Applebee's Restaurant
For Sale
Contact for pricing
3326 E Market St, Logansport, IN 46947
Operating under an absolute NNN lease with franchisee backing and multiple extension options.
Property SizeContact for details
Days on Market142
Property Features for 3326 E Market St
General Information
Standard status
Active
Property subtype
Retail
Occupancy
100%
Site & Location
Traffic Count
24,100 vehicles/day
Road Access
Yes
Building Details
Abandoned
No
Listing Agency:
SRS Real Estate Partners Chicago
(312) 279-5345
Listed By:
Sean Lutz · License #IL 475132482
Source:
Crexi
Added: Apr 11
Changed: Aug 30
Last Checked: Aug 30 at 1:39PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of SRS Real Estate Partners Chicago
Investment Insights
Based on property information with market context.
The fee-simple property includes the land and building occupied by an Applebee’s restaurant at 3326 E. Market St. in Logansport, Indiana. The lease is structured as absolute NNN, carries a franchisee guarantee, and has approximately 5 years remaining in its initial term. Four additional 5-year options are available, with 7.50% rent increases scheduled every 5 years during the initial term and at each option commencement.
The restaurant fronts E. Market Street, which records 24,100 VPD and provides a direct route toward Logansport’s business district. It is positioned as an outparcel of Cass Plaza shopping center, anchored by Martin’s Supermarket. Nearby retail includes Walmart Supercenter, The Home Depot, ALDI, Aaron’s, Rural King, Walgreens, Kroger, and AutoZone, creating a concentration of established commercial activity around the property.
The surrounding 5-mile trade area includes more than 25,700 residents, supporting the site’s restaurant-oriented commercial setting.
The restaurant fronts E. Market Street, which records 24,100 VPD and provides a direct route toward Logansport’s business district. It is positioned as an outparcel of Cass Plaza shopping center, anchored by Martin’s Supermarket. Nearby retail includes Walmart Supercenter, The Home Depot, ALDI, Aaron’s, Rural King, Walgreens, Kroger, and AutoZone, creating a concentration of established commercial activity around the property.
The surrounding 5-mile trade area includes more than 25,700 residents, supporting the site’s restaurant-oriented commercial setting.
Key Highlights
- Applebee’s restaurant property at 3326 E. Market St., Logansport, IN 46947
- Absolute NNN lease with approximately 5 years remaining
- Four 5‑year extension options
Property Analytics
Property Profile
Current Use
Lease Details
24,100 VPD
Traffic count
100%
Occupancy
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
300
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 46947, IN
28,295
Population
12,113
Households
2.3
Avg Household Size
40
Median Age
16%
College-Educated
84%
High-School Grad
190.3 sq mi
ZIP Area
149
Density / Sq Mi
$55,088
Median Household Income
$35,848
Median Earnings
$791
Median Rent
$110,300
Median Home Value
Market
Vacancy Rate% for Retail in Midwest region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Conventional restaurant - Operating under an absolute NNN lease with franchisee backing and multiple extension options.
Where is this conventional restaurant located?
The property is located at 3326 E Market St Logansport, IN.
What are key features of this property?
This property features: Applebee’s restaurant property at 3326 E. Market St., Logansport, IN 46947; Absolute NNN lease with approximately 5 years remaining; Four 5‑year extension options
