Restaurant
Taco Bell / KFC - Abs NNN, Strong Sales, Over Ten Yrs Remain, Major Franchisee
2701 Hart St, Vincennes, IN 47591
Listing Price: $2,256,372
Cap Rate
5.65%
Tenant Name
Taco Bell/ KFC
Years Remaining On Lease
10.3
Gross SF
3,095
Guarantor
No Guarantee
Rentable SF
3,095
Price/Gross SF
$729.04
Lease Type
Triple Net (NNN)
Rent Per Square Feet
$41.19
Investment Overview
Marcus & Millichap is pleased to present for sale, Taco Bell / KFC in Vincennes, Indiana. Taco Bell / KFC is being offered for $2,256,372.
Taco Bell / KFC - Abs NNN, Strong Sales, Over Ten Yrs Remain, Major Franchisee
Investment Highlights
- Taco Bell and KFC Dual-Branded Store Absolute Triple-Net Lease with 10.5 Years Remaining in Vincennes, Indiana.
- Top-Tier Franchisee: Bell American Group – Third Largest Taco Bell Franchisee with 282 Taco Bell Units in Nine States.
- Reported Strong Unit-Level Sales of $1.726 Million and EBITDA of $297,000 in 2021.
- Sales Figures Equate to a Low 7.4 Percent Rent to Sales Ratio.
- Lease Entity Consists of 80 Units and Reported Approximately $30 Million Net Worth as of Year End 2021.
- 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 Two Percent Increases in Options.
Restaurant
Taco Bell / KFC - Abs NNN, Strong Sales, Over Ten Yrs Remain, Major Franchisee
Listing Price: $2,256,372
Cap Rate
5.65%
Tenant Name
Taco Bell/ KFC
Years Remaining On Lease
10.3
Gross SF
3,095
Guarantor
No Guarantee
Rentable SF
3,095
Price/Gross SF
$729.04
Lease Type
Triple Net (NNN)
Rent Per Square Feet
$41.19
Investment Highlights
- Taco Bell and KFC Dual-Branded Store Absolute Triple-Net Lease with 10.5 Years Remaining in Vincennes, Indiana.
- Top-Tier Franchisee: Bell American Group – Third Largest Taco Bell Franchisee with 282 Taco Bell Units in Nine States.
- Reported Strong Unit-Level Sales of $1.726 Million and EBITDA of $297,000 in 2021.
- Sales Figures Equate to a Low 7.4 Percent Rent to Sales Ratio.
- Lease Entity Consists of 80 Units and Reported Approximately $30 Million Net Worth as of Year End 2021.
- 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 Two Percent Increases in Options.
Investment Overview
Marcus & Millichap is pleased to present for sale, Taco Bell / KFC in Vincennes, Indiana. Taco Bell / KFC is being offered for $2,256,372.
