Building Details

Tenancy Multi

Listing Agency: Marcus & Millichap - Columbus s***@ipausa.com Show Phone

Listed By: Craig Fuller · License #OH 2008001551

Source: Crexi

Added: Apr 10 Changed: Aug 8 Last Checked: Jul 22 at 5:02AM

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Investment Insights

Based on property information with market context.

Plaza East is a 192,377-square-foot retail shopping center anchored by Burlington Coat Factory, which occupies 80,027 square feet, or 42% of the total gross leasable area. The center is currently 97% occupied by a mix of national, regional, and local retailers and businesses.

The center’s junior anchors include Overstock Warehouse, Sky Zone Trampoline Park, and Tuesday Morning. Overstock Warehouse recently signed a brand new seven-year triple-net lease, and Sky Zone signed a ten-year lease into 2024. Burlington Coat Factory has been in place since 2002 and is leased into 2020 with multiple renewal options.

Additional tenants mentioned include Cato Fashions, Cici’s Pizza, and Ross Education. Ross operates as a medical education center with thirty-one locations across seven states.

Key Highlights

• 192,377 SF shopping center in Evansville, IN anchored by Burlington Coat Factory
• 97% occupied by a mix of national, regional, and local retailers and businesses
• Burlington occupies 80,027 SF (42% of total gross leasable area) and leases through 2020 with multiple renewal options

Property Analytics

Current Use

At Home Home Decor Store

Suggested Use

Top Pick HVAC Service Kitchen & Bath Showroom Electrical Service Plumbing Service Grocery & Convenience Store Garden Center

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

97%

Occupancy

Multi-tenant

Tenancy

Location Intelligence

Trade Area within ½ mile

956

Businesses Nearby

Well-served

Demand for This Use

Explore this area Business Placement

Demographics for 47715, IN

28,959

Population

14,451

Households

2

Avg Household Size

39

Median Age

29%

College-Educated

95%

High-School Grad

22.0 sq mi

ZIP Area

1,316

Density / Sq Mi

$59,821

Median Household Income

$40,137

Median Earnings

$1,009

Median Rent

$191,900

Median Home Value

Market

Vacancy Rate% for Retail in Midwest region

8% 2020

7.3% 2021

6.5% 2022

6% 2023

5.7% 2024

6.3% 2025

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Frequently Asked Questions

What type of property is this?

Shopping center - Plaza East is anchored by Burlington Coat Factory and is 97% occupied with multiple national and regional tenants.

Where is this shopping center located?

The property is located at 101 North Green River Road Evansville, IN.

What are key features of this property?

This property features: 192,377 SF shopping center in Evansville, IN anchored by Burlington Coat Factory; 97% occupied by a mix of national, regional, and local retailers and businesses; Burlington occupies 80,027 SF (42% of total gross leasable area) and leases through 2020 with multiple renewal options