Freestanding QSR
4650 University Dr Evansville, IN 47712
4650 University Dr, Evansville, IN, 47712
$2,171,232
For Sale
$2,171,232
Freestanding QSR with a drive-thru and a corporately guaranteed absolute NNN lease featuring renewal options.
Property Size3,263 SF
Price / SF$665.41
Days on Market111
Property Features for 4650 University Dr
General Information
- Standard status
- Active
- Size
- 3,263 SF
- Property subtype
- Restaurant
Listing agency
(317) 218-5325
Listed by
Madison K. Harman · License #License(s): IN: RB14052326
(317) 218-5325
Source
Marcusmillichap
Added: Apr 3 Updated: Jul 22 at 5:14AM Checked: Jul 22 at 5:14AM
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 Madison K. Harman
Investment Insights
Based on property information with market context.
Freestanding QSR with a drive-thru configuration, offered for sale on an absolute NNN basis. The lease is corporately guaranteed by Arby’s Restaurant Group (Inspire Brands) and includes three, five-year renewal options, with 7.5 years remaining. Rental increases are scheduled at eight percent every five years and within the renewal options.
The property is positioned in West Evansville’s main retail corridor along Lloyd Expressway, described as having exposure to a combined 28,664 vehicles per day. The asset is surrounded by national retailers including McDonald’s, Chick-fil-A, Walmart, Home Depot, Lowe’s, Shnuck’s Grocery, Aldi, Kohl’s, Starbucks, Chipotle, Culver’s, Verizon, T-Mobile, Olive Garden, Panera Bread, CVS Pharmacy, Taco Bell, O’Reilly Auto Parts, AutoZone, and Valvoline.
The site is located near University of Southern Indiana’s main campus and across from Progressive Health headquarters and medical offices with 500+ employees, with Peyton Manning Children’s Hospital also noted nearby.
The property is positioned in West Evansville’s main retail corridor along Lloyd Expressway, described as having exposure to a combined 28,664 vehicles per day. The asset is surrounded by national retailers including McDonald’s, Chick-fil-A, Walmart, Home Depot, Lowe’s, Shnuck’s Grocery, Aldi, Kohl’s, Starbucks, Chipotle, Culver’s, Verizon, T-Mobile, Olive Garden, Panera Bread, CVS Pharmacy, Taco Bell, O’Reilly Auto Parts, AutoZone, and Valvoline.
The site is located near University of Southern Indiana’s main campus and across from Progressive Health headquarters and medical offices with 500+ employees, with Peyton Manning Children’s Hospital also noted nearby.
Key Highlights
- Freestanding QSR with drive‑thru and a corporately guaranteed absolute NNN lease
- Arby’s Restaurant Group (Inspire Brands) lease includes 7.5 years remaining plus three, 5‑year renewal options
- 8% rental increases every five years and in the renewal options
Property Analytics
Location Intelligence
Current Use by Public Records
Arby's
Restaurant
Similar For Sale Nearby
FAQs
What type of property is this?
Drive through restaurant - Freestanding QSR with a drive-thru and a corporately guaranteed absolute NNN lease featuring renewal options.
Where is this drive through restaurant located?
The property is located at 4650 University Dr Evansville, IN.
What is the asking price?
The asking price for this property is $2,171,232.
What are key features of this property?
This property features: Freestanding QSR with drive‑thru and a corporately guaranteed absolute NNN lease; Arby’s Restaurant Group (Inspire Brands) lease includes 7.5 years remaining plus three, 5‑year renewal options; 8% rental increases every five years and in the renewal options
