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10655 Pendleton Pike
Indianapolis, IN 46236
Absolute Net Applebee's · Retail Property For Sale
Investment Highlights
- Absolute net lease - no landlord responsibilities - Recent 10-yr renewal. Rent increases 10% every five years including option periods
- Well-established 20-year occupancy at subject location
- Applebee’s has two access points including adjacent access to the primary signaled entrance to Walmart
- Apple American Group, LLC Guaranty. Apple American Group is the largest Applebee’s franchisee with 441 restaurants across 23 states
- Located on Walmart outlot. Walmart has operated at its location since 2002
- Dense surrounding populations of 7,726 within one, 67,557 within three miles, and 165,102 within five miles
Property Facts
Property Type
Retail
Property Subtype
Restaurant
Building Size
5,000 SF
Building Class
B
Year Built
2003
Tenancy
Single
Building Height
1 Story
Building FAR
0.11
Lot Size
1.09 AC
Zoning
C - Commercial
Amenities
- Air Conditioning
Property Taxes
| Parcel Number | 49-08-04-133-005.000-407 | Improvements Assessment | $482,700 |
| Land Assessment | $641,400 | Total Assessment | $1,124,100 |
Property Taxes
Parcel Number
49-08-04-133-005.000-407
Land Assessment
$641,400
Improvements Assessment
$482,700
Total Assessment
$1,124,100
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