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    N Grn Riv Rd -, Unit 3 Evansville, IN

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    For Sale
    $4,727,619

    New construction retail property with a 20-year absolute NNN lease.

    Lot size:
    6.58 Acres

    Property Features for N Grn Riv Rd -

    General Information

    Lot size
    6.58 Acres

    Source: Marcus & Millichap | San Diego Agent Alvin N. Mansour

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    New Retail Property For Sale

    This is a newly constructed retail property featuring a 20-year absolute NNN lease. The lease includes strong 2% annual increases. The property is situated in a densely populated area and benefits from a strong daytime employment hub. Its location is directly across from Meijer and Menards. The property qualifies for accelerated depreciation.
    Location Intelligence

    Current Use by Public Records

    NNN properties

    Map

    City
    Evansville
    County
    Vanderburgh
    State
    Indiana
    Longitude
    -87.5699999
    Latitude
    37.97

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    FAQs

    What type of property is this?
    NNN property - New construction retail property with a 20-year absolute NNN lease.
    Where is this nnn property located?
    The property is located at N Grn Riv Rd -, Unit 3 Evansville, IN.
    What is the asking price?
    The asking price for this property is $4,727,619.
    What are key features of this property?
    This property features: - Rare 20 Year Absolute NNN Lease; - Strong 2% Annual Increases, providing a solid investment.; - Brand New Construction
    (858) 373-3184
    Request Owner's contact information
    N Grn Riv Rd -, Unit 3 Evansville, IN
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    Evansville, IN
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    N Grn Riv Rd -, Unit 3 Evansville, IN
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