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    12901 N Us Highway 41 Evansville, IN 47701

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    For Sale
    $2,356,345

    New 10-year NNN lease with corporate guaranty.

    Property size:
    3,864 SF
    Lot size:
    0.82 Acres

    Property Features for 12901 N Us Highway 41

    General Information

    Size
    3,864 SF
    Lot size
    0.82 Acres

    Source: Marcus & Millichap | Phoenix Agent Zack House

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

    Overview

    New Heartland Dental NNN Lease

    The property features a brand new 10-year absolute NNN lease with a corporate guaranty by Heartland Dental. It is located in Darmstadt Crossing Shopping Center, anchored by Schnucks Grocery Store. The lease includes 10 percent rental increases every five years. The property benefits from excellent visibility along US Highway 41, which sees over 24,000 vehicles per day. Its central location places it within 10 miles of Evansville Regional Airport, Downtown Evansville, and the University of Evansville. The surrounding area includes national tenants such as Schnucks, Wendy’s, Ace Hardware, CVS Pharmacy, and Valvoline, as well as several financial and banking institutions. The area boasts a high average annual income exceeding $152,000 within a one-mile radius. The property is situated within a growing trade area with over 159,700 residents and 189,000 daytime employees within a ten-mile radius, and a population projected to increase 3 – 4% by 2028. The property size is 3,864 square feet.
    Location Intelligence

    Current Use by Public Records

    Medical offices

    Map

    City
    Evansville
    County
    Vanderburgh
    State
    Indiana
    Longitude
    -87.5493708
    Latitude
    37.9245906

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    FAQs

    What type of property is this?
    Medical office - New 10-year NNN lease with corporate guaranty.
    Where is this medical office located?
    The property is located at 12901 N Us Highway 41 Evansville, IN.
    What is the asking price?
    The asking price for this property is $2,356,345.
    What are key features of this property?
    This property features: - Brand new 10-year absolute NNN lease with corporate guaranty by Heartland Dental; - Located in Darmstadt Crossing Shopping Center anchored by Schnucks Grocery Store; - 10 percent rental increases every five years
    (916) 532-6544
    Request Owner's contact information
    12901 N Us Highway 41 Evansville, IN 47701
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    Evansville, IN 47701
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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
    12901 N Us Highway 41 Evansville, IN 47701
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