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1516 S Washington St
Crawfordsville, IN 47933
Applebee's · Retail Property For Sale
Investment Highlights
- Absolute Triple Net (NNN) Lease With Zero Landlord Responsibilities
- 7.5% Rent Increases Every 5 Years
- Long-Term Operating History; Tenant Has Been at This Site Since 1996
- 5 Years Remaining on a Value-Add Opportunity Through the Lease Extension
- Apple American Group is the Largest Applebee’s Franchisee in the Nation
- Easily Adaptable Building Which Allows For Several Alternative Uses
Property Facts
Property Type
Retail
Property Subtype
Building Size
5,096 SF
Building Class
B
Year Built
1996
Tenancy
Single
Building Height
1 Story
Building FAR
0.07
Lot Size
1.76 AC
Zoning
B-3-General Business Dist
Frontage
278’ on US 231
Property Taxes
| Parcel Number | 54-10-08-200-057.000-030 | Improvements Assessment | $281,500 |
| Land Assessment | $632,800 | Total Assessment | $914,300 |
Property Taxes
Parcel Number
54-10-08-200-057.000-030
Land Assessment
$632,800
Improvements Assessment
$281,500
Total Assessment
$914,300
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