1420 Park Pl Clarksville, IN 47129
For Lease
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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.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2023Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.