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Restaurant

Taco Bell

2720 W Broadway St, Princeton, IN 47670

Listing Price: $1,719,000

Cap Rate
5.00%
Tenant Name
Taco Bell
Years Remaining On Lease
10.8
Gross SF
2,436
Guarantor
No Guarantee
Rentable SF
2,436
Price/Gross SF
$705.67
Lease Type
Triple Net (NNN)
Rent Per Square Feet
$35.29

Investment Overview

Marcus & Millichap is pleased to exclusively present for sale, Taco Bell located in Princeton, Indiana. Taco Bell currently has 10.8 years remaining on an absolute triple-net lease with zero landlord responsibilities. Taco Bell is being offered for $1,719,000.

Investment Highlights

  • Taco Bell Absolute Triple-Net Lease with 10.8 Years Remaining in Princeton, Indiana
  • Reported Strong Unit-Level Sales of $1.484 Million and EBITDA of $316,000 in 2021
  • Sales Figures Equate to a Low 5.8 Percent Rent to- Sales Ratio
  • Expressed Strong Commitment to Site via Recent 12-Year Extension of Original 15-Year Lease that Commenced in 2006, Taking Current Lease Term into 2033
  • 1.5 Percent Annual Rent Increases in Current Term and 2 Percent Increases in Options
  • Absolute Triplet-Net Lease – Zero Landlord Responsibilities
  • Highway Exit Real Estate – Adjacent to Major Eight-Way Interchange of W Broadway Street and US-41 with a Combined 24,300 Vehicles per Day
  • Situated Within Princeton's Primary Retail Corridor with Traffic Drivers Including Menards, Rural King, Burkes Outlet, Hibbett Sports, IGA, Ruler Foods, Save- A-Lot, Walgreens, Dollar Tree, Maurices, AutoZone, and More

Exclusively Listed By

Broker of Record

  • Josh Caruana

    First Vice President/District Manager

    (317) 218-5300

    License(s) IN: RB14034355

    Indiana

Financing By

Listing Price: $1,719,000

Cap Rate
5.00%
Tenant Name
Taco Bell
Years Remaining On Lease
10.8
Gross SF
2,436
Guarantor
No Guarantee
Rentable SF
2,436
Price/Gross SF
$705.67
Lease Type
Triple Net (NNN)
Rent Per Square Feet
$35.29

Investment Highlights

  • Taco Bell Absolute Triple-Net Lease with 10.8 Years Remaining in Princeton, Indiana
  • Reported Strong Unit-Level Sales of $1.484 Million and EBITDA of $316,000 in 2021
  • Sales Figures Equate to a Low 5.8 Percent Rent to- Sales Ratio
  • Expressed Strong Commitment to Site via Recent 12-Year Extension of Original 15-Year Lease that Commenced in 2006, Taking Current Lease Term into 2033
  • 1.5 Percent Annual Rent Increases in Current Term and 2 Percent Increases in Options
  • Absolute Triplet-Net Lease – Zero Landlord Responsibilities
  • Highway Exit Real Estate – Adjacent to Major Eight-Way Interchange of W Broadway Street and US-41 with a Combined 24,300 Vehicles per Day
  • Situated Within Princeton's Primary Retail Corridor with Traffic Drivers Including Menards, Rural King, Burkes Outlet, Hibbett Sports, IGA, Ruler Foods, Save- A-Lot, Walgreens, Dollar Tree, Maurices, AutoZone, and More

Investment Overview

Marcus & Millichap is pleased to exclusively present for sale, Taco Bell located in Princeton, Indiana. Taco Bell currently has 10.8 years remaining on an absolute triple-net lease with zero landlord responsibilities. Taco Bell is being offered for $1,719,000.

Exclusively Listed By

Broker of Record

  • Josh Caruana

    First Vice President/District Manager

    (317) 218-5300

    License(s): IN: RB14034355

    Indiana

Financing By

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