2432 E Wabash St | Frankfort, IN 46041
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2432 E Wabash St
Frankfort, IN 46041
Applebee's · Retail Property For Sale
INVESTMENT HIGHLIGHTS
- New 10 Year Lease Extension Featuring an 8% Increase in Year 6
- Trailing 12 Month Sales - $1,858,000 | 6.2% Rent-to-Sales Ratio
- Two (2), Five (5) Year Option Periods Featuring 10% Rental Increases
- Monthly Rent Thru Dec 2023 is $12,811 - Buyer Will Collect $3K More Monthly Thru First Year of Ownership
- Tenant Has Committed To Replacing The ParkingLot/Updating The Landscaping
- Apple American Group: Strong Lease Guarantor From The Largest Applebee's Franchisee With Over 440 Locations
PROPERTY FACTS
Property Type
Retail
Property Subtype
Restaurant
Building Size
4,738 SF
Building Class
C
Year Built
2002
Tenancy
Single
Building Height
1 Story
Building FAR
0.11
Lot Size
1.03 AC
Zoning
C - Commercial
Parking
73 Spaces (15.41 Spaces per 1,000 SF Leased)
Frontage
176’ on East Wabash Street
AMENITIES
- Air Conditioning
PROPERTY TAXES
| Parcel Number | 12-10-12-100-007.000-021 | Improvements Assessment | $310,500 |
| Land Assessment | $158,900 | Total Assessment | $469,400 |
PROPERTY TAXES
Parcel Number
12-10-12-100-007.000-021
Land Assessment
$158,900
Improvements Assessment
$310,500
Total Assessment
$469,400
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