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Conventional Restaurant Ground Lease
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771 E Lewis and Clark Pkwy, Clarksville, IN 47129

The property has operated as an Applebee’s location for more than 25 years.

Property SizeContact for details
Days on Market143

Property Features for 771 E Lewis and Clark Pkwy

General Information

Standard status Active
Property subtype Retail

Building Details

Tenancy Single
Listing Agency: Marcus & Millichap - San Diego
Listed By: Alvin Mansour · License #TX 0606255
Source: Crexi
Added: Apr 10 Changed: Aug 30 Last Checked: Aug 30 at 9:05AM

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 Marcus & Millichap - San Diego

Investment Insights

Based on property information with market context.

This conventional restaurant property is offered through a ground lease and has supported an Applebee’s operation for more than 25 years. The established restaurant occupancy is located at 771 E Lewis and Clark Pkwy in Clarksville, Indiana.

Key Highlights

  • Ground lease structure
  • More than 25 years of occupancy as an Applebee’s
  • 771 E Lewis and Clark Pkwy, Clarksville, IN 47129

Property Analytics

Current Use

Conventional restaurants

Suggested Use

Top Pick Real Estate Agency Law Firm Parking Lot & Garage Electrical Service HVAC Service Grocery & Convenience Store

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

Single-tenant
Tenancy

Location Intelligence

Trade Area within ½ mile

698
Businesses Nearby
Under-served
Demand for This Use

Demographics for 47129, IN

19,739
Population
9,382
Households
2.1
Avg Household Size
39
Median Age
17%
College-Educated
83%
High-School Grad
9.6 sq mi
ZIP Area
2,056
Density / Sq Mi
$55,447
Median Household Income
$36,592
Median Earnings
$1,027
Median Rent
$162,600
Median Home Value

Market

Vacancy Rate% for Retail in Midwest region

8% 2020
7.3% 2021
6.5% 2022
6% 2023
5.7% 2024
6.3% 2025
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Frequently Asked Questions

What type of property is this?
Conventional restaurant - The property has operated as an Applebee’s location for more than 25 years.
Where is this conventional restaurant located?
The property is located at 771 E Lewis and Clark Pkwy Clarksville, IN.
What are key features of this property?
This property features: Ground lease structure; More than 25 years of occupancy as an Applebee’s; 771 E Lewis and Clark Pkwy, Clarksville, IN 47129
(858) 373-3184 Call to check price and availability
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