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2300 Covert Ave 7,000 SF of Retail Space Available in Evansville, IN 47714
Space Availability (1)
Display Rental Rate as
- Space
- Size
- Ceiling
- Term
- Rental Rate
- Rent Type
| Space | Size | Ceiling | Term | Rental Rate | Rent Type | |
| 1st Floor | 7,000 SF | 12’ - 13’ | Negotiable | $17.68 CAD/SF/YR $1.47 CAD/SF/MO $123,788 CAD/YR $10,316 CAD/MO | Triple Net (NNN) |
1st Floor
Prime Retail Location at Signalized Intersection and outstanding opportunity for a strong local operator. This highly visible retail building has delivered consistently strong sales for decades. Ideal for food, liquor, grocery, or general retail use. Ownership is open to providing tenant improvements for the right operator.
- Lease rate does not include utilities, property expenses or building services
- Space is in Excellent Condition
- Finished Ceilings: 12’ - 13’
- #1 densest ZIP in Evansville metro Top 10%
- Prominent 30' pylon sign along Covert Ave
- Signalized hard corner with dominant visibility
- Adjacent to CVS Pharmacy and Dollar General
- C-4 zoning is the widest range of commercial uses
- Open layout for food, liquor, medical, or retail
Rent Types
The rent amount and type that the tenant (lessee) will be responsible to pay to the landlord (lessor) throughout the lease term is negotiated prior to both parties signing a lease agreement. The rent type will vary depending upon the services provided. For example, triple net rents are typically lower than full service rents due to additional expenses the tenant is required to pay in addition to the base rent. Contact the listing broker for a full understanding of any associated costs or additional expenses for each rent type.
1. Full Service: A rental rate that includes normal building standard services as provided by the landlord within a base year rental.
2. Double Net (NN): Tenant pays for only two of the building expenses; the landlord and tenant determine the specific expenses prior to signing the lease agreement.
3. Triple Net (NNN): A lease in which the tenant is responsible for all expenses associated with their proportional share of occupancy of the building.
4. Modified Gross: Modified Gross is a general type of lease rate where typically the tenant will be responsible for their proportional share of one or more of the expenses. The landlord will pay the remaining expenses. See the below list of common Modified Gross rental rate structures: 4. Plus All Utilities: A type of Modified Gross Lease where the tenant is responsible for their proportional share of utilities in addition to the rent. 4. Plus Cleaning: A type of Modified Gross Lease where the tenant is responsible for their proportional share of cleaning in addition to the rent. 4. Plus Electric: A type of Modified Gross Lease where the tenant is responsible for their proportional share of the electrical cost in addition to the rent. 4. Plus Electric & Cleaning: A type of Modified Gross Lease where the tenant is responsible for their proportional share of the electrical and cleaning cost in addition to the rent. 4. Plus Utilities and Char: A type of Modified Gross Lease where the tenant is responsible for their proportional share of the utilities and cleaning cost in addition to the rent. 4. Industrial Gross: A type of Modified Gross lease where the tenant pays one or more of the expenses in addition to the rent. The landlord and tenant determine these prior to signing the lease agreement.
5. Tenant Electric: The landlord pays for all services and the tenant is responsible for their usage of lights and electrical outlets in the space they occupy.
6. Negotiable or Upon Request: Used when the leasing contact does not provide the rent or service type.
7. TBD: To be determined; used for buildings for which no rent or service type is known, commonly utilized when the buildings are not yet built.
Property Facts
| Total Space Available | 7,000 SF | Gross Leasable Area | 7,000 SF |
| Property Type | Retail | Year Built | 2001 |
| Property Subtype | Freestanding | Parking Ratio | 5.97/1,000 SF |
| Total Space Available | 7,000 SF |
| Property Type | Retail |
| Property Subtype | Freestanding |
| Gross Leasable Area | 7,000 SF |
| Year Built | 2001 |
| Parking Ratio | 5.97/1,000 SF |
About the Property
Property Highlights Prime Retail Location at Signalized Intersection, an outstanding opportunity for a strong local operator. This highly visible retail building has delivered consistently strong sales for decades. Ideal for food, liquor, grocery, or general retail use. Ownership is open to providing tenant improvements for the right operator. #1 population density in Evansville metro (4,155/mi²) Signalized hard corner with dominant visibility Prominent 30' pylon sign along Covert Ave Adjacent to CVS Pharmacy and Dollar General Large private parking lot with ample spaces Heavy power availability (400+ amp service) C-4 zoning — widest range of commercial uses Open layout for food, liquor, medical, or retail TI allowance available for the right operator Market Highlights 3rd largest metro in Indiana (358,676 pop) Major corporate HQs: Berry Global (NYSE: BERY), Old National Bancorp (NASDAQ: ONB), OneMain Holdings (NYSE: OMF), Shoe Carnival (NASDAQ: SCVL), Escalade (NASDAQ: ESCA) USI (9,489 students), U of Evansville (2,109), Ivy Tech (4,400+)
Nearby Major Retailers
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2300 Covert Ave
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