Offering Memorandum

Investment Sale

Applebee’s Ground Lease

721 E Lewis & Clark Pkwy
Clarksville, Indiana

eCode:082i

Maxwell E. Lippitt

maxlippitt@landmarkcres.com

248.488.2620

Daniel H. Kukes

dkukes@landmarkcres.com

Jason M. Greenspan

jgreenspan@landmarkcres.com

Eli M. Neuman

eneuman@landmarkcres.com

Sales Price

$2,500,000

NOI

$150,000

Cap Rate

6.00%

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

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