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).
25 year old, established pet-related retail and grooming business for sale in the Evansville market area. Currently employs 1 Manager , 1 Groomer, 1 Bather, and 1 Assistant. All personal property items owned by business included in sale price. Itemized list provided upon request.
Extensive list of inventory included (furnished upon request) Well-known and established bar / restaurant since 1986 Large companies in close proximity that provide a loyal customer base NASCAR / sports bar theme inside (see attached pictures on next page) 3-way liquor, catering, gaming and lottery licenses included in sale price Additional parking: available for $250.00/mo
6,908 SF Free-standing building - built in 1991 1 story - brick front - block side 2,743 SF currently leased by medical-based tenant 20 parking spots, plus additional on-street parking available
This RV dealer is one of the fastest growing RV Dealers in the Midwest. It is a Full-Service Dealership offering sales, service and parts of major brands of recreational vehicles. Their location has convenient access to major highways. Their parts department offers all of the accessories a savvy traveler will need to outfit their home-away-from-home in style. The $6MM Sale Price includes real estate at $1.5MM, and adds back $120K per year to the NOI. Real estate may be leased for $10,000/mo. NNN, and the resulting Business Only Sale Price becomes $4.5MM.While the RV Industry Association has reported industry growth of 11.5% to 13.3% over the past 2 years, this dealership has averaged 70% growth in revenue over the past 2 years.
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 is offered for both Sale or Lease. The Seller will also entertain a "sale and partial lease-back," whereby they would lease back the south side of the building so that the buyer would have the remainder for his/her business.
REAL ESTATE ONLY! 8,000 SF Single Tenant Retail Property. Price was recently reduced from $425,000, making this an excellent opportunity.
NN Lease. For additional information regarding lease terms and conditions, signed confidentiality statement will be required. Do Not contact tenant.
W Franklin St 200'x119' lot size. W Illinois St 100'x119' lot size used for parking. Actual age: Built in three stages. 1972~original 4,320 SF, 1976~ 1,840 SF (parts and garage) 1990~ 4,640 (showroom and storage).
Nice commercial building located on the west side of Evansville at the corner of Barker Avenue and Mt. Vernon Avenue. Great location for business that needs exposure. This building has an open floor plan on corner lot with ample parking and great signage.