The property is leased to Spectrum cable, internet & cable TV service provider. The Time Warner had been in this location for several years and has a little over 2.5 years remaining on the original lease. There are also two 3-year options. The landlord is responsible for property taxes, insurance and structural maintenance. Tenant is responsible for other maintenance and any increases over base property tax.

The brick building consist of 2880 sf of office/showroom on the front ground floor, 2880 sf of office space on the 2nd floor, and 4392 sf of open warehouse space in the back, with a 24x24 mezzanine for extra storage. They have a fenced & gated gravel yard where they park their service vehicles. There are two 12x14 hi grade-level doors and one 10x10 grade-level door.

The office areas are cooled with 2 relatively new Carrier units and heated by a boiler. The warehouse has 2 overhead gas heaters. In the break room there is a new 40 gal. electric water heater, and ice machine and a refrigerator.

Location Description:

Conveniently located just 2 blocks from US Hwy. 41, the subject property is in the center of Evansville's industrial/commercial area.

Highlights:

>> National Credit Tenant

>> 12% CAP

>> Mixed Use Property

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