SVN | Martin Commercial Group in cooperation with Ten-X Auction is pleased to offer for sale this single tenant net leased Barnes & Noble property located in Evansville, IN.
The property sits at a stoplight hard corner in the major retail corridor of the region with North/South traffic counts exceeding 28k vehicles per day. This building has been home to Barnes & Noble since constructed in 1995. The 2-story structure has a brick/EIFS exterior and sits prominently at a busy intersection. Adjoining land was acquired shortly after construction bringing the total for this site to 3+ AC.
The 211 space parking lot was repaired, coated and striped in early 2016. Originally on a 15-year lease, B&N has exercised multiple 5-year renewals with the current term running to January 31st, 2023.
The lease is NNN with minimal landlord responsibilities. The auction begins December 10th and ends on December 12th, 2018. Bidders must register prior to the auction. To sign a confidentiality agreement and download due diligence materials, please go to www.10x.com/greenriverroad.
