Freddy's & Moe's Anchored
For Sale
Contact for pricing
5501 Pearl Dr, Evansville, IN 47712
Two-tenant retail center undergoing renovation with new long-term NNN restaurant leases.
Property Size6,122 SF
Days on Market144
Property Features for 5501 Pearl Dr
General Information
Standard status
Active
Size
6,122 SF
Property subtype
Retail
Additional Details
Anchor Co-Tenants
Freddy’s Custards & Steakburgers, Moe’s Southwest Grill
Building Details
Year Built
2001
Buildings
1
Tenancy
Multi
Listing Agency:
Marcus & Millichap - Indianapolis
(317) 218-5329
Listed By:
Nathan Whalen · License #IN AB21402364
Source:
Crexi
Added: Apr 11
Changed: Aug 31
Last Checked: Aug 30 at 3:20PM
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 Marcus & Millichap - Indianapolis
Investment Insights
Based on property information with market context.
This 6,122-square-foot shopping center is being remodeled into a two-tenant restaurant property occupied by Freddy’s Custards & Steakburgers and Moe’s Southwest Grill. The building was originally constructed as a build-to-suit in 2001 and is supported by new triple-net leases. Freddy’s lease runs for 15 years through June 30, 2034, while Moe’s lease extends for 10 years through December 31, 2029. Each tenant reimburses its pro-rata share of property taxes, common area maintenance, and insurance.
The center occupies an outlot position alongside AMC Theatre, The Home Depot, and a Walmart Supercenter, with Lowe’s Home Improvement across the street. Its address at 5501 Pearl Dr in Evansville, Indiana places the property along West Lloyd Expressway, within a retail setting that includes numerous national operators and destination-oriented businesses.
The center occupies an outlot position alongside AMC Theatre, The Home Depot, and a Walmart Supercenter, with Lowe’s Home Improvement across the street. Its address at 5501 Pearl Dr in Evansville, Indiana places the property along West Lloyd Expressway, within a retail setting that includes numerous national operators and destination-oriented businesses.
Key Highlights
- 6,122‑square‑foot shopping center being remodeled for two restaurant tenants
- New 15‑year Freddy’s lease expires June 30, 2034
- New 10‑year Moe’s lease expires December 31, 2029
Property Analytics
Property Profile
Current Use
Lease Details
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
460
Businesses Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
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
Vacancy Rate% for Retail in Midwest region
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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 - Two-tenant retail center undergoing renovation with new long-term NNN restaurant leases.
Where is this shopping center located?
The property is located at 5501 Pearl Dr Evansville, IN.
What are key features of this property?
This property features: 6,122‑square‑foot shopping center being remodeled for two restaurant tenants; New 15‑year Freddy’s lease expires June 30, 2034; New 10‑year Moe’s lease expires December 31, 2029
