Applebee's

2432 E Wabash Street, Frankfort, IN 46041

  • For Sale $1,797,000
  • Property Type Retail - Freestanding
  • Property Size 4,738 SF
  • Lot Size 1.03 Acre
  • Additional Rent Contact for pricing
  • Property Tenancy Single Tenant
  • Year Built 2002
  • Date Updated Jul 23, 2024
Applebee's Frankfort INApplebee's Frankfort

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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

Contacts

broker

Matt Weber

Encore Real Estate Investment Services

Location

Getting Around

  • Walk Score ®

    46/100 Car-Dependent

  • Bike Score ®

    40/100 Somewhat Bikeable
Powered by Walk Score ®
  • City Frankfort, IN
  • Neighborhood Frankfort
  • Zip Code 46041
  • Market Lafayette

Points of Interest

  • Marathon

    0.38 miles

  • Shell

    0.43 miles

  • Marathon

    1.83 miles

  • Marathon

    5.52 miles

  • Bob's Mart

    5.82 miles

  • Valero

    8.93 miles

  • BP

    9.12 miles

  • Taco Bell

    0.09 miles

  • KFC

    0.70 miles

  • McDonald's

    0.73 miles

  • Wendy's

    0.79 miles

  • Pizza Hut

    0.83 miles

  • Pepe's

    1.67 miles

  • Aldi

    0.09 miles

  • Walmart Supercenter

    0.14 miles

  • Ruler Foods

    0.89 miles

  • IGA

    2.09 miles

Frequently Asked Questions

How much does Applebee's cost?

The space currently listed for sale at Applebee's asks for $1,797,000.

What is the total square footage of Applebee's?

Applebee's totals 4,738 square feet.

When was this property built?

Applebee's was built in 2002.

Looking for more in-depth information on this property?

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Contact Listing Broker

broker

Matt Weber

Encore Real Estate Investment Services