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SUN AUTO TIRE | 20 YR ABS. NNN | 2% INCREASES 2801 N Green River Rd 6,553 SF Retail Building Evansville, IN 47715 $6,513,713 CAD ($994.00 CAD/SF) 6.30% Cap Rate
INVESTMENT HIGHLIGHTS
- Rare 20 Year Absolute Net Lease (Zero Landlord Obligations) featuring 2% Annual Rental Increases throughout the Initial Term and Options.
- Sun Auto is Majority Owned by Private Equity Firm Leonard Green & Partners - which handles more than $75 Billion of Assets.
- Sun Auto Tire & Service is the Fastest Growing, Top-10 Independent Tire Dealer in the Nation, with over 465 Stores Operating under Multiple Brands.
- Located along Evansville’s Busiest Retail Corridor - Positioned on North Green River Road, one of the City’s Highest Traffic Retail Corridors.
- Significant Tax Benefits - Subject Property Qualifies for Tax Savings via Accelerated Depreciation and Cost Segregation.
- Located in a Strong Daytime Employment Hub - The Surrounding Corridor Supports more than 30k Daytime Employees in Medical, Retail, etc.
EXECUTIVE SUMMARY
Sun Auto Tire (Plaza Tire Service) | Rare 20 Year Absolute NNN Lease | Strong 2% Annual Increases | Brand New Construction | Densely Populated Area | w/in Strong Daytime Employment Hub | Directly Across from Meijer and Menards | Qualifies for Accelerated Depreciation
Indiana Broker of Record: Josh Caruana | 600 East 96th St., Ste. 500 Indianapolis, IN 46240 | P: (317) 218-5300 | Lic #: RB14034355 | Josh.Caruana@MarcusMillichap.com
Indiana Broker of Record: Josh Caruana | 600 East 96th St., Ste. 500 Indianapolis, IN 46240 | P: (317) 218-5300 | Lic #: RB14034355 | Josh.Caruana@MarcusMillichap.com
PROPERTY FACTS
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Building Size
6,553 SF
Building Class
B
Year Built
2025
Price
$6,513,713 CAD
Price Per SF
$994.00 CAD
Cap Rate
6.30%
NOI
$410,364 CAD
Tenancy
Single
Building Height
1 Story
Building FAR
0.16
Lot Size
0.96 AC
MAJOR TENANTS
- TENANT
- INDUSTRY
- SF OCCUPIED
- RENT/SF
- LEASE TYPE
- LEASE END
- Sun Auto Plaza Tire
- Retailer
- 6,553 SF
- -
- Triple Net
- Jan 2045
| TENANT | INDUSTRY | SF OCCUPIED | RENT/SF | LEASE TYPE | LEASE END | |
| Sun Auto Plaza Tire | Retailer | 6,553 SF | - | Triple Net | Jan 2045 |
NEARBY MAJOR RETAILERS
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SUN AUTO TIRE | 20 YR ABS. NNN | 2% INCREASES | 2801 N Green River Rd
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