Successful Northside Strip Center–Chase Plaza

Retail-Commercial for Sale
Catylist Listing ID: 30046562
Property Subtypes: Mixed Use
Building Size (RSF): 12,484 SF
Gross Building Area: See Agent
Sale Price: $1,500,000
Unit Price: $120.15 PSF
Property Use Type: Net Leased Investment (NNN), Investment
Building Name: Chase Plaza
Usable Size (USF): 12,484 SF
Sale Terms: Cash to Seller
Cap Rate: 8.0%
Average Occupancy Rate: 67
Last Updated: 8/11/2017

Overview / Comments

Located adjacent to Schnuck’s Darmstadt Crossing on the corner of US 41 and Boonville-New Harmony Road. Excellent visibility. Anchored by Wendy’s and Pizza Hut, plus Spuds-N-Stuff, Salad World, and Bella Spa. CVS, Rocca Bar, German American Bank, ETFCU and Los Tres Caminos are nearby. Upside potential with 4000 SF available for your business or a new tenant.

Current Tenants

Tenant Business Name Wendy's Hamburgers
SF of Space Occupied 2,164 SF
Tenant Business Name Pizza Hut
SF of Space Occupied 1,472 SF
Tenant Business Name Spudz-N-Stuff
Tenant Business Name Salad World
SF of Space Occupied 1,368 SF
Tenant Business Name Bella Spa
SF of Space Occupied 1,440 SF

Additional Details

Nearest MSA: Evansville
County: Vanderburgh
Taxing Authority: Vanderburgh County
Tax ID/APN: 82-04-17-009-352.002-030
Zoning: C-4
Retail Clientele: General
Property Located Between: US 41 N and Boonville-New Harmony Rd at 4-way intersection
Largest Nearby Street: US 41 North
Highway Access: Just off US 41 North at 4-way intersection
Airports: Evansville Airport
Tenancy: Multiple Tenants
Total Number of Buildings: 1
Property Condition: Excellent
Roof Type: Flat
Construction/Siding: Brick
Exterior Description: Brick with stucco
Total Parking Spaces: 60
Parking Type: Surface
Zoning Description: C-4
Water Service: Municipal
Sewer Type: Municipal

Demographic Statistics

Proximity: 3 miles 5 miles
Total Population: 18,006 35,737
Median Age: 41.37 40.48
Households: 6,689 13,669
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