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Property profile

1420 Park Pl Clarksville, IN 47129

FOR LEASE
Turn key restaurants
Property ID
US31-2031935
6,132 SF 1.46 ac lot Built 1998
Entity Owned Absentee Owner Free & Clear

Property summary

AI-generated overview

This exceptional 6,132 square foot restaurant space, formerly an Outback Steakhouse, presents a unique opportunity for a discerning operator. Located on Broadway, this single-tenant property boasts an incredible location with high-rise signage visible from I-65, ensuring maximum brand exposure. The property benefits from its strategic position between Lewis & Clark Parkway (30,000+ ADT) and Veterans Parkway (40,000+ ADT), guaranteeing high traffic volume and significant foot traffic. The space is fully equipped with a complete kitchen and bar, eliminating the need for extensive upfront investment. The current lease is $8,500 per month, offering immediate operational potential. The property is available for lease or potential sale. Adding to its appeal, three adjacent land parcels are also available for purchase, providing opportunities for expansion or development. This turnkey restaurant space offers immediate occupancy and significant upside potential in a high-traffic, high-visibility location. The 1.5-acre lot provides ample space for outdoor seating or additional development. This is an exceptional opportunity to establish or relocate your restaurant business in a prime location.

Property profile

Verified
Property type Turn key restaurants
Use group RESTAURANT
Year built 1998
Total area 6,132 SF
Lot 1.46 ac (63,728 SF)
APN 10-14-03-200-039.000-011
UPID US31-2031935

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$310k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$310k

Owner & transaction history

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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More about this property
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