Restaurant
KFC / Taco Bell
6030 Enterprise Pkwy, Solon, OH 44139
Listing Price: $2,285,825
Investment Overview
Marcus & Millichap is pleased to present the exclusive listing for an KFC/Taco Bell located at 6030 Enterprise Pkwy in Solon, OH. The site consists of roughly 2,795 rentable square feet of building space on estimated 1.46-acre parcel of land. This Art Van Furniture is subject to a 20-year absolute triple-net (NNN) lease, which commenced June 3rd, 2012. The current annual rent is $117,720 and is scheduled to increase by 8% every 5 years throughout the base term and in each of the 4, 5-year renewal options. Mitra is a high-energy, fast-moving company on a mission to become one of the largest and most profitable franchisees in the QSR industry. Their company is made up of an extremely diverse group of individuals, the essential common trait that they all share is passion. Passion for food, passion for growth and passion for helping one another. Mitra believe that skills can be acquired, developed and sharpened over time, but passion is either part your DNA or not. If you bring the passion, Mitra will supply the rest of the tools and training you need to achieve incredible success in our organization.
Listing Price: $2,285,825
Investment Highlights
- Long-Term, 20-Year Absolute Triple Net (NNN) Lease with More than 11 Years Remaining
- Eight Percent (8%) Rental Increases Occurring Every Five (5) Years
- Four (4), Five (5)-Year Tenant Renewal Options, Bringing the Potential Lease Term Remaining to 30 Years
Investment Overview
Marcus & Millichap is pleased to present the exclusive listing for an KFC/Taco Bell located at 6030 Enterprise Pkwy in Solon, OH. The site consists of roughly 2,795 rentable square feet of building space on estimated 1.46-acre parcel of land. This Art Van Furniture is subject to a 20-year absolute triple-net (NNN) lease, which commenced June 3rd, 2012. The current annual rent is $117,720 and is scheduled to increase by 8% every 5 years throughout the base term and in each of the 4, 5-year renewal options. Mitra is a high-energy, fast-moving company on a mission to become one of the largest and most profitable franchisees in the QSR industry. Their company is made up of an extremely diverse group of individuals, the essential common trait that they all share is passion. Passion for food, passion for growth and passion for helping one another. Mitra believe that skills can be acquired, developed and sharpened over time, but passion is either part your DNA or not. If you bring the passion, Mitra will supply the rest of the tools and training you need to achieve incredible success in our organization.
