15001 Foundation Ave - Distribution FOR SALE


Evansville, IN 47725
$11,000,000 USD
812-708-0106
15001 Foundation Ave, Evansville, IN for Sale
$11,000,000 USD
Distribution - FOR SALE
1/11
null | 6.54% Cap Rate

15001 Foundation Ave
Evansville, IN 47725


HIGHLIGHTS

  • Just under 7 years remaining on Primary Term
  • New construction built in 2021
  • Three 5-yr renewal options

OVERVIEW

Woodward Commercial Realty, Inc is pleased to offer the opportunity to acquire the fee simple interest (land & building) in this NNN freestanding building leased to Frito Lay in Evansville, IN. 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.

FOR SALE DETAILS

PRICE

$11,000,000 USD

PRICE/SF

$147 USD /SF

CAP RATE

6.54%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Industrial

PROPERTY SUBTYPE

Distribution

ADD'L SUBTYPES

Warehouse

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2021

UTILITIES

-

CLEAR CEILING HT

32 Ft

DOCKS

17

DRIVE INS

2

PARKING SPACES

21

LAND DETAILS

LAND ACRES

11.72

LAND SF

510,523

ZONING

M-2

APN/PARCEL ID

82-04-01-009-277.015-030

ASK ABOUT THIS PROPERTY

Greg FolzWoodward Commercial RealtyMore Info
812-708-0106

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Greg FolzWoodward Commercial RealtyMore Info
812-708-0106

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.