3148 S Western Ave - Restaurant FOR SALE


Marion, IN 46953
$2,222,222 USD
317-408-0886
3148 S Western Ave, Marion, IN for Sale
$2,222,222 USD
Restaurant - FOR SALE
1/9
null | 6.3% Cap Rate

3148 S Western Ave
Marion, IN 46953


OVERVIEW

Applebee’s (Flynn Restaurant Group) has signed a 15-year Absolute NNN lease, providing zero landlord responsibilities. Located in the county seat of Grant County, the property occupies a signalized hard-corner outlot to Walmart Supercenter and benefits from exceptional visibility, 25,697 ADT, and strong co-tenants including IHOP, Fazoli’s, Starbucks, and Taco Bell. After operating in Marion since 1995, Applebee’s relocated to this premier retail corridor, where the restaurant has performed exceptionally well since opening in March, further demonstrating the strength of the location and the brand’s long-term commitment to the market.

FOR SALE DETAILS

PRICE

$2,222,222 USD

PRICE/SF

$415 USD /SF

CAP RATE

6.3%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Restaurant

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1991

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

1.34 AC

LAND SF

58,370 SF

ZONING

-

APN/PARCEL ID

27-06-13-800-007.002-008

ASK ABOUT THIS PROPERTY

Jon BannisterVeritas RealtyMore Info
317-408-0886

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Jon BannisterVeritas RealtyMore Info
317-408-0886

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