Auto Service - Gas-Conv
Sun Auto Tire | Rare 20 Yr Abs. Net w/ Strong 2% Annual Increases | Indiana | 465+ Unit Guarantor
2801 N Green River Rd, Evansville, IN 47715
Listing Price: $4,842,927
Investment Overview
Evansville, Indiana is the economic and cultural hub of Southwestern Indiana and the third-largest city in the state. With a metropolitan population exceeding 300,000, Evansville serves as the primary retail, medical, and business center for a tri-state region encompassing parts of Indiana, Kentucky, and Illinois. The city’s diverse economic foundation is driven by strong sectors including healthcare, education, manufacturing, finance, and logistics.
The property is strategically located on North Green River Road, one of the most heavily trafficked and commercially active corridors in the region. This vibrant retail artery connects residents to Eastland Mall, Target, Meijer, Menards, Lowe’s, Walmart Supercenter, and other high-performing national brands. This dense cluster of top-tier retailers ensures significant cross-shopping traffic and long-term stability for tenants in the corridor.
Evansville benefits from major institutions such as the University of Evansville and University of Southern Indiana, which collectively contribute thousands of students, faculty, and staff to the local economy. The city is also home to Deaconess Health System and Ascension St. Vincent, two of the region’s largest healthcare providers, creating strong daytime employment and service demand.
Ongoing infrastructure investment, including improvements to the Lloyd Expressway (IN-66), supports seamless east-west connectivity and enhances access to commercial corridors. The nearby Evansville Regional Airport adds further economic vitality, handling over 200,000 passengers annually and supporting business travel across the Midwest.
Positioned in Evansville’s highly desirable east side trade area, this site enjoys excellent visibility, exceptional retail synergy, and long-term demographic growth. The combination of strategic location, regional traffic drivers, and favorable economic conditions makes this property an ideal candidate for passive income investors seeking stability in a proven market.
Sun Auto Tire | Rare 20 Yr Abs. Net w/ Strong 2% Annual Increases | Indiana | 465+ Unit Guarantor
Investment Highlights
- Rare 20 Year Absolute Net Lease (Zero Landlord Obligations) featuring 2% Annual Rental Increases throughout the Initial Term and Options. Brand New High Quality Construction.
- Located along Evansville's Busiest Retail Corridor - Positioned on North Green River Road, one of the City's Highest Traffic Retail Corridors with over 25k Vehicles Per Day.
- Sun Auto is Majority Owned by Private Equity Firm Leonard Green & Partners - which handles more than $75 Billion of Assets and has Invested in more than 100 Companies.
- Located Directly Across from Meijer and Menards, two High-Traffic Retail Anchors that Draw Consistent Consumer Volume and Reinforce the Site's Position within a Dominant Shopping Destination.
- High-Density Residential Neighborhoods Nearby - Over 129k Residents live within a 5-Mile Radius, Fueling Ongoing Demand for nearby Retail, Service, and Auto-Related Businesses.
- Sun Auto Tire & Service is the Fastest Growing, Top-10 Independent Tire Dealer in the Nation, with over 465 Stores Operating under Multiple Brands.
- Surrounded by National Retail Brands - In Close Proximity to Walmart Supercenter, Target, Home Depot, Lowe's, PetSmart, Best Buy, and Kohl's, Ensuring Strong Area Foot Traffic and Consumer Demand.
- Located in a Strong Daytime Employment Hub - The Surrounding Corridor Supports more than 30k Daytime Employees in Medical, Retail, and Service Industries, driving Consistent Daytime Traffic. Significant Tax Benefits - Subject Property Qualifies for Tax Savings via Accelerated Depreciation and Cost Segregation.
Exclusively Listed By
Broker of Record
Auto Service - Gas-Conv
Sun Auto Tire | Rare 20 Yr Abs. Net w/ Strong 2% Annual Increases | Indiana | 465+ Unit Guarantor
Listing Price: $4,842,927
Investment Highlights
- Rare 20 Year Absolute Net Lease (Zero Landlord Obligations) featuring 2% Annual Rental Increases throughout the Initial Term and Options. Brand New High Quality Construction.
- Located along Evansville's Busiest Retail Corridor - Positioned on North Green River Road, one of the City's Highest Traffic Retail Corridors with over 25k Vehicles Per Day.
- Sun Auto is Majority Owned by Private Equity Firm Leonard Green & Partners - which handles more than $75 Billion of Assets and has Invested in more than 100 Companies.
- Located Directly Across from Meijer and Menards, two High-Traffic Retail Anchors that Draw Consistent Consumer Volume and Reinforce the Site's Position within a Dominant Shopping Destination.
- High-Density Residential Neighborhoods Nearby - Over 129k Residents live within a 5-Mile Radius, Fueling Ongoing Demand for nearby Retail, Service, and Auto-Related Businesses.
- Sun Auto Tire & Service is the Fastest Growing, Top-10 Independent Tire Dealer in the Nation, with over 465 Stores Operating under Multiple Brands.
- Surrounded by National Retail Brands - In Close Proximity to Walmart Supercenter, Target, Home Depot, Lowe's, PetSmart, Best Buy, and Kohl's, Ensuring Strong Area Foot Traffic and Consumer Demand.
- Located in a Strong Daytime Employment Hub - The Surrounding Corridor Supports more than 30k Daytime Employees in Medical, Retail, and Service Industries, driving Consistent Daytime Traffic. Significant Tax Benefits - Subject Property Qualifies for Tax Savings via Accelerated Depreciation and Cost Segregation.
Investment Overview
Evansville, Indiana is the economic and cultural hub of Southwestern Indiana and the third-largest city in the state. With a metropolitan population exceeding 300,000, Evansville serves as the primary retail, medical, and business center for a tri-state region encompassing parts of Indiana, Kentucky, and Illinois. The city’s diverse economic foundation is driven by strong sectors including healthcare, education, manufacturing, finance, and logistics. The property is strategically located on North Green River Road, one of the most heavily trafficked and commercially active corridors in the region. This vibrant retail artery connects residents to Eastland Mall, Target, Meijer, Menards, Lowe’s, Walmart Supercenter, and other high-performing national brands. This dense cluster of top-tier retailers ensures significant cross-shopping traffic and long-term stability for tenants in the corridor. Evansville benefits from major institutions such as the University of Evansville and University of Southern Indiana, which collectively contribute thousands of students, faculty, and staff to the local economy. The city is also home to Deaconess Health System and Ascension St. Vincent, two of the region’s largest healthcare providers, creating strong daytime employment and service demand. Ongoing infrastructure investment, including improvements to the Lloyd Expressway (IN-66), supports seamless east-west connectivity and enhances access to commercial corridors. The nearby Evansville Regional Airport adds further economic vitality, handling over 200,000 passengers annually and supporting business travel across the Midwest. Positioned in Evansville’s highly desirable east side trade area, this site enjoys excellent visibility, exceptional retail synergy, and long-term demographic growth. The combination of strategic location, regional traffic drivers, and favorable economic conditions makes this property an ideal candidate for passive income investors seeking stability in a proven market.
Exclusively Listed By
Broker of Record
-
Josh Caruana
First Vice President/District Manager
To view property details and documents, sign up for a free MyMMI account.
Explore exclusive listings, access research insights, and set up automated alerts for a personalized experience. Sign up now to elevate your property search.
