1305 Grn Riv Rd Evansville, IN 47715-5615

This exceptional investment opportunity presents a fee-simple interest in a 6,028 square foot, single-story, freestanding animal hospital in Evansville, Indiana. The property, built in 2005, boasts a strong 8.25% cap rate and a substantial net operating income (NOI) of $129,415. Currently 100% occupied by a national veterinary hospital operator under a triple-net (NNN) lease with over 2.9 years remaining on the initial 7-year term, expiring October 31, 2027. The lease includes two five-year renewal options, demonstrating the tenant's long-term commitment. Rent increases annually at 2%, providing inflation protection and consistent NOI growth. The property features 30 parking spaces and is situated on a high-traffic thoroughfare (20,158 vehicles daily), with excellent visibility due to significant street frontage and a large pylon sign. Its prime location is surrounded by major retailers including The Home Depot, Target, Macy's, Kohl's, and Walgreens, benefiting from a dense population and high average household income within a 5-mile radius. The roof was replaced in May 2020. The property's proximity to several large apartment complexes and a major hospital further enhances its appeal and potential for sustained success. The asking price is $1,568,666 ($260.23/sq ft). This is a low-management, passive investment opportunity with significant upside potential. APN: 82-06-35-015-111.001-027.