Fully Leased NNN Retail Center in Prime West Evansville Location

Highlights

Description

SVN | The Martin Group is pleased to present 5225 Pearl Dr, a 15,250 SF multi-tenant retail center situated on 1.26 acres located in Evansville, IN. Constructed in 2000, this property boasts a 100% occupancy rate with established tenants under NNN leases, ensuring minimal landlord responsibilities. Notable tenants include Azzip Pizza, OneMain Financial, State Farm, and others, many of whom have maintained long-term occupancy, reflecting the center's stability and appeal.​

Strategically located in Evansville's thriving west side retail corridor, the center enjoys excellent visibility and access, surrounded by major national retailers such as Walmart Supercenter, The Home Depot, Lowe’s, Aldi, and Kohl’s. Additionally, the property is just minutes from the University of Southern Indiana, a campus of over 9,000 students, faculty, and staff, providing a strong customer base and steady demand for retail and service offerings.

This investment offers a projected capitalization rate of approximately 7.5%, based on an annual income of $195,363. This opportunity is ideal for investors seeking a stable, income-generating asset in a thriving retail market.

SVN | The Martin Group is pleased to present Suite A2 at 5225 Pearl Dr., a 2,250 SF retail space available for lease in a well-positioned, multi-tenant retail center on Evansville’s thriving west side. Constructed in 2000, the 15,250 SF shopping center is anchored by long-term tenants including Azzip Pizza, OneMain Financial, and State Farm, offering strong consumer draw and built-in traffic. Suite B provides an excellent opportunity for retail, service, or professional office users seeking visibility and convenience in a high-demand trade corridor.

Located directly in front of Walmart Supercenter and The Home Depot, this property benefits from 33,000+ ADT and sits within Evansville’s premier westside retail hub. Nearby retailers include Lowe’s, Aldi, Kohl’s, and numerous dining options, creating a highly trafficked destination for shoppers. Just minutes from the University of Southern Indiana, the center also serves a growing residential population of nearly 28,000 people within three miles.

5225 Pear Dr. is located on Evansville's Westside with nearly a 28,000 population living within 3 miles. The property also sits directly in front of Home Depot and Walmart.

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Units for Lease