1016 Weinbach Ave Evansville, IN 47714

This exceptional investment opportunity presents a fully occupied, 12,884 square foot retail shopping center in Evansville, Indiana. Located on a high-traffic corner with over 25,000 cars daily, the property boasts eight tenants, all currently operating under double net (NN) leases. The 1-story, 1963-built building sits on a 1.22-acre lot and benefits from below-market rents, presenting a significant opportunity for future income growth. Projected rental increases are anticipated by the second quarter of 2025, further enhancing the property's already strong 8% pro-forma cap rate and $94,001 NOI. The strategic location near the University of Evansville and Benjamin Bosse High School ensures a consistent flow of customers and a stable tenant base. The property's strong tenant mix, including local businesses and national chains, creates excellent retail synergy. The current owner is motivated to sell this prime retail asset, offering a compelling return on investment in a thriving market with a 5-mile population exceeding 120,000 and an average household income of $59,828. This is a rare chance to acquire a well-established, high-performing retail center in a desirable location with significant upside potential. The asking price is $1,175,000, representing a price per square foot of $91.20.