1600 Green River RdEvansville, IN 47715

For Sale
Call for price

High-Traffic Convenience Store, Great Returns

Overview

Added:
Dec 11, 2024
Days on market:
92
This thriving Evansville, Indiana convenience store and gas station, built in 2023, offers a unique investment opportunity. Located at 1600 S Green River Rd, this 3,002 square foot facility sits on a 0.622-acre lot and boasts 8 gas pumps. August 2024 inside sales reached $95,000, demonstrating strong performance in a short timeframe since its January 2024 opening. The property benefits from high daily traffic counts of approximately 8,500 vehicles on Covert Ave and 10,000 on S Green River Rd, ensuring consistent customer flow. Its strategic location is surrounded by residential areas and is conveniently close to shopping centers, including Eastland Mall just 2 miles away. A significant advantage is the lucrative 10.5-cent-per-gallon gas rebate commission, separate from fuel sales profit margins, significantly boosting profitability. The lease is for 10 years with 5-year renewal options and a 10% rent increase every 5 years

Highlights

  • Brand new (2023) 3,002 SF convenience store and gas station in Evansville, IN.
  • Located on a 0.62-acre lot at 1600 S Green River Rd with 8 gas pumps.
  • Achieved $95,000 in inside sales in August 2024 (opened January 2024).
  • High traffic counts: ~8,500 vehicles/day on Covert Ave and ~10,000 vehicles/day on S Green River Rd.
  • Excellent location near residential areas and Eastland Mall (2 miles).
  • Lucrative 10.5-cent/gallon gas rebate commission.

Property Details for 1600 Green River Rd

Property type
Other retail properties, Individual retail properties
Square Feet
3,002 SF
Year Built
2023
Lot Size (sq. ft)
27,094 SF

Location Insight

City
Evansville
County
Vanderburgh
State
Indiana
Latitude
37.9546105
Longitude
-87.4923499
1600 Green River Rd, Evansville, Indiana

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1600 Green River Rd
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