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12105 N Executive Drive - Max & Erma's, Edinburgh, IN

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12105 N Executive Drive - Max & Erma's

Edinburgh, IN 46124-9280

Property Type:Retail Sub Type:Restaurant Status:Existing Year Built:2003
Building Size:5,867 SF Land Area:1.33 AC (57,935 SF)
For Sale Price:$2,098,450 Price/SF:$357.67
Cap Rate:6.50 %
Parking:132 Surface spaces are available
Features:Air Conditioning, Out Parcel, Pylon Sign, Signage

Sale Notes:
Subject property is a 5,867-square foot Max & Erma' s restaurant located in Edinburgh, Indiana. The site has 132 parking spaces on a 1.33 acre lot. Max & Erma' s has 10+ years remaining on a NNN lease with three, five-year options to renew. There are rental increases of 10 percent every five years of the lease term as well as during the option periods. American Blue Ribbon Holdings, LLC, the eighth largest restaurant holding company in the country recently sold all 51 locations to Glacier Restaurant Group (GRG) but continues to guarantee the lease. GRG operates four other chains and employs over 600 people across the
United States.

Max & Erma' s is well located in front of Edinburgh Premium Outlets in Edinburgh, Indiana, approximately 35 miles south of Indianapolis. The Outlets are a Simon owned property with 85 outlet stores including Adidas, American Eagle, Banana Republic, Calvin Klein, Coach, DKNY, Gap, J. Crew, Michael Kors, Nike, Polo Ralph Lauren, Tommy Hilfiger and more. Edinburgh Premium Outlets does not have a food court, allowing Max & Erma' s to benefit from hungry shoppers. Surrounding the property are major national retailers.

SVN The Kase Group
Michael Paez
(415) 688-4273

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