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Evansville Retail Space For Lease
For Lease
$17.50 SF/Yr NNN

5435 Pearl Dr, Evansville, IN 47712

Thriving shopping center in Evansville's Westside retail district.

Space SizeContact for details
Days on Market175

Property Features for 5435 Pearl Dr

General Information

Standard status Active
Property subtype Retail

Building Details

Year Built 2000
Listing Agency: NAI Commercial Services
Listed By: Scott Hyatt, CCIM · License #KY #201456
Source: Naiglobal
Added: Mar 6 Changed: Jul 6 Last Checked: Aug 26 at 6:18AM

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.

Eagle Plaza is a shopping center situated on Pearl Drive, across from AMC Theaters, in the heart of Evansville’s Westside retail district. Current tenants include Palm Beach Tan, Crumbl Cookies, Osaka Japanese Hibachi & Sushi, Commonwealth Pain & Spine, Westside Smoke Shop, Pearle Vision, Pretty Nails, and Buffalo Wild Wings. The property offers high visibility with frontage and signage along the Lloyd Expressway. It is easily accessible from Red Bank Road and Boehne Camp Road and is located minutes from the USI campus, which has over 12,500 students and faculty. Area retailers include Super Walmart, Lowe’s, Home Depot, Schnucks Supermarket, and AMC Theaters, along with a host of other national and local retailers. NNN expenses are $4.10 per square foot.

Key Highlights

  • High visibility with frontage/signage along the Lloyd Expressway.
  • Located in the heart of Evansville’s Westside retail district.
  • Thriving shopping center with diverse tenants including Palm Beach Tan, Crumbl Cookies, Osaka Japanese Hibachi & Sushi, and Buffalo Wild Wings.

Property Analytics

Current Use

Crumbl - Evansville Westside Bakery Dr. Jason Lewis, ... Physician Dr. Jenna Dismore, ... Physician Dr. James Jackson, ... Physician Westside Smoke Shop (Bike/Boat/Book/etc) Store

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
Balanced
Demand for This Use

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

$15.5 /SF/Yr
Avg Asking Price
$7–$21 /SF/Yr
Price Range
6,532 SF
Avg Space Size

This space is priced 13% above the average of $15.5 /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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Similar Off Market Nearby

  • Red Bank Commons 222 S Red Bank Rd, Evansville, IN 47712
  • University Village 4801 w lloyd expy, evansville, in 47712

Frequently Asked Questions

What type of property is this?
Shopping center - Thriving shopping center in Evansville's Westside retail district.
Where is this shopping center located?
The property is located at 5435 Pearl Dr Evansville, IN.
What is the lease rate?
The lease rate is $17.50 SF/Yr.
What are key features of this property?
This property features: High visibility with frontage/signage along the Lloyd Expressway.; Located in the heart of Evansville’s Westside retail district.; Thriving shopping center with diverse tenants including Palm Beach Tan, Crumbl Cookies, Osaka Japanese Hibachi & Sushi, and Buffalo Wild Wings.
More about this property
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