Offering Memorandum
Investment Sale
Applebee’s Ground Lease
721 E Lewis & Clark Pkwy
Clarksville, Indiana
Clarksville, Indiana
eCode:082i
Sales Price
$2,307,692
NOI
$150,000
Cap Rate
6.50%
Building Size
4,400 SF
Lot Size
0.32 AC
Year Built
1992
Traffic Count
E Lewis and Clark Pkwy (11,895 CPD)
US-31 (69,362 CPD)
Highlights
- Corporate Lease Takeover with Immediate Extension
- Publicly Traded Tenant with National Footprint
- High-Performing Unit with Strong Sales
- Passive Ground Lease with Structured Increases
- Exceptional Visibility in Prime Retail Corridor
- Strong Demographics & Regional Draw
| Radius | 1 mile | 3 mile | 5 mile |
| Population Density | 8,135 | 65,868 | 175,396 |
| Household Income | $80,462 | $78,738 | $78,981 |
| Daytime Pop | 4,680 | 31,217 | 123,431 |
SIMILAR PROPERTIES
Single-Tenant
39700 MacKenzie Dr
Novi, Michigan
Unpriced | 56,429 SF
Novi, Michigan
Unpriced | 56,429 SF
