price includes restaurant business and all personal property that goes with it.
Formerly Dotty' s Hair Salon, this charming building will be ideal for any office or retail user. Five offices with one large, open area suitable for conference room. Enclosed front porch for retail display area. Additional 1158 SF in unfinished basement. Could easily be converted to student housing.
REAL ESTATE ONLY! 8,000 SF Single Tenant Retail Property. Price was recently reduced from $425,000, making this an excellent opportunity.
Available for Immediale Occupancy - Call today to discuss this opportunity!
High Quality Business Center: o New Construction o 20 Front Door o 10 Overhead doors o 6 Loading Docks o 1200 Amps (Heavy Duty Electric) o Hi pressure Natural Gas o Fully Leased o Tenants Current * All Information is Confidential, and is licensed only for use in the consideration of the purchase of this property, write to receive financials, seek professional counsel.
Free standing building that includes a warehouse/staging space/garage. Formerly a furniture store. Ample parking on site. Includes one 10' x 10' overhead door. Monument signage available.
Downtown Evansville Restaurant that is ready to open. Too many upgrades to list. Traditional Sit Down Dining (68 persons in Main Dining Room), Private Dining room seats 15 to 20. The two large kitchens are able to supply sufficient product to support: Dine in, Carry out, Delivery, Catering, Banquets, and Special Events. Great location near the Ford Center. Also included is the Banquet Hall with its own kitchen and office area.
Evansville's premier Asian Buffet & Grill has been offering the largest & finest selections of Asian & American cuisine to the tristate ever since opening in 2011. Teppanyaki Grill & Supreme Buffet soon became one of Evansville's most popular dining experience's and continues to please with the warm atmosphere and superior selections. With all of the improvements, fixtures, updates and equipment the seller spent in excess of $990,000.00 in preparing for the opening of the Teppanyaki Grill & Supreme Buffet and it is obvious upon entering the facility.
Tired of working for someone else ?? Excellent opportunity to be your own boss !!! Family Hair Care Salon's owner has operated the business for 22 years and at its current location since 2000. The very established Salon has been in Evansville for a total of over 60 years and has maintained a very steady clientele and growth. The owner and the other stylist definitely want to continue working there and will pay $100.00 each per week booth rental. The property is located close to U of E and the growth potential is tremendous. Included are: four stations, four shampoo bowls, pedicure and manicure equipment and is wired for four tanning stations in the basement.