This feature is unavailable at the moment.
We apologize, but the feature you are trying to access is currently unavailable. We are aware of this issue and our team is working hard to resolve the matter.
Please check back in a few minutes. We apologize for the inconvenience.
- LoopNet Team
thank you
Your email has been sent!
15001 Foundation Ave
75,000 SF 5-Star Industrial Building Evansville, IN 47725 $11,000,000 ($147/SF) 6.54% Cap Rate
Investment Highlights
- Just under 7 years remaining on Primary Term
- Three 5-yr renewal options
- New construction built in 2021
Executive Summary
The tenant has just under 7 years remaining on the primary 10 year term with three 5-year options to Renew. This NNN lease investment is ideal for passive investors looking for an investment with minimal landlord responsibilities.
This 75,000 SF Concrete Tilt Warehouse was built in 2021 as a Shell/Spec building within the Vanderburgh Industrial Park and leased immediately by Rolling Frito Lay Sales LP as a relocation and expansion of their warehousing and distribution operation in Evansville, IN. Sitting minutes from I-69 and I-64, this distribution center has excellent interstate access in all directions with an easy drive to surrounding regional cities such as Indianapolis, St Louis, Louisville, Cincinnati, Nashville, etc. all within a 3 hour drive time.
Call Greg Folz at (812) 708-0106 or email at gfolz@woodwardrealty.com for more information.
Property Facts
Amenities
- Fenced Lot
MAJOR TENANTS
- Tenant
- Industry
- SF OCCUPIED
- RENT/SF
- Lease Type
- Lease End
-
- Transportation and Warehousing
- -
- -
- Triple Net
- -
In 1932, C.E. Doolin entered a small San Antonio cafe and purchased a bag of corn chips. After learning the manufacturer was eager to sell his business, he bought the recipe and started making Fritos corn chips in his mother’s kitchen. He sold them from his Model T Ford. That same year, Herman W. Lay started a snack food delivery company in Nashville. He too bought out the manufacturer to form H.W. Lay & Company, which became one of the largest snack food companies in the Southeast. In 1961, the two companies merged and Frito-Lay, Inc. was born. Four years later in 1965, Frito-Lay, Inc. merged with Pepsi-Cola to form PepsiCo. Snack lovers everywhere rejoiced.
| Tenant | Industry | SF OCCUPIED | RENT/SF | Lease Type | Lease End | |
|
|
Transportation and Warehousing | - | - | Triple Net | - |
PROPERTY TAXES
| Parcel Number | 82-04-01-009-277.015-030 | Improvements Assessment | $4,043,400 |
| Land Assessment | $542,100 | Total Assessment | $4,585,500 |
PROPERTY TAXES
zoning
| Zoning Code | M-2 |
| M-2 |
Presented by
15001 Foundation Ave
Hmm, there seems to have been an error sending your message. Please try again.
Thanks! Your message was sent.