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Applebee's

$1,643,000

2432 E Wabash Street, Frankfort, IN 46041

Active
Last Updated: 02/19/2025

7

Cap Rate

115,000

NOI

Details:
Cap Rate:    7%
NOI:    $115,000
Building Size:    4,738 sqft
Lot Area:    1.03 acres
Occupancy:    100%
Year Built:    2002
Highlights:
  • 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 440 Locations
  • 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
  • 20,000 People Within 5 Miles of Subject Property
  • 5 Mile Average Household Income Exceeds $62,000
Description:

Applebee's Frankfort

Applebee's Frankfort IN

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