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This Retail Property is no longer advertised on LoopNet.com.

511 E Boonville New Harmony Rd
Evansville, IN 47725

CVS | Long-Term Lease | NN Lease · Retail Property For Sale

Investment Highlights

  • Passive Lease Structure – Tenant Responsible for CAM, Taxes, & Insurance
  • Located Across Grocery-Anchored Shopping Center-Serves Immediate Area-Brand-New Car Wash Under Construction
  • Rare 7% Rental Bumps in Each Option Period & No Rent Holiday
  • Signalized, Hard-Corner Intersection
  • Long Lease Term Remaining: +/-13 Years Left on Original Lease with Five, Five-Year Options to Renew
  • Strong Demographics: Average Household Income in 2 Miles is Approximately $130,000

PROPERTY FACTS

Property Type
Retail
Property Subtype
Drug Store
Building Size
13,334 SF
Building Class
C
Year Built
2010
Tenancy
Single
Building Height
1 Story
Building FAR
0.18
Lot Size
1.69 AC
Zoning
C-1 - Commercial
Parking
90 Spaces (6.75 Spaces per 1,000 SF Leased)
Frontage
320 FT on East Boonville-New Harmon

Amenities

  • Signage
  • Air Conditioning

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
82-04-17-009-352.001-030
Land Assessment
$734,900
Improvements Assessment
$879,400
Total Assessment
$1,614,300
  • Listing ID: 27800763

  • Date on Market: 2/21/2023

  • Last Updated:

  • Address: 511 E Boonville New Harmony Rd, Evansville, IN 47725

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