www.crexi.com - The Commercial Real Estate Exchange
Subscribe to Intelligence for full access
Analyze more property details including ownership and financial history. Share advanced property insights with your clients and teams.
Subscribe to Intelligence for full access
Analyze more property details including ownership and financial history. Share advanced property insights with your clients and teams.
25806180
27925332

2780 Kratzville Rd, Evansville, IN 47710

BB
IN RB14037939, OH BRK.200900214 (+21)
Bang Realty
MD
01859235
Fortis Net Lease
Listed by Bang Realty, Fortis Net Lease
$1,642,800
311 days on market
Updated 47 days ago

AAA Cooper (Knight Swift)

Details
Property Type Industrial
Sub Type Distribution, Warehouse
Square Footage 13,300
Cap Rate 11.5%
NOI $188,927
Occupancy 100%
Lease Type NN
Lease Term 5
Lease Expiration 12/29/2027
Remaining Term 2.2
Rent Bumps Yes
Lease Options None
Price per SqFt $124
Year Built 1967
Year Renovated 2024
Lease Commencement 11/29/2022
Ground Lease No
Ownership Fee Simple

Industrial | 11.38% CAP | 13,300 SqFt

Marketing description

Fortis Net Lease is pleased to present this offering for two Cross Dock Warehouse Truck Terminals in Evansville, Indiana on approximately 3 acres. The West building, 1416 Meyer, includes 8,150 SF with 26 Dock level doors and 900 SF of office space on 2.10 Acres. The second building, 2780 Kratzville, the East building is comprised of 5.150 SF with 16 Dock level doors and 800 SF of office on .90 acres. Both buildings were completely renovated in 2024. Both sites are zoned M-2 – General Industrial allowing for Industrial Outdoor Storage.

1416 Meyer is currently leased by AAA Cooper (Subsidiary of Knight-Swift Transportation (NYSE:KNX). This is a NN Lease which expires in December 2027. Landlord responsibilities include roof, structure, parking lot, and HVAC. The tenant pays all expenses directly and reimburses LL for real estate taxes and Management fee. AAA Cooper moved out of this site in 2024 and but continues to pay rent through December of 2027.

2780 Kratzville was was recently leased to Parcil Safety as their new National headquarters and distribution center. Parcil Safety primary business is the sale and distribution of gas masks and safety equipment. The properties are individually parceled and may be leased or purchased separately or together.

Investment highlights

  • Both Buildings Completely Renovated in 2024
  • Immediate Access to State Road 66 and other Major Highways
  • Close Proximity to Evansville Airport and Central Business District
  • Ideally located between Indianapolis, Nashville and St. Louis
  • Zoning Allows for Outdoor Truck Storage
  • More than 112,000 Population within 5 Miles

Listing Contacts

BB
IN RB14037939, OH BRK.200900214 (+21)
Bang Realty
MD
01859235
Fortis Net Lease
Listed by Bang Realty, Fortis Net Lease

Valuation Calculator

Login or Sign up to see Valuation Metrics
Sign up for Crexi to see valuation metrics for this property
$
$
%
Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$188,927.00
$15,743.92/mo

Valuation Metrics

0
DSCR
11.5%
Cap Rate
11.5%
ROI

Map

Broker Selected Comps View More Comps

Property History

Intelligence Badge

Tax History

Intelligence Badge

Similar Properties

View All

Additional Information

Name
Brian Brockman
License
RB14037939
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
Is there information that looks off?
For assistance, reach out to our support team at [email protected] or call 888.273.0423 . For press inquiries, contact [email protected]
Equal Housing Opportunity
5510 Lincoln Blvd #400, Los Angeles, CA 90094Commercial Real Estate Exchange, Inc.Crexi Technologies, LLCCXTechnology, LLC
© 2026 Commercial Real Estate Exchange, Inc. All Rights Reserved. DRE #02086591