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Restaurant

Taco Bell - Henderson KY - Abs NNN, Strong Sales, Over Ten Yrs Remain, Major Franchisee

1917 US Hwy 41, Henderson, KY 42420

Listing Price: $1,437,168

Cap Rate
5.65%
Tenant Name
Taco Bell
Years Remaining On Lease
10.3
Gross SF
2,440
Guarantor
No Guarantee
Rentable SF
2,440
Price/Gross SF
$589.00
Lease Type
Triple Net (NNN)
Rent Per Square Feet
$33.28

Investment Overview

Marcus & Millichap is pleased to present for sale, Taco Bell located in Henderson, Kentucky. Taco Bell is being offered for $1,437,168.

Investment Highlights

  • Taco Bell Absolute Triple-Net Lease with 10.6 Years Remaining in Henderson, Kentucky (Evansville, Indiana MSA)
  • Top-Tier Franchisee: Bell American Group – Third Largest Taco Bell Franchisee with 282 Taco Bell Units in Nine States
  • Top-Tier Franchisee: Bell American Group – 3rd Largest Taco Bell Franchisee with 282 Taco Bell Units in Nine States
  • Sales Figures Equate to a Low 3.7 Percent Rent-to-Sales Ratio
  • Bell American Group is Wholly- Owned by Flynn Restaurant Group, a Top Restaurant Franchisee in the U.S. with Over 2,200 Restaurants Franchised Throughout 44 States and $4 Billion in Annual Revenue
  • 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
  • Located on Highway 41 with Huge Traffic Counts of 36,700 Vehicles per Day; Just North of Major Interchange with U.S. 60 East

Exclusively Listed By

Broker of Record

  • Colby Haugness

    First Vice President Investments

    (816) 410-1010

    License(s) KY: 242197

    Kentucky

Financing By

Restaurant

Taco Bell - Henderson KY - Abs NNN, Strong Sales, Over Ten Yrs Remain, Major Franchisee

Listing Price: $1,437,168

Cap Rate
5.65%
Tenant Name
Taco Bell
Years Remaining On Lease
10.3
Gross SF
2,440
Guarantor
No Guarantee
Rentable SF
2,440
Price/Gross SF
$589.00
Lease Type
Triple Net (NNN)
Rent Per Square Feet
$33.28

Investment Highlights

  • Taco Bell Absolute Triple-Net Lease with 10.6 Years Remaining in Henderson, Kentucky (Evansville, Indiana MSA)
  • Top-Tier Franchisee: Bell American Group – Third Largest Taco Bell Franchisee with 282 Taco Bell Units in Nine States
  • Top-Tier Franchisee: Bell American Group – 3rd Largest Taco Bell Franchisee with 282 Taco Bell Units in Nine States
  • Sales Figures Equate to a Low 3.7 Percent Rent-to-Sales Ratio
  • Bell American Group is Wholly- Owned by Flynn Restaurant Group, a Top Restaurant Franchisee in the U.S. with Over 2,200 Restaurants Franchised Throughout 44 States and $4 Billion in Annual Revenue
  • 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
  • Located on Highway 41 with Huge Traffic Counts of 36,700 Vehicles per Day; Just North of Major Interchange with U.S. 60 East

Investment Overview

Marcus & Millichap is pleased to present for sale, Taco Bell located in Henderson, Kentucky. Taco Bell is being offered for $1,437,168.

Exclusively Listed By

Broker of Record

  • Colby Haugness

    First Vice President Investments

    (816) 410-1010

    License(s): KY: 242197

    Kentucky

Financing By

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