602 Fairview Blvd - Restaurant FOR SALE


Kendallville, IN 46755
$1,748,743 USD
512-768-0380
602 Fairview Blvd, Kendallville, IN for Sale
$1,748,743 USD
Restaurant - FOR SALE
1/5
null | 7% Cap Rate

602 Fairview Blvd
Kendallville, IN 46755


HIGHLIGHTS

  • ~4 years remaining on a Triple Net (NNN) Lease with zero landlord responsibilities.
  • Annual rent increases provide a healthy hedge against inflation.
  • Strong guarantee from RMH Franchise Holdings, currently operating over 130 restaurants across 14 states.
  • Applebee's is one of the world's largest casual dining brands, with over 1,512 locations in 16 countries.
  • Located off of E North Street, which sees over 16,684 VPD.
  • Kendallville, IN is 25 miles north of Fort Wayne, IN (population of over 270,000 people).

OVERVIEW

Sands Investment Group is pleased to exclusively offer for sale a 4,755 SF Applebee’s located at 602 Fairview Boulevard in Kendallville, Indiana. The property is leased on a Triple Net (NNN) basis with ~4 years remaining, requiring zero landlord responsibilities. The lease includes annual rent increases, providing investors with a strong hedge against inflation and a secured, income-producing investment opportunity. In Cooperation With Sands Investment Group Indiana, LLC - Lic. #RC52000211 BoR: Andrew Ackerman - Lic. IN #RB20001918

FOR SALE DETAILS

PRICE

$1,748,743 USD

PRICE/SF

$368 USD /SF

CAP RATE

7%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Applebee's - Kendallville, IN

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Restaurant

ADD'L SUBTYPES

Fast Food, Storefront, Storefront Retail/Office

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2000

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

1.42 AC

LAND SF

61,812 SF

ZONING

C-1

APN/PARCEL ID

570734400004000020

ASK ABOUT THIS PROPERTY

Jordan MulloySands Investment Group Austin, LLCMore Info
512-768-0380

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Jordan MulloySands Investment Group Austin, LLCMore Info
512-768-0380

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