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2432 E Wabash St
Frankfort, IN 46041

Price Upon Request

Restaurant For Sale  •  4,738 SF

Property Details

  • Property Type Restaurant
  • Total Building Size 4,738 SF
  • Lot Size 1.03 AC
  • Building Class C
  • Year Built 2002
  • Tenancy Single
  • Zoning C
0 Transit Score
45 Walk Score

Highlights

New 10 Year Lease Extension Commenced Dec 2023 - 8% Increase in Year 6
Absolute Net Lease - Zero Management Responsibilities Required
2023 Sales - $1,869,000 | 6.1% Rent-to-Sales Ratio
Tenant Recently Repaired The Parking Lot and Updated The Landscaping
Two (2), Five-Year Option Periods Featuring 10% Rental Increases
Apple American Group: Strong Lease Guarantor From The Largest Applebee's Franchisee With Over 460+ Locations in 24 States

Amenities

  • Air Conditioning

Parking Details

Parking Available: Yes
Reserved: No
Spaces Provided: 73
Type: Surface
Included in Rent: Yes