Leased Mexican Restaurant
For Sale
Contact for pricing
990 S Green River Rd, Evansville, IN 47715
Mexican restaurant building on a signalized hard-corner with strong visibility along South Green River Road.
Property Size11,565 SF
Lot Size1.47 Acres
Days on Market116
Property Features for 990 S Green River Rd
General Information
Standard status
Active
Size
11,565 SF
Lot size
1.47 Acres
Property subtype
Retail
Additional Details
Traffic Count
30,000 vehicles/day
Building Details
Tenancy
Single
Listing Agency:
Hahn Kiefer Real Estate
(812) 477-6980
Listed By:
Ryan Black · License #RB21000455
Source:
Crexi
Added: Apr 24
Changed: Aug 8
Last Checked: Jul 23 at 12:10PM
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 Hahn Kiefer Real Estate
Investment Insights
Based on property information with market context.
Hacienda Mexican Restaurant is an 11,565-square-foot restaurant building positioned on approximately 1.47 acres at the signalized hard-corner of Washington Avenue and South Green River Road. The property benefits from strong street presence, with exposure to nearly 30,000 cars per day along South Green River Road. The restaurant has operated at this location for a 40-year history.
Hacienda sits as an outparcel to the Schnucks-anchored shopping center that also includes tenants such as Planet Fitness, Dollar Tree, Pet Supplies Plus, and Midwest Furniture, with Big Lots and Ruler Foods nearby in the adjacent center.
The property is offered as a ground lease investment. Hacienda’s current lease was extended more than six years early in March 2021 with a ten-year extension, and the lease is set to expire on November 23, 2037, leaving more than fifteen years remaining. The lease includes five percent rent increases every five years in the base term and in each of the four, five-year renewal options. The ground lease structure is described as having zero responsibility for the landlord.
Hacienda sits as an outparcel to the Schnucks-anchored shopping center that also includes tenants such as Planet Fitness, Dollar Tree, Pet Supplies Plus, and Midwest Furniture, with Big Lots and Ruler Foods nearby in the adjacent center.
The property is offered as a ground lease investment. Hacienda’s current lease was extended more than six years early in March 2021 with a ten-year extension, and the lease is set to expire on November 23, 2037, leaving more than fifteen years remaining. The lease includes five percent rent increases every five years in the base term and in each of the four, five-year renewal options. The ground lease structure is described as having zero responsibility for the landlord.
Key Highlights
- 11,565 SF Mexican restaurant building on ~1.47 acres at the signalized hard‑corner of Washington Ave and S Green River Rd.
- Near 30,000 cars per day exposure along S Green River Rd, with strong frontage and visibility.
- Ground lease: landlord responsibility is stated as zero responsibility per the listing.
Property Analytics
Property Profile
Current Use
Lease Details
30,000 VPD
Traffic count
Single-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
1,592
Businesses Nearby
Under-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
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Conventional restaurant - Mexican restaurant building on a signalized hard-corner with strong visibility along South Green River Road.
Where is this conventional restaurant located?
The property is located at 990 S Green River Rd Evansville, IN.
What are key features of this property?
This property features: 11,565 SF Mexican restaurant building on ~1.47 acres at the signalized hard‑corner of Washington Ave and S Green River Rd.; Near 30,000 cars per day exposure along S Green River Rd, with strong frontage and visibility.; Ground lease: landlord responsibility is stated as zero responsibility per the listing.
