2403 E Wabash St - Fast Food FOR SALE


Frankfort, IN 46041
$2,529,730 USD
312-548-6822
2403 E Wabash St, Frankfort, IN for Sale
$2,529,730 USD
Fast Food - FOR SALE
1/7
null | 5.25% Cap Rate

2403 E Wabash St
Frankfort, IN 46041


HIGHLIGHTS

  • Long-Term Over 20 Year Occupancy
  • Attractive Rent Increases
  • Strong Operator
  • Zero Landlord Responsibilities
  • Outstanding Location
  • Indianapolis MSA

OVERVIEW

Horvath & Tremblay is pleased to present the exclusive opportunity to purchase a single tenant Taco Bell located at 2403 E Wabash St in Frankfort, Indiana (the “Property”). The Property is improved by a 2,209 square foot building on a 1.45-acre parcel of land with a drive through. Taco Bell has been at this location since 2006, executing multiple lease extensions, demonstrating their commitment to the site and market. Taco Bell has over 4.5 years remaining on their Absolute NNN Lease with two (2), 5-year renewal options. The lease calls for attractive 2% rent increases at the beginning of each year remaining on the original lease term. Taco Bell is strategically positioned along E Wabash Street in Frankfort, Indiana, one of the city’s primary commercial corridors and commuter thoroughfares. The Property benefits from strong visibility, convenient access, and exposure to approximately 13,200 vehicles per day along Wabash Street, positioning Taco Bell to capture consistent daily traffic from local residents, commuters, and students. The Property is situated directly across from major shopping and service destinations, including Walmart Supercenter and ALDI, as well as Frankfort High School and Frankfort Middle School, which serve as significant traffic generators. The surrounding retail corridor also includes Applebee’s, Arby’s, Burger King, Papa John’s, Murphy USA, Regions Bank, and Shell, creating a concentrated mix of national retailers, restaurants, financial services, and convenience-oriented businesses that reinforce the area as Frankfort’s primary commercial hub. Additionally, Taco Bell’s drive-thru, late-night operating hours, and delivery service further enhance its ability to capture customers throughout the day and evening.

FOR SALE DETAILS

PRICE

$2,529,730 USD

PRICE/SF

$1,145 USD /SF

CAP RATE

5.25%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Taco Bell

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Fast Food

ADD'L SUBTYPES

Freestanding, Restaurant

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1995

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

1.45 AC

LAND SF

63,162 SF

ZONING

Commercial

APN/PARCEL ID

12-10-12-326-003.000-021

ASK ABOUT THIS PROPERTY

Jack CollinsHorvath & TremblayMore Info
312-548-6822

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Jack CollinsHorvath & TremblayMore Info
312-548-6822

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.