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602 Fairview Blvd
Kendallville, IN 46755

$1,748,743 USD

Restaurant For Sale  •  4,755 SF

Property Details

  • Property Type Restaurant
  • Total Building Size 4,755 SF
  • Lot Size 1.42 AC
  • Building Class C
  • Year Built 2000
  • Cap Rate 7.00 %
  • Tenancy Single
  • Zoning C-1
0 Transit Score
28 Walk Score

Highlights

~4 years remaining on a Triple Net (NNN) Lease with zero landlord responsibilities.
Annual rent increases provide a healthy hedge against inflation.
Strong guarantee from RMH Franchise Holdings, currently operating over 130 restaurants across 14 states.
Applebee's is one of the world's largest casual dining brands, with over 1,512 locations in 16 countries.
Located off of E North Street, which sees over 16,684 VPD.
Kendallville, IN is 25 miles north of Fort Wayne, IN (population of over 270,000 people).
Cap Rate: 7.00 %

Major Tenants

Tenant SF Occupied Lease End Date
Applebee's 4,755 SF 9/30/2029

Public Transportation

AirportDriveWalkDistance
Fort Wayne International 62 min - 40.8 mi
Jordan Mulloy 512-768-0380 Sands Investment Group Austin, LLC
Jordan Mulloy 512-768-0380 Sands Investment Group Austin, LLC