5225 Pearl Drive

For Lease

5225 Pearl Dr, Evansville, IN 47712

You can currently find 2 retail space(s) available for lease at 5225 Pearl Drive. Designated use type for space listed here includes strip. Current retail listings at this property total 4,150 square feet. Lease type options include NNN. Expand the listing and property details below for additional information on leasing opportunities at 5225 Pearl Drive.

Space Available For Lease 2

Contacts

Chris Stuard

SVN | The Martin Group

Property Details

  • Property Type Retail - Strip
  • Property Size 15,250 SF
  • Units 10
  • Lot Size 1.26 Acre
  • Property Tenancy Multi-Tenant
  • Year Built 2000
  • Date Updated Apr 25, 2026
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 Suite A2 at 5225 Pearl Dr., a 2,250 SF retail space available for lease in a well-positioned, multi-tenant retail center on Evansville’s thriving west side. Constructed in 2000, the 15,250 SF shopping center is anchored by long-term tenants including Azzip Pizza, OneMain Financial, and State Farm, offering strong consumer draw and built-in traffic. Suite B provides an excellent opportunity for retail, service, or professional office users seeking visibility and convenience in a high-demand trade corridor. Located directly in front of Walmart Supercenter and The Home Depot, this property benefits from 33,000+ ADT and sits within Evansville’s premier westside retail hub. Nearby retailers include Lowe’s, Aldi, Kohl’s, and numerous dining options, creating a highly trafficked destination for shoppers. Just minutes from the University of Southern Indiana, the center also serves a growing residential population of nearly 28,000 people within three miles.
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Highlights

  • 2 retail spaces available (Suite A2 & B)
  • 33,000+ vehicles per day on Pearl Dr.
  • Located in front of Walmart & The Home Depot
  • Strong co-tenancy with established national and regional brands

Attachments

Getting around

  • 61/100

    Walk Score ®

  • 48/100

    Bike Score ®

Powered by Walk Score ®

Location

  • City Evansville, IN
  • Zip Code 47712

Points of Interest

  • On The Fly

    0.42 miles

  • Thornton's

    0.67 miles

  • Walmart

    3.99 miles

  • Shell

    4.94 miles

  • Circle K

    6.09 miles

  • Chuckle's

    6.11 miles

  • Thorntons

    6.63 miles

  • Kangaroo Gas Station

    6.83 miles

  • Spudz 'n' Stuff

    0.01 miles

  • Panera Bread

    0.04 miles

  • O'Charley's

    0.08 miles

  • Fazoli's

    0.10 miles

  • Buffalo Wild Wings

    0.11 miles

  • Denny's

    0.12 miles

  • Hacienda

    0.17 miles

  • Show Me's

    0.17 miles

  • Sonic

    0.23 miles

  • Hot Head Burritos

    0.26 miles

  • Walmart Supercenter

    0.23 miles

  • Schnucks

    0.49 miles

  • ALDI

    0.70 miles

  • Kohl's

    0.85 miles

  • Walmart Neighborhood Market

    3.94 miles

  • Target

    4.39 miles

  • Simpson's

    5.61 miles

  • Save-A-Lot

    6.22 miles

  • Priceless Foods

    7.15 miles

  • Dillard's

    7.78 miles

5225 Pearl Dr Listing Brief

  • A property’s location contributes to the asking rent almost as much as its characteristics do. For instance, central urban locations with high walkability or suburban locations with ample parking and easy access by car will claim higher rents but offer superior access to your customer base. Likewise, the quality of the building systems and property finishes have a significant impact on how businesses can conduct their activity there, as well as on the experience of their customers.

    Retail space at 5225 Pearl Drive asks $14.25/SF/YR per square foot.

  • The property includes 4,150 square feet of retail space for lease. Of this total, 4,150 square feet are Strip.

    Lease agreement conditions for the availability at this property include NNN.

    For more information or to schedule a tour of the property, use the convenient contact form on this page to get in touch with a representative.

  • You should keep in mind that different areas gradually build a reputation as hotspots or desirable corridors for shopping, eating, or other entertainment and consumer activities. So, while renting retail space in an area with a well-established high-end reputation might mean more customers that are more willing to spend, it will also place you in a more competitive environment.

Contact Listing Broker
Chris Stuard

SVN | The Martin Group

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