Applebee's
4,738 SF | Retail Building | Frankfort, IN 46041 | $1,870,000 ($395/SF) | 6.15% Cap Rate
For Sale
Active
- Date Added:
- May 17, 2024
- Days on Market:
- 28 days
Asking Price $1,870,000
- Property Type
-
Retail, Restaurant
- Square Feet
- 4,738 SF
- Price / Square Foot
- $395
Listing Contacts
Deno Bistolarides
Verified Profile
Matthew Weber
Verified Profile
- Property Info
Property Overview
New 10 Year Lease Extension Commenced Dec 2023 - 8% Increase in Year 6
Absolute Net Lease - Zero Management Responsibilities Required
2023 Sales - $1,869,000 | 6.1% Rent-to-Sales Ratio
Tenant Recently Replacing The Parking Lot/Updating The Landscaping
Two (2), Five-Year Option Periods Featuring 10%Rental Increases
Apple American Group: Strong Lease Guarantor From The Largest Applebee's Franchisee With Over 460+ Locations in 23 States
Outparcel To A Walmart Supercenter | Additional National Tenants In The Immediate Area Include: Lowe’s, Rural King, McDonald's, Taco Bell, Anytime Fitness Amongst Others
Absolute Net Lease - Zero Management Responsibilities Required
2023 Sales - $1,869,000 | 6.1% Rent-to-Sales Ratio
Tenant Recently Replacing The Parking Lot/Updating The Landscaping
Two (2), Five-Year Option Periods Featuring 10%Rental Increases
Apple American Group: Strong Lease Guarantor From The Largest Applebee's Franchisee With Over 460+ Locations in 23 States
Outparcel To A Walmart Supercenter | Additional National Tenants In The Immediate Area Include: Lowe’s, Rural King, McDonald's, Taco Bell, Anytime Fitness Amongst Others
Property Details
- Class
- C
- Year Built
- 2002
- Stories
- 1
- Lot Size (sq. ft)
- 44,867 SF
Highlights
- New 10 Year Lease Extension Commenced Dec 2023 - 8% Increase in Year 6
- Absolute Net Lease - Zero Management Responsibilities Required
- Tenant Recently Replacing The Parking Lot/Updating The Landscaping
- Two (2), Five-Year Option Periods Featuring 10%Rental Increases
- Apple American Group: Strong Lease Guarantor From The Largest Applebee's Franchisee With Over 460+ Locations in 23 States
- Outparcel To A Walmart Supercenter | Additional National Tenants In The Immediate Area
Nearby Properties
Similar Properties
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