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: 1/18/2019

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

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Demographic Statistics

Proximity: 3 miles 5 miles
Total Population: 18,006 35,737
Median Age: 41.37 40.48
Households: 6,689 13,669
The information presented herein is provided as is, without warranty of any kind. Neither Kentucky Commercial Real Estate Alliance nor Catylist Real Estate Software, Inc. assume any liability for errors or omissions.