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

Matt Weber

Encore Real Estate Investment Services

Location

Getting Around

Walk Score ®
46/100 Car-Dependent
Bike Score ®
40/100 Somewhat Bikeable

Map
Street

City Frankfort, IN
Neighborhood Frankfort
Zip Code 46041
Market Lafayette

Points of Interest

Marathon

0.38 miles
Shell

0.43 miles
Speedway

0.89 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

2.10 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.

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