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8425 Broadway
Merrillville, IN 46410
Applebee's - RMH Franchise (135 Units) · Retail Property For Sale

Property Facts

Property Type
Retail
Property Subtype
Restaurant
Building Size
5,898 SF
Building Class
B
Year Built
1996
Tenancy
Single
Building Height
1 Story
Building FAR
0.07
Lot Size
1.87 AC
Zoning
R33
Parking
80 Spaces (10 Spaces per 1,000 SF Leased)
Frontage
235’ on Broadway

About 8425 BROADWAY , MERRILLVILLE, IN 46410

Marcus & Millichap is pleased to present the opportunity to acquire the fee simple interest (land and building ownership) in an absolute NNN leased, Applebee's investment property located in Merrillville, Indiana. The lease is guaranteed by RMH Franchise Holdings, Inc., a 135 restaurant operator. There are just over five years remaining on the lease. The lease has zero landlord responsibilities, making it a management-free investment. RMH Franchise Corporation has over 7,000 team members, and serves 545,000 guests weekly in 15 states. RMH is the second-largest Applebee's franchisee worldwide. Merrillville is a town in Ross Township, Lake County, Indiana. Merrillville is in east-central Lake County, in the Chicago metropolitan area. Merrillville enjoys great diversity in housing, residents, and culture. It is rich with business districts that support the 35,000 residents and 12,000 individual households. It is estimated that during any given weekday, the population of Merrillville grows to over 100,000 due to shoppers and workers throughout the town. Merrillville has become the crossroads of the county as it has the popular I-65 that runs through most of the town as well as the U.S. Route 30. BROKER OF RECORD JOSH CARUANA Regional Manager, Indianapolis Lic. # RB14034355

Property Taxes

Property Taxes

Parcel Number
45-12-22-351-003.000-030
Land Assessment
$1,261,100
Improvements Assessment
$638,900
Total Assessment
$1,900,000
  • Listing ID: 17027529

  • Date on Market: 8/25/2019

  • Last Updated:

  • Address: 8425 Broadway, Merrillville, IN 46410

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