3401 Mt Vernon Ave Evansville, IN 47712

This exceptional investment opportunity presents a single-tenant, net-lease industrial property located at 3401 Mt Vernon Ave, Evansville, IN 47712. The property encompasses 17,360 square feet on a 4.9-acre lot, featuring two drive-in dock-high doors and a 22-foot clear ceiling height. The building is situated within a highly desirable M-3 industrial zoning district, boasting concrete and asphalt paved areas. Currently 100% occupied since May 19, 2023, the property is under a 10-year net lease (NN+) with a corporate guarantee from Brickworks Supply, LLC, a subsidiary of a $2.8 billion company with over $450 million in 2023 revenue. The lease, commencing May 19, 2023, and expiring May 31, 2033, includes two 5-year renewal options with 3% annual rent bumps. The property offers a stabilized investment with a strong 9.25% cap rate and a substantial net operating income (NOI) of $242,693. The Evansville, Indiana market exhibits a low 2% industrial vacancy rate, ensuring a secure and profitable investment. This property is ideal for investors seeking a passive income stream with minimal landlord responsibilities in a robust market with limited supply and strong tenant security. The asking price is $2,623,800.