5225 Pearl Drive

5225 Pear Dr. is located on Evansville's Westside with nearly a 28,000 population living within 3 miles. The property also sits directly in front of Home Depot and Walmart.SVN | The Martin Group is pleased to present 5225 Pearl Dr, a 15,250 SF multi-tenant retail center situated on 1.26 acres located in Evansville, IN. Constructed in 2000, this property boasts a 100% occupancy rate with established tenants under NNN leases, ensuring minimal landlord responsibilities. Notable tenants include Azzip Pizza, OneMain Financial, State Farm, and others, many of whom have maintained long-term occupancy, reflecting the center's stability and appeal.​ Strategically located in Evansville's thriving west side retail corridor, the center enjoys excellent visibility and access, surrounded by major national retailers such as Walmart Supercenter, The Home Depot, Lowe’s, Aldi, and Kohl’s. Additionally, the property is just minutes from the University of Southern Indiana, a campus of over 9,000 students, faculty, and staff, providing a strong customer base and steady demand for retail and service offerings. This investment offers a projected capitalization rate of approximately 7.5%, based on an annual income of $195,363. This opportunity is ideal for investors seeking a stable, income-generating asset in a thriving retail market.SVN | The Martin Group is pleased to present for lease 5225 Pearl Drive on the Westside of Evansville, IN. This shopping center is well located on Evansville's Westside submarket with over 33,000+ ADT along the Lloyd Expressway and over 11,000 ADT along Pearl Dr. Suite B is 1,900 SF with an open entrance perfect for a showroom. Join a bustling retail submarket including Walmart, Home Depot, Azzip Pizza, OneMain Financial, Panera Bread, AMC, Old National Bank, McAlister's and many others.