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Views: 33 DOM: 54 Updated: 09.05.24 Posted: 08.17.24 Status: Active

Summary

Price $1,608,000
Built/Renov 2017
Tenant Taco Bell
Cap Rate 5.50%
Lease Type Abs NNN
Guarantor Franchisee
Size/SF 2,212
Lease Start 05-12-2017
#Units 340
Price/SF $726.94
Expiration 05-31-2037
Tenant Type Fast Food/QSR
NOI $88,451
R. Term 12.7
Ownership Fee Simple
Rent/SF $39.99
Increases 1.0%/1/yrs
Pop 5Mi 11,860
Lot/AC 0.72
Options 5/5yrs/1%
AHHI 5Mi $72,810

Lease Highlights

  • Taco Bell has 12+ years remaining on the current lease term with 5 (5-year) options to extend
  • The lease features 1% annual rental escalations throughout the initial term and option periods
  • Absolute NNN lease | Zero landlord responsibilities
  • The lease is backed by K-Mac Enterprises, Inc., the second-largest Taco Bell franchisee in the country nearly 400 locations across 10 states

Location Description

Taco Bell is strategically located on Factory Outlet Boulevard, with access to 16,150 vehicles passing by daily. The property is directly off I-57, which sees 38,500 VPD, and is part of a shopping center anchored by Kroger and Ollie’s Bargain Outlet. Additionally, it is just 1.5 miles from Frankfort Community High School, which has an enrollment of 434 students. The 5-mile trade area supports...

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Maps

  • 1 Mile
  • 3 Miles
  • 5 Miles

Tenant

About Tenant

Taco Bell is an American-based chain of fast food restaurants originating in Irvine, California in 1962, by founder Glen Bell. Taco Bell is the leading Mexican-inspired, quick-service restaurant...


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Listing Broker

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