Applebee’s Absolute NNN
For Sale
Contact for pricing
4425 National Road East, Richmond, IN 47374
Freestanding restaurant investment with a long-term lease, scheduled escalations, and four renewal options.
Property SizeContact for details
Days on Market145
Property Features for 4425 National Road East
General Information
Standard status
Active
Property subtype
Retail
Building Details
Tenancy
Single
Listing Agency:
The Kase Group
(925) 348-1844
Listed By:
Kase Abusharkh · License #TX 708586
Source:
Crexi
Added: Apr 10
Changed: Aug 31
Last Checked: Aug 29 at 6:15PM
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 The Kase Group
Investment Insights
Based on property information with market context.
The fee simple interest in an Applebee’s restaurant at 4425 National Road East is subject to an absolute NNN lease with over 14 years remaining in the initial term. Contractual rent escalations provide for 7.5% increases every five years during the initial term, followed by 10% increases during each of four five-year option periods.
The property is positioned in Richmond’s retail hub, east of Richmond Square Mall. Surrounding retailers include Macy’s, Dillard’s, Best Buy, Party City, Aldi, Hobby Lobby, Menards, Kohl’s, Kroger, Chili’s, Olive Garden, and AMC. RMH Franchise Corporation, which operates 135 locations, is the tenant, and the store reports a 6.5% rent-to-sales ratio.
The property is positioned in Richmond’s retail hub, east of Richmond Square Mall. Surrounding retailers include Macy’s, Dillard’s, Best Buy, Party City, Aldi, Hobby Lobby, Menards, Kohl’s, Kroger, Chili’s, Olive Garden, and AMC. RMH Franchise Corporation, which operates 135 locations, is the tenant, and the store reports a 6.5% rent-to-sales ratio.
Key Highlights
- Absolute NNN lease with over 14 years remaining on the initial term
- 7.5% rent increases every five years during the initial term
- Four 5‑year option periods with 10% rent increases
Property Analytics
Property Profile
Current Use
Lease Details
Single-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
293
Businesses Nearby
344k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 42%
Dining 20%
Home Improvements & Furnishings 20%
Apparel 8%
Menards
Home Improvements & Furnishings
47,383 visits/mo
0.5 miles
Hobby Lobby
Shops & Services
38,408 visits/mo
0.2 miles
Five Below
Shops & Services
29,955 visits/mo
0.1 miles
Speedway
Shops & Services
26,710 visits/mo
0.2 miles
Buffalo Wild Wings
Dining
19,897 visits/mo
0.0 miles
Demographics for 47374, IN
45,304
Population
21,553
Households
2.1
Avg Household Size
41
Median Age
22%
College-Educated
88%
High-School Grad
119.8 sq mi
ZIP Area
378
Density / Sq Mi
$52,566
Median Household Income
$34,168
Median Earnings
$816
Median Rent
$121,800
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?
NNN property - Freestanding restaurant investment with a long-term lease, scheduled escalations, and four renewal options.
Where is this nnn property located?
The property is located at 4425 National Road East Richmond, IN.
What are key features of this property?
This property features: Absolute NNN lease with over 14 years remaining on the initial term; 7.5% rent increases every five years during the initial term; Four 5‑year option periods with 10% rent increases
