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Applebee's - Kendallville, IN 602 Fairview Blvd 4,755 SF Retail Building Kendallville, IN 46755 $1,748,743 ($367.77/SF) 7% Cap Rate
Investment Highlights
- ~4 years remaining on a Triple Net (NNN) Lease with zero landlord responsibilities.
- Strong guarantee from RMH Franchise Holdings, currently operating over 130 restaurants across 14 states.
- Located off of E North Street, which sees over 16,684 VPD.
- Annual rent increases provide a healthy hedge against inflation.
- Applebee's is one of the world's largest casual dining brands, with over 1,512 locations in 16 countries.
- Kendallville, IN is 25 miles north of Fort Wayne, IN (population of over 270,000 people).
Executive Summary
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
In Cooperation With Sands Investment Group Indiana, LLC - Lic. #RC52000211 BoR: Andrew Ackerman - Lic. IN #RB20001918
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Building Size
4,755 SF
Building Class
C
Year Built
2000
Price
$1,748,743
Price Per SF
$367.77
Cap Rate
7%
NOI
$122,412
Tenancy
Single
Building Height
1 Story
Building FAR
0.08
Lot Size
1.42 AC
Zoning
C-1
Major Tenants
- Tenant
- Industry
- SF Occupied
- Rent/SF
- Lease Type
- Lease End
- Applebee's
- Accommodation and Food Services
- 4,755 SF
- $25.74
- Triple Net
- Sep 2029
| Tenant | Industry | SF Occupied | Rent/SF | Lease Type | Lease End | |
| Applebee's | Accommodation and Food Services | 4,755 SF | $25.74 | Triple Net | Sep 2029 |
Nearby Major Retailers
Property Taxes
| Parcel Number | 570734400004000020 | Improvements Assessment | $678,700 |
| Land Assessment | $319,300 | Total Assessment | $998,000 |
Property Taxes
Parcel Number
570734400004000020
Land Assessment
$319,300
Improvements Assessment
$678,700
Total Assessment
$998,000
Contacts
-
Jordan Mulloy -
Will Schuhmacher -
Max Freedman -
Sands Investment Group Austin, LLC
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Applebee's - Kendallville, IN | 602 Fairview Blvd
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