- The Applebee’s Building is a single-tenant, 5,000 sq.ft. commercial restaurant building located at 10655 Pendleton Pike in Indianapolis, Indiana, 3.5 miles northeast of Interstate 465 and 25 minutes northeast of downtown Indianapolis.
- The building is currently 100% leased to Applebee’s, an American mainstream, casual dining restaurant. Founded in Atlanta, Georgia, in 1980, Applebee’s has a reported 1,678 locations in the U.S. and globally as of the end of 2022. The operator of this Applebee’s is the largest restaurant franchisee in the U.S. operating 2,355 restaurant locations around the country.
- The property is located in a major retail corridor along Pendleton Pike, with 34,000 vehicles per day. Located on a Walmart outlot, additional nearby retailers include Khol’s, Kroger, Walgreens, AutoZone, Dollar Tree, Goodwill, Starbucks, McDonalds and KFC. The surrounding population is dense with 7,726 within one mile, 67,557 within three miles and 165,102 within five miles.
- The property enjoys excellent access to the area’s transportation infrastructure. Its location 3.5 miles from Interstate 465 provides further access to Interstates 65, 69, 70 and 74 as well as US 31, allowing direct access to the entire Midwest. Indianapolis is a primary industrial, commercial and transportation center for the Midwest. As the most centrally located of the largest 100 cities in the U.S., Indianapolis is within 650 miles of 65% of the U.S. population.
- The building was built in 2003.
- The building sits on 1.089 acres zoned C4 (Commercial).
- The building is served by 74 asphalt parking spaces, including 4 ADA spaces, and two dedicated entrances to the property.
- Indianapolis is an increasingly sought-after place to do business due to its highly educated and productive work force, combined with the city’s strategic geographical location and transportation support systems. Indianapolis is the 13th largest city and the 29th largest metropolitan are in the United States. Its population is 883,107 with an extended MSA population of 1,852,515. The state capital is strategically located in the center of Indiana and in the epicenter of Midwestern United States travel with four primary interstates converging at the core of the city: I-65, I-69, I-70 and I-74. Served by six major highways, six railroads, an international airport, and a foreign trade zone, Indianapolis is a primary industrial, commercial and transportations center that is also within a three-hour drive to three ports that serve the entire the state. Indianapolis’s economy has diversified from manufacturing into a variety of other industries, including a growing tech sector. The Indianapolis metro area is also a key health-sciences center in the nation, anchored by several pharmaceutical and life-sciences companies, including Eli Lilly and Roche Diagnostics.
- For more information, please contact
David Marks
Tower Investments, LLC
250 W. Main St., Suite 101
Woodland, CA 95695
(530) 668-1000 – telephone
(530) 666-5574 – facsimile
davidmarks@towerinv.com
www.towerinv.com
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