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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
7.19%
Gross SF
10,992
Rentable SF
10,992
Price/Gross SF
$241.27
Lot Size
1.36 acres
Year Built
2001

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 – Three Tenants are on Month-to-Month Leases | Under Market Rents – $17.34 per Square Foot on Average | All Tenants Have NNN Leases with 2 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 VPD), Evansville’s Main East-West Corridor | Less than One Mile from I-69 (55,822 VPD) | 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 – Three Tenants are on Month-to-Month Leases | Under Market Rents – $17.34 per Square Foot on Average | All Tenants Have NNN Leases with 2 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
7.19%
Gross SF
10,992
Rentable SF
10,992
Price/Gross SF
$241.27
Lot Size
1.36 acres
Year Built
2001

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 – Three Tenants are on Month-to-Month Leases | Under Market Rents – $17.34 per Square Foot on Average | All Tenants Have NNN Leases with 2 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 – Three Tenants are on Month-to-Month Leases | Under Market Rents – $17.34 per Square Foot on Average | All Tenants Have NNN Leases with 2 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 VPD), Evansville’s Main East-West Corridor | Less than One Mile from I-69 (55,822 VPD) | 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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