2432 E Wabash St - Restaurant FOR SALE
Frankfort, IN 46041 |
2432 E Wabash St
Frankfort, IN 46041
HIGHLIGHTS
- New 10 Year Lease Extension Featuring an 8% Increase in Year 6
- Monthly Rent Thru Dec 2023 is $12,811 - Buyer Will Collect $3K More Monthly Thru First Year of Ownership
- Trailing 12 Month Sales - $1,858,000 | 6.2% Rent-to-Sales Ratio
- Tenant Has Committed To Replacing The ParkingLot/Updating The Landscaping
- Two (2), Five (5) Year Option Periods Featuring 10% Rental Increases
- Apple American Group: Strong Lease Guarantor From The Largest Applebee's Franchisee With Over 440 Locations
FOR SALE DETAILS
PRICE
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CAP RATE
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% LEASED
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TENANCY
-
BUILDING DETAILS
PROPERTY NAME
Applebee's
PROPERTY TYPE
Retail
PROPERTY SUBTYPE
Restaurant
TOTAL BUILDING SIZE
4738
STORIES
1
YEAR BUILT
2002
SPRINKLERS
-
PARKING SPACES
73
LAND DETAILS
LAND ACRES
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LAND SF
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ZONING
-
APN/PARCEL ID
12-10-12-100-007.000-021
