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Prime Retail Space on Pearl
For Lease
$16 SF/Yr NNN

5625 Pearl Dr, Evansville, IN 47712

High-visibility retail space near Lloyd Expressway and USI campus.

Space Size1,867 SF - 2,200 SF
Property Size24,124 SF
Days on Market177

Property Features for 5625 Pearl Dr

General Information

Standard status Active
Size 1,867 SF - 2,200 SF
Class B
Property subtype Retail
Lease Term NNN

Building Details

Building Size 24,124 SF
Year Built 2001

Spaces For Lease

at 5625 Pearl Dr Contact us

Suite C $16/SF/Yr

Size
2,200 SF
Type
Office Space
Term
36 - 60 months
Contact us

Suite D $16/SF/Yr

Size
1,867 SF
Type
Office Space
Term
36 months
Contact us
Listing Agency: NAI Commercial Services
Listed By: Scott Hyatt, CCIM · License #KY #201456
Source: Naiglobal
Added: Feb 26 Changed: Aug 8 Last Checked: Aug 22 at 4:07AM

Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of NAI Commercial Services

Investment Insights

Based on property information with market context.

Located at 5625 Pearl Dr in Evansville, IN, this property presents an exceptional leasing opportunity for retail space. The property benefits from high visibility with prime frontage and signage along the Lloyd Expressway. It is easily accessible from Red Bank Road and Boehne Camp Road. The location is situated minutes from the USI campus, which has over 12,500 students and faculty. Area retailers include Super Walmart, Lowe’s, Home Depot, Schnucks Supermarket, AMC Theaters, and a host of other national and local retailers. Built-out office space is available for immediate occupancy. The NNN expense is $4.15 PSF.

Key Highlights

  • High visibility with prime frontage and signage along the Lloyd Expressway.
  • Convenient access from Red Bank Road and Boehne Camp Road.
  • Minutes from USI campus (over 12,500 students and faculty).

Property Analytics

Current Use

C Miles Construction, ... Construction Company Tri-State Orthopaedics - Evansville ... Medical Clinic ProRehab Physical & Occupational ... Physician Kaleb Hammersley Real Estate Agency Total Hip & Knee ... Physician

Suggested Use

Top Pick Law Firm Building Supply Real Estate Agency Auto Repair Shop Big Box & Wholesale Store Kitchen & Bath Showroom

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

NNN (Triple Net)
Lease Type

Location Intelligence

Trade Area within ½ mile

460
Businesses Nearby

Demographics for 47712, IN

24,895
Population
10,795
Households
2.3
Avg Household Size
35
Median Age
29%
College-Educated
93%
High-School Grad
62.7 sq mi
ZIP Area
397
Density / Sq Mi
$64,285
Median Household Income
$36,018
Median Earnings
$933
Median Rent
$173,500
Median Home Value

Market

Lease Benchmarks for Evansville, IN

$8.87 /SF/Yr
Avg Asking Price
$2.21–$16 /SF/Yr
Price Range
5,859 SF
Avg Space Size

This space is priced 80% above the average of $8.87 /SF/Yr.

Vacancy Rate% for Retail in Midwest region

8% 2020
7.3% 2021
6.5% 2022
6% 2023
5.7% 2024
6.3% 2025
Rey
Questions? Ask Rey
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Frequently Asked Questions

What type of property is this?
Retail space - High-visibility retail space near Lloyd Expressway and USI campus.
Where is this retail space located?
The property is located at 5625 Pearl Dr Evansville, IN.
What is the lease rate?
The lease rate is $16 SF/Yr.
What are key features of this property?
This property features: High visibility with prime frontage and signage along the Lloyd Expressway.; Convenient access from Red Bank Road and Boehne Camp Road.; Minutes from USI campus (over 12,500 students and faculty).
More about this property
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