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Shopping Strip

First Financial Bank Center | Service-Oriented Retail Strip

727 N Cross Pointe Blvd, Evansville, IN 47715

Listing Price: $2,652,000

Cap Rate
7.20%
Gross SF
10,992
Rentable SF
10,992
Price/Gross SF
$241.27
Lot Size
1.36 acres
Year Built
2011

Investment Overview

100 Percent Occupied Six-Tenant Center Anchored by First Financial Bank – Tenant Operates 153 Locations in Four States with $1.33 Billon TTM Revenue, $22.8 Billion in Total Assets, and has Been in Business Over 160 Years | NASDAQ: FFBC

Adjacent to Costco & The Promenade of Evansville Development on 215 Acres – The Only Planned Mixed-Use, Full-Scale Lifestyle Development in Southwest Indiana, Including a 220-Unit Luxury Apartment Complex

Value-Add Opportunity – Four Tenants are on Month-to-Month Leases | Under Market Rents – $17.34 per Square Foot on Average | All Tenants Have Triple-Net Leases with Two Percent Annual Rent Increases

Surrounded by Major Employers, Medical Offices, Retail Centers, Hotels, Restaurants and National Businesses Such As Shoe Carnival’s Corporate Headquarters (535 Employees), Furniture Row, Drury Inn & Suites, Spark by Hilton, Golden Corral, Chick-fil-A, Bubba’s 33, McDonalds, Walmart, The Home Depot, Sam’s Club, New Raising Cane’s and More

Located a Quarter Mile North of Highly Traveled Lloyd Expy (53,430 Vehicles per Day), Evansville’s Main East-West Corridor | Less than One Mile from I-69 (55,822 Vehicles per Day) | Convenient Access to E Morgan Ave and Green River Road

Frontage to Cross Pointe Blvd with 17,871 Vehicles per Day and Growing Due to a Plethora of Adjacent Development

Evansville is the Largest Metro in Southern Indiana with 317,000 Residents and is the Economic Center of the Indiana-Kentucky-Illinois Tri-State Region, Serving a Trade Area of Over 520,000 Residents

Pride of Ownership – The Building Offers Class A Stone Masonry Work, a Standing Seam Metal Roof, and a Concrete Parking Lot

Excellent Demographics: Five-Mile Daytime Population is 144,452 and Three-Mile Average Household Income is $90,651

Investment Highlights

  • 100 Percent Occupied Six-Tenant Center Anchored by First Financial Bank – Tenant Operates 153 Locations in Four States with $1.33 Billon TTM Revenue, $22.8 Billion in Total Assets
  • Value-Add Opportunity – Four Tenants are on Month-to-Month Leases | Under Market Rents – $17.34 per Square Foot on Average | All Tenants Have Triple-Net Leases with Two Percent Annual Rent Increases
  • Excellent Demographics: Five-Mile Daytime Population is 144,452 and Three-Mile Average Household Income is $90,651

Exclusively Listed By

Shopping Strip

First Financial Bank Center | Service-Oriented Retail Strip

Listing Price: $2,652,000

Cap Rate
7.20%
Gross SF
10,992
Rentable SF
10,992
Price/Gross SF
$241.27
Lot Size
1.36 acres
Year Built
2011

Investment Highlights

  • 100 Percent Occupied Six-Tenant Center Anchored by First Financial Bank – Tenant Operates 153 Locations in Four States with $1.33 Billon TTM Revenue, $22.8 Billion in Total Assets
  • Value-Add Opportunity – Four Tenants are on Month-to-Month Leases | Under Market Rents – $17.34 per Square Foot on Average | All Tenants Have Triple-Net Leases with Two Percent Annual Rent Increases
  • Excellent Demographics: Five-Mile Daytime Population is 144,452 and Three-Mile Average Household Income is $90,651

Investment Overview

100 Percent Occupied Six-Tenant Center Anchored by First Financial Bank – Tenant Operates 153 Locations in Four States with $1.33 Billon TTM Revenue, $22.8 Billion in Total Assets, and has Been in Business Over 160 Years | NASDAQ: FFBC Adjacent to Costco & The Promenade of Evansville Development on 215 Acres – The Only Planned Mixed-Use, Full-Scale Lifestyle Development in Southwest Indiana, Including a 220-Unit Luxury Apartment Complex Value-Add Opportunity – Four Tenants are on Month-to-Month Leases | Under Market Rents – $17.34 per Square Foot on Average | All Tenants Have Triple-Net Leases with Two Percent Annual Rent Increases Surrounded by Major Employers, Medical Offices, Retail Centers, Hotels, Restaurants and National Businesses Such As Shoe Carnival’s Corporate Headquarters (535 Employees), Furniture Row, Drury Inn & Suites, Spark by Hilton, Golden Corral, Chick-fil-A, Bubba’s 33, McDonalds, Walmart, The Home Depot, Sam’s Club, New Raising Cane’s and More Located a Quarter Mile North of Highly Traveled Lloyd Expy (53,430 Vehicles per Day), Evansville’s Main East-West Corridor | Less than One Mile from I-69 (55,822 Vehicles per Day) | Convenient Access to E Morgan Ave and Green River Road Frontage to Cross Pointe Blvd with 17,871 Vehicles per Day and Growing Due to a Plethora of Adjacent Development Evansville is the Largest Metro in Southern Indiana with 317,000 Residents and is the Economic Center of the Indiana-Kentucky-Illinois Tri-State Region, Serving a Trade Area of Over 520,000 Residents Pride of Ownership – The Building Offers Class A Stone Masonry Work, a Standing Seam Metal Roof, and a Concrete Parking Lot Excellent Demographics: Five-Mile Daytime Population is 144,452 and Three-Mile Average Household Income is $90,651

Exclusively Listed By

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