PRICE REDUCED SEPTEMBER 2017 - Stand alone retail building with grocery tenant leased through 2019 and options running through 2029. Tenant is Houchens North Foods, LLC a subsidiary of Houchens Food Group which operates an IGA Grocery at this location. Tenant remodeled in 2012 and consolidated into a 25,000 SF footprint creating the potential for 9,375 SF of B-space with the addition of a new storefront. Asking price is 8.68% CAP based on just the Houchen's lease.

Located in the Jacobsville area of Evansville, just north of Downtown, this area is the current focus of a revitalization initiative and a $16.7M capital improvement project that is expected to increase property values, attract new businesses and additional private development in one of the most culturally significant parts of the City.

Location Description:

Located along the west side of Main Street 2 blocks north of the Lloyd Expressway.

Highlights:

>> Long term tenant is national grocery chain with renewal options through 2029

>> Located in high-density residential neighborhood

>> Significant downtown projects under construction will draw additional population and higher income households to urban core

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** This property also has spaces available for lease.