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Applebee's Ground Lease

$2,500,000

721 East Lewis and Clark Parkway, Clarksville, IN 47129

Active
Last Updated: 07/23/2025

6

Cap Rate

150,000

NOI

Details:
Cap Rate:    6%
NOI:    $150,000
Building Size:    4,400 sqft
Lot Area:    0.32 acres
Occupancy:    100%
Lease Type:    Ground
Year Built:    1992
Tenancy:    Single
Highlights:
  • Corporate Lease Takeover with Immediate Extension
  • Publicly Traded Tenant with National Footprint
  • High-Performing Unit with Strong Sales
  • Passive Ground Lease with Structured Increases
  • Exceptional Visibility in Prime Retail Corridor
  • Strong Demographics & Regional Draw
Description:

Landmark Investment Sales is pleased to present the Applebee’s Ground Lease at Green Tree Mall in Clarksville, IN. Applebee’s has been operating at this location since 2011 and recently extended their lease through 2031. It is strategically positioned at Green Tree Mall with frontage along Lewis and Clark Parkway, allowing for excellent visibility and access. Green Tree Mall is located just off I-65 (100,799 CPD). It is southern Indiana’s only enclosed mall, with over 795,000 square feet and 80 tenants, including anchors Dillard’s, JC Penney and Furniture Fair.

Map:
Documents:
Title
082i_Applebee_s-Clarksville__IN-OM.pdf
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Location
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