Applebee’s Freestanding
9883 E US HWY 36, Avon, IN 46123
For Sale
Contact for pricing
The net-leased restaurant occupies a 1.6-acre site along US Hwy 36 in Avon.
Property Size4,997 SF
Lot Size1.60 Acres
Price / SF$398.47
Days on Market21
Property Features for 9883 E US HWY 36
General Information
Standard status
Size
Lot size
Property subtype
Site & Location
Traffic Count
Highway Access
Road Access
Additional Details
Tenant in Place
Building Details
Buildings
Tenancy
Listing Agency:
Meta CRE LLC
Listed By:
Jon Jurhs · License #RB15001173
Source:
Crexi
Added: Oct 20
Changed: Nov 8
Last Checked: Nov 8 at 3:10PM
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 Meta CRE LLC
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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
Applebee’s operates from a freestanding 4,997-square-foot restaurant on a 1.6-acre parcel at 9883 E. US Hwy 36 in Avon, Indiana. The property has a renewed lease with approximately 5.75 years remaining. Applebee’s has operated at this location for nearly two decades.
The site fronts US Hwy 36, where the cited traffic volume is approximately 39,618 vehicles per day. Nearby national retailers include Walmart, Costco, Target, and Meijer.
The site fronts US Hwy 36, where the cited traffic volume is approximately 39,618 vehicles per day. Nearby national retailers include Walmart, Costco, Target, and Meijer.
Key Highlights
- Freestanding Applebee’s restaurant with 4,997 SF of building area
- 1.6‑acre site at 9883 E. US Hwy 36 in Avon, IN
- Renewed lease with approximately 5.75 years remaining
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$64,491
Cap Rate
3.24%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,289,820
$1.3M
Cap Rate 7%
$921,300
$921.3K
Cap Rate 9%
$716,567
$716.6K
Market Conditions
NOI Build-Up for 4,997 SF
Gross rent
$89.9K $18.00/SF
− Vacancy
−$4.0K −$0.79/SF
EGI
$86.0K $17.21/SF
− OpEx
−$21.5K −$4.30/SF
NOI
$64.5K $12.91/SF
Area
Hendricks County, IN
Vacancy
4.40%
Lease Rate
$18.00 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,289,820
Cap Rate 7%
$921,300
Cap Rate 9%
$716,567
Alternative Uses
Best Use
Specialty Retail
$921.3K
$806.1K – $1.07M
NOI $64,491 @ 7.0% cap · market cap 3.24%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.25M
$1.10M – $1.46M
NOI $87,806 @ 7.0% cap · market cap 4.41%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Current Use
Lease Details
39,618 VPD
Traffic count
Single-tenant
Tenancy
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
432
Businesses Nearby
813k
Monthly Visits Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Dining 25%
Shops & Services 24%
Apparel 18%
Superstores 14%
Target
Superstores
116,823 visits/mo
0.3 miles
Texas Roadhouse
Dining
42,171 visits/mo
0.4 miles
DICK'S Sporting Goods
Apparel
40,953 visits/mo
0.4 miles
Hobby Lobby
Shops & Services
39,906 visits/mo
0.4 miles
Marshalls
Apparel
39,443 visits/mo
0.3 miles
Demographics for 46123, IN
40,788
Population
16,543
Households
2.5
Avg Household Size
39
Median Age
40%
College-Educated
94%
High-School Grad
28.6 sq mi
ZIP Area
1,426
Density / Sq Mi
$102,989
Median Household Income
$51,285
Median Earnings
$1,467
Median Rent
$293,000
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Retail in Midwest region
Frequently Asked Questions
What type of property is this?
Conventional restaurant - The net-leased restaurant occupies a 1.6-acre site along US Hwy 36 in Avon.
Where is this conventional restaurant located?
The property is located at 9883 E US HWY 36 Avon, IN.
What is the asking price?
The asking price for this property is $1,991,176.
What are key features of this property?
This property features: Freestanding Applebee’s restaurant with 4,997 SF of building area; 1.6‑acre site at 9883 E. US Hwy 36 in Avon, IN; Renewed lease with approximately 5.75 years remaining
