物业参观和详细的联系信息:
物业参观可以提前预约。请联系房源经纪人安排参观物业。
投资亮点:
• NNN租赁,拥有最小的业主责任
• 租户已经签订多次续约,最近签订五年的续约,还剩下了5.5年的时间。
• Barnes&Noble自1995年以来就在这里,是110英里以内的唯一一家商店
• 它位于伊斯特兰购物中心以南一英里的地方,是一个1.04米的区域性商场,商场有110家商店,每年吸引1000万来访者。
• 具备完善的初级零售走廊。主题路口的餐馆和零售商包括CVS,麦当劳,Wendy's,Hooters和5th 3rd Bank
• 是主要东/西和南/南动脉重要联络口。绿河路(Green River Road)每日平均交通量为+/- 3万辆车
• 可通过四个入/出口清楚地看见
• 五英里内的人口密集,达119542人
• 它距离圣玛丽医疗中心不到一英里,该医疗中心是埃文斯维尔的第三大雇用企业,拥有3500多名员工
• 可步行直达哈里森高中;该高中有 1450多名学生和110多名教师
投资概述:
该地位于印第安纳州埃文斯维尔的一座2层36244平方英尺的独立零售大楼。该地始建于1995年,坐落在3.02英亩的土地上。自建设以来,该地始终由一个租户使用,巴恩斯和诺贝尔图书销售商(Barnes & Noble Bookseller)
该地位于南绿河路与林肯大道交汇处,地理位置优越,可直接看见主要零售走廊。
Property Tour and Contact Detail Information:
Property tours are available by appointment. Please contact the listing broker to schedule a tour of the property.
Investment Highlights:
• NNN Lease with minimal Landlord responsibilities
• Tenant has executed multiple renewals and recently executed an early five-year renewal with 5.5 years remaining
• Barnes & Noble has occupied the location since 1995 and it is their only store location within 110 miles
• One mile south of Eastland Mall, a 1.04M regional mall with 110 stores, drawing 10 million visitors annually
• Well established primary retail corridor. Restaurants and retailers at Subject intersection include CVS, McDonald’s, Wendy’s, Hooters, and 5th 3rd Bank
• Signalized hard corner on major east/west and north/south arterials. Green River Road has average daily traffic counts of +/- 30,000 vehicles
• Excellent visibility via four points of Ingress/ Egress
• Dense surrounding population of 119,542 within five miles
• Less than one mile from St. Mary’s Medical Center, Evansville’s 3rd largest employer with 3,500+ employees
• Walking distance to Harrison High School; 1,450+Students and 110+ faculty
Investment Overview:
The opportunity is a 2-story 36,244 SF freestanding retail building in Evansville, IN. The property was built in 1995 and is situated on a 3.02 acre site. Since construction, this build-to-suit property has been 100.0% occupied by a single tenant, Barnes & Noble Booksellers.
The property boasts an excellent corner location at the intersection of South Green River Road and Lincoln Avenue, providing superb visibility along a primary retail corridor. The subject is also well-positioned between Eastland Mall, one mile to the north and Washington Square Mall, less than one mile to the south. Two power centers, Lloyd Crossing Shopping Center and Evansville Pavilion are also located less than two miles east, providing several big box, junior box, inline retail developments, and restaurants with national tenants such as Target, Wal-Mart, Home Depot, Kohl’s, PetSmart, and Best Buy.
Barnes & Noble, Inc. is a leading retailer of content, digital media and educational products. The company provides customers easy and convenient access to books, magazines, newspapers and other content across its multi-channel distribution platform. Barnes and Noble had most recent 3rd quarter sales of $1.3 billion with net earnings of $70.3 million. The company has a total shareholder’s equity of $603 million. Barnes & Noble.com leverages the Barnes & Noble brand to offer the premier web destination for books, ebooks, magazines, toys & games, music, DVD, and related products and services. The company stocks over 1 million titles for immediate delivery more than any other online bookseller. Barnes and Nobles recently authorized a new stock repurchase program for up to $50 million of its common shares. Additionally, a quarterly cash dividend of $0.15 per share was declared and payable on April 28th, 2017. Barnes & Noble had a most recent 3rd quarter EBITDA of $157.8 million. FY 2017 EBITDA is trending up year over year with a current estimate at $180 million to $190 million with Retail EBITDA trending at $200 million to $210 million.
Evansville is the third largest city in the state of Indiana. The City’s major employers include Toyota, St. Mary’s Health, Berry Plastics, Evansville Vanderburgh School Corporation, and Alcoa Aluminum. Evansville is considered to be a regional trade hub for Indiana, Kentucky, and Illinois. Its strategic location along the Ohio River, along with US Customs Port of Entry designation and ample rail and highway infrastructure, make Evansville an ideal location for trade and logistics. This property will be auctioned on Monday, December 11 - Wednesday, December 13 . The price displayed is the starting bid amount of $1,100,000. For information and to register to bid on this property, please visit Ten-X.com.