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32780955
32780930

727 North Cross Pointe Boulevard, Evansville, IN 47715

MH
IN IN RB14052326
Marcus & Millichap - Indianapolis
DY
IN RB14050667
Marcus & Millichap - Indianapolis
Listed by Marcus & Millichap - Indianapolis
$2,652,000
25 days on market
Updated 11 days ago

First Financial Bank Center | Service-Oriented Center

Details
Property Type Retail
Sub Type Bank, Shopping Center
Square Footage 10,992
Net Rentable (SqFt) 10,992
Units 6
Cap Rate 7.19%
Occupancy 100%
Tenancy Multi
Lease Type NNN
Class A
Year Built 2011
Acreage 1.360
Zoning Commercial
Parking Spaces 53 spaces
Parking Per SqFt 4.82
Tenant Credit Credit Rated
Ground Lease No
Sale Condition N/A

100% Occupied Center Anchored by First Financial Bank

Marketing description

100% Occupied Six-Tenant Center Anchored by First Financial Bank – Tenant Operates 153 Locations in Four States with $1.33 Billon TTM Revenue, $22.8 Billion in Total Assets, and Has Been in Business 160+ Years | NASDAQ: FFBC

Adjacent to Costco & The Promenade of Evansville Development on 215 Acres – the Only Planned Mixed-Use, Full-Scale Lifestyle Development in Southwest Indiana, Including a 220-Unit Luxury Apartment Complex

Value-Add Opportunity – Three Tenants are on Month-to-Month Leases | Under Market Rents – $17.34 per Square Foot on Average | All Tenants Have NNN Leases With 2% Annual Rent Increases

Surrounded by Major Employers, Medical Offices, Retail Centers, Hotels, Restaurants and National Businesses Such As Shoe Carnival’s Corporate Headquarters (535 Employees), Furniture Row, Drury Inn & Suites, Spark by Hilton, Golden Corral, Chick-fil-A, Bubba’s 33, McDonalds, Walmart, The Home Depot, Sam’s Club, New Raising Cane’s and More

Located a Quarter Mile North of Highly Traveled Lloyd Expy (53,430 VPD), Evansville’s Main East-West Corridor | Less than One Mile from I-69 (55,822 VPD) | Convenient Access to E Morgan Ave and Green River Road

Frontage to Cross Pointe Blvd with 17,871 VPD and Growing Due to a Plethora of Adjacent Development

Evansville is the Largest Metro in Southern Indiana with 317,000 Residents and is the Economic Center of the Indiana-Kentucky-Illinois Tri-State Region, Serving a Trade Area of Over 520,000 Residents

Pride of Ownership – The Building Offers Class A Stone Masonry Work, a Standing Seam Metal Roof, and a Concrete Parking Lot

Excellent Demographics: Five-Mile Daytime Population is 144,452 and Three-Mile Average Household Income is $90,651

Investment highlights

100% Occupied Six-Tenant Center Anchored by First Financial Bank – Tenant Operates 153 Locations in Four States with $1.33 Billon TTM Revenue, $22.8 Billion in Total Assets, and Has Been in Business 160+ Years | NASDAQ: FFBC

Adjacent to Costco & The Promenade of Evansville Development on 215 Acres – the Only Planned Mixed-Use, Full-Scale Lifestyle Development in Southwest Indiana, Including a 220-Unit Luxury Apartment Complex

Value-Add Opportunity – Three Tenants are on Month-to-Month Leases | Under Market Rents – $17.34 per Square Foot on Average | All Tenants Have NNN Leases With 2% Annual Rent Increases

Surrounded by Major Employers, Medical Offices, Retail Centers, Hotels, Restaurants and National Businesses Such As Shoe Carnival’s Corporate Headquarters (535 Employees), Furniture Row, Drury Inn & Suites, Spark by Hilton, Golden Corral, Chick-fil-A, Bubba’s 33, McDonalds, Walmart, The Home Depot, Sam’s Club, New Raising Cane’s and More

Located a Quarter Mile North of Highly Traveled Lloyd Expy (53,430 VPD), Evansville’s Main East-West Corridor | Less than One Mile from I-69 (55,822 VPD) | Convenient Access to E Morgan Ave and Green River Road

Frontage to Cross Pointe Blvd with 17,871 VPD and Growing Due to a Plethora of Adjacent Development

Evansville is the Largest Metro in Southern Indiana with 317,000 Residents and is the Economic Center of the Indiana-Kentucky-Illinois Tri-State Region, Serving a Trade Area of Over 520,000 Residents

Pride of Ownership – The Building Offers Class A Stone Masonry Work, a Standing Seam Metal Roof, and a Concrete Parking Lot

Excellent Demographics: Five-Mile Daytime Population is 144,452 and Three-Mile Average Household Income is $90,651

Listing Contacts

MH
IN IN RB14052326
Marcus & Millichap - Indianapolis
DY
IN RB14050667
Marcus & Millichap - Indianapolis
Listed by Marcus & Millichap - Indianapolis

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Additional Information

Name
Madison Harman
License
IN RB14052326
Brokerage
Marcus & Millichap
Brokerage Phone
2604947213
Title
IN
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