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    Franklin, IN Restaurants for Sale

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    Chili's Restaurant with NNN Lease
    Updated: Aug 28
    Chili's Restaurant with NNN Lease

    2299 N Morton St, Franklin, IN 46131

    $2,528,909
    5,856 sqft
    5,856‑square‑foot Chili’s Grill & Bar restaurant at 2299 N Morton St
    1.56‑acre outpad along the U.S. Route 31 retail corridor
    27,300+ AADT reported on U.S. Route 31
    Triple‑net ground lease with more than four years remaining
    Four five‑year renewal options with a 10 percent rent increase at each option
    View details
    Corporate-Backed Drive-Thru Restaurant Ground Lease
    Updated: May 14
    Corporate-Backed Drive-Thru Restaurant Ground Lease

    2490 N Morton St, Franklin, IN 46131

    $3,000,000
    New 15‑year corporate‑backed Chick‑fil‑A ground lease
    Absolute NNN lease structure
    Next generation double‑stack drive‑thru concept
    Premier A+ signalized hard corner location
    Shadow anchored by the new Meijer Grocery Center and Lowe’s at Franklin Commons
    View details
    Turn a Listing Into an Investment Snapshot Cap Rate, Potential NOI, Demand score for every listing. Go To Analytics Center
    Based on your search, we've compiled 43 Potential Opportunities for your consideration. Besides 2 Active listings in Franklin, IN, we suggest exploring several alternatives: 4 properties in Nearby Cities, and similar 33 Off-Market properties to explore as potential leads, plus 4 Land Listings that present a potential for development.

    Opportunities in Nearby Cities

    Here are 4 Similar properties we found in Nearby Locations for your consideration.

    Dual-Tenant Drive-Through Retail Investment
    Dual-Tenant Drive-Through Retail Investment

    718 US 31 S, Greenwood, IN 46142

    $2,836,364
    2,709 sqft 1.12 AC lot

    NNN retail asset with Subway and Biggby Coffee, plus a leased parking lot, recently remodeled for modern food-and-beverage use.

    View details
    Applebee's Ground-Leased Restaurant
    Applebee's Ground-Leased Restaurant

    874 S State Rd 135, Greenwood, IN 46142

    Contact for pricing
    5,058 sqft

    Applebee's ground lease runs through May 31, 2029, with the property leased to Flynn Group.

    View details
    Dutch Bros Drive-Thru NNN Investment
    Dutch Bros Drive-Thru NNN Investment

    8525 S Emerson Avenue, Indianapolis, IN 46237

    Contact for pricing
    950 sqft

    Newly constructed Dutch Bros drive-thru on an absolute NNN lease with zero landlord responsibilities and contractual rental increases.

    View details
    7 Brew Absolute NNN Property
    7 Brew Absolute NNN Property

    4604 E County Line Rd, Indianapolis, IN 46237

    Contact for pricing

    Newly constructed coffee property backed by a long-term lease with scheduled extension options.

    View details

    Potential Development Sites for Consideration

    Can't find the perfect fit? These Land listings present an alternative path: the potential to develop a property for your specific goals.

    Important: These AI-suggestions are a starting point, not a guarantee of permitted use. All zoning, permitting, and land use information must be independently verified by you with the appropriate local authorities before making any commitments.

    Commercial Development Land
    Commercial Development Land

    Wysscraft Lane, Martinsville, IN 46151

    $5,800,000
    10.00 AC lot

    Development tract with B2 and B3 zoning, electrical utilities on site, and other utilities near the property.

    View details
    White River Commercial Land
    White River Commercial Land

    4440 State Road 37 N, Martinsville, IN 46151

    $6,800,000
    29.87 AC lot

    Multiple zoning designations and on-site electrical utilities support a range of commercial land uses.

    View details
    Corner Lot for Development
    Corner Lot for Development

    5300 Southeastern Avenue, Indianapolis, IN 46203

    $54,900
    0.38 AC lot

    Buildable lot with no HOA and seller financing availability in Indianapolis, zoned C1/C2.

    View details
    Commercial Land with Frontage
    Commercial Land with Frontage

    3049 Kentucky Avenue, Indianapolis, IN 46221

    $275,000
    0.53 AC lot

    Two adjoining parcels offer a compact commercial development site with public sewer service and Kentucky Avenue access.

    View details

    Off-Market Properties in Franklin, IN

    Consider similar Off-Market properties in Franklin, IN. You may contact the owners directly to inquire about their potential intentions to sell. To help you make a strong first impression, we can assist by reaching out to these owners with compelling proposals created using our AI tool.

    440 Morton St
    DRIVE-THRU RESTAURANT, FAST FOOD

    440 Morton St, Franklin, IN 46131-1301

    $295,000
    Estimated value
    2,097 sqft 0.76 AC lot
    View details
    3955 Us Hwy 31
    RESTAURANT

    3955 Us Hwy 31, Franklin, IN 46131-8036

    $270,000
    Estimated value
    2,074 sqft 1.16 AC lot
    View details
    1599 Morton St
    DRIVE-THRU RESTAURANT, FAST FOOD

    1599 Morton St, Franklin, IN 46131-1258

    $145,000
    Estimated value
    1,099 sqft 0.40 AC lot
    View details
    2378 Morton St
    DRIVE-THRU RESTAURANT, FAST FOOD

    2378 Morton St, Franklin, IN 46131-9737

    $530,000
    Estimated value
    4,076 sqft 1.21 AC lot
    View details
    480 Morton St
    DRIVE-THRU RESTAURANT, FAST FOOD

    480 Morton St, Franklin, IN 46131-1301

    $50,000
    Estimated value
    3,858 sqft 0.72 AC lot
    View details
    2306 Morton St
    DRIVE-THRU RESTAURANT, FAST FOOD

    2306 Morton St, Franklin, IN 46131-9737

    $425,000
    Estimated value
    3,243 sqft 0.98 AC lot
    View details
    2299 Morton St
    RESTAURANT

    2299 Morton St, Franklin, IN 46131-9736

    $595,000
    Estimated value
    5,856 sqft 1.58 AC lot
    View details
    2330 Morton St
    RESTAURANT

    2330 Morton St, Franklin, IN 46131-9737

    $840,000
    Estimated value
    6,438 sqft 1.04 AC lot
    View details
    1400 Morton St
    DRIVE-THRU RESTAURANT, FAST FOOD

    1400 Morton St, Franklin, IN 46131-1260

    $395,000
    Estimated value
    3,078 sqft 0.86 AC lot
    View details
    700 Morton St
    RESTAURANT

    700 Morton St, Franklin, IN 46131-1377

    $395,000
    Estimated value
    4,982 sqft 1.25 AC lot
    View details
    2279 Morton St
    DRIVE-THRU RESTAURANT, FAST FOOD

    2279 Morton St, Franklin, IN 46131-9736

    $240,000
    Estimated value
    1,852 sqft 0.57 AC lot
    View details
    490 Morton St
    DRIVE-THRU RESTAURANT, FAST FOOD

    490 Morton St, Franklin, IN 46131-1301

    $170,000
    Estimated value
    3,582 sqft 1.06 AC lot
    View details
    351 Morton St
    DRIVE-THRU RESTAURANT, FAST FOOD

    351 Morton St, Franklin, IN 46131-1681

    $295,000
    Estimated value
    630 sqft 0.43 AC lot
    View details
    200 Paris Dr
    DRIVE-THRU RESTAURANT, FAST FOOD

    200 Paris Dr, Franklin, IN 46131-8515

    $800,000
    Estimated value
    2,532 sqft 1.14 AC lot
    View details
    597 Banta St
    RESTAURANT

    597 Banta St, Franklin, IN 46131-1621

    $280,000
    Estimated value
    2,730 sqft 0.68 AC lot
    View details
    55 Madison St
    RESTAURANT

    55 Madison St, Franklin, IN 46131-2300

    $310,000
    Estimated value
    5,366 sqft 0.48 AC lot
    View details
    2080 King St
    DRIVE-THRU RESTAURANT, FAST FOOD

    2080 King St, Franklin, IN 46131-9390

    $460,000
    Estimated value
    4,450 sqft 3.87 AC lot
    View details
    1079 Morton St
    DRIVE-THRU RESTAURANT, FAST FOOD

    1079 Morton St, Franklin, IN 46131-1212

    $330,000
    Estimated value
    3,598 sqft 1.00 AC lot
    View details
    980 Morton St
    DRIVE-THRU RESTAURANT, FAST FOOD

    980 Morton St, Franklin, IN 46131-1373

    $290,000
    Estimated value
    2,501 sqft 0.75 AC lot
    View details
    1700 Morton St
    DRIVE-THRU RESTAURANT, FAST FOOD

    1700 Morton St, Franklin, IN 46131-1070

    $365,000
    Estimated value
    3,959 sqft 0.52 AC lot
    View details
    1200 Park Ave
    RESTAURANT

    1200 Park Ave, Franklin, IN 46131-8868

    $275,000
    Estimated value
    5,748 sqft 2.78 AC lot
    View details
    2401 Morton St
    DRIVE-THRU RESTAURANT, FAST FOOD

    2401 Morton St, Franklin, IN 46131-9703

    $305,000
    Estimated value
    2,672 sqft 0.64 AC lot
    View details

    Franklin, IN Restaurants Market Trends and Statistics

    Explore 35 restaurants for sale in Franklin, IN on our real estate platform. These investment opportunities span a total of 5,856 square feet of properties for sale, with an estimated market value of $5,528,909.

    Sale prices for restaurant properties in Franklin, IN start at $2,528,909, averaging $2,764,454, and reaching up to $3,000,000 — offering options for a variety of budgets and business needs. Daily updated analytics ensure you stay ahead with the latest data and market trends.

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    Top Commercial Asset Segments

    Commercial property segments ranked by active listings on the market

    Drive through restaurants 2
    Conventional restaurants 1

    Demographics Overview

    Population 36K
    Population Growth (5Y) +9.7%
    Median Household Income $81,914
    College Educated 34.2%

    High-Yield Neighborhoods for Investment

    Identify Franklin submarkets with the highest inventory density on the market and evaluate the average listing prices of real estate assets

    Neighborhood Average Price
    46131 $2.8M

    Taxes & Financing

    Tax Rate (average for all types) 2.14%
    Property Tax per SF $54.44 per SF
    Tax Rate vs County Average 0.32 pp above county avg
    Average Loan-to-Value 65.0%

    Listings Trend

    New vs delisted commercial listings in Johnson County

    New Delisted

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