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 FT on US 231
PROPERTY TAXES
| Parcel Number | 54-10-08-200-057.000-030 | Improvements Assessment | $306,300 |
| Land Assessment | $632,800 | Total Assessment | $939,100 |
