5125 Pearl Dr - Restaurant FOR SALE


Evansville, IN 47712- Evansville West Side
$3,333,000 USD
480-221-4221
5125 Pearl Dr, Evansville, IN for Sale
$3,333,000 USD
Restaurant - FOR SALE
1/6
null | 5.25% Cap Rate

5125 Pearl Dr
Evansville, IN 47712
Evansville West Side


HIGHLIGHTS

  • Brand New 10 Year Lease | Options To Extend
  • Absolute NNN | Fee Simple Ownership | Zero Landlord Responsibilities
  • Across From Walmart Supercenter |Near University Shopping Center
  • Strong Demographics In 5-Mile Trade Area

OVERVIEW

SRS National Net Lease is pleased to offer the opportunity to acquire the fee simple interest (land & building ownership) in an absolute NNN leased, Olive Garden investment property located in Evansville, IN. The tenant, Olive Garden Holdings, LLC recently signed a brand new 10 year lease with 5 (5-year) options to extend, demonstrating their commitment to the site. The lease features 10% rental increases every 5 years throughout the initial term and at the beginning of each option period, steadily growing NOI and hedging against inflation. The lease is absolute NNN with zero landlord responsibilities making it an ideal, management free investment opportunity for a passive investor.

FOR SALE DETAILS

PRICE

$3,333,000 USD

PRICE/SF

$486 USD /SF

CAP RATE

5.25%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Olive Garden | Brand New 10 Yr Lease

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Restaurant

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1999

SPRINKLERS

-

PARKING SPACES

124

LAND DETAILS

LAND ACRES

1.61 AC

LAND SF

70,132 SF

ZONING

C-4

APN/PARCEL ID

82-05-28-007-452.001-024

ASK ABOUT THIS PROPERTY

Patrick LutherSRS National Net LeaseMore Info
480-221-4221

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Patrick LutherSRS National Net LeaseMore Info
480-221-4221

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