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