top of page
1016Weinbach47714-25 - Aerial & Front Cover.jpg
Metro Plaza (Evansville, IN)
1016 S Weinbach Ave | Evansville, Indiana 47714
Cover Metro Plaza with words.jpg
Property Summary
  • Price: $1,000,000
  • CAP Rate: 7.35% 
  • Leasable Area: 12,884 SF
  • Status: Available
  • NOI: $73,478 / Year
Investment Highlights
  • Below market rents of current at $8.00 per square foot and local market 1-3 star neighborhood strip center are at $12.00 - $13.00 per square foot. Highly replaceable rents

  • 100% Occupied neighborhood strip center with local Market Tenant

  • Tenant Mix is non-credit and mom/pop providing local market servicing which increase business profitability for tenant

  • Majority of Tenants have expressed interest in extending leases to provide credibility to the area

  • Evansville is the third largest city, by volume, in Indiana.

  • Desirability and credibility to the future success of tenants with a 5 mile population exceeding 120,000 people and an average household income of $59,828

  • Property is located on a signalized hard corner with traffic counts exceeding 25,000 cars per day | This demonstrates credibility to the local market success of a neighborhood strip center

  • Less than One (1.0) mile away from Benjamin Bosse High School which is a local neighborhood high school with an enrollment of 1,000 students and faculty

  • Near University of Evansville Indiana is a Four (4) year public college university with an endowment of more than $100 million and a student and faculty enrollment of more than 3,000

  • Premium Traffic Counts at 25,000 VPD


Neil Naran

Phone:  (909) 456-3476

Mobile: (949) 842-9202


Lic. # 02025512

See Our

Deals  & Reports First

The Naran Group of Marcus & Millichap is a net lease investment group. Marcus & Millichap is the most dominant brokerage group in the country with more than 80+ offices and nearly 2,000 agents throughout the US and Canada. Marcus & Millichap currently closes more transactions than any other firm. 

bottom of page