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Restaurant

Taco Bell

55 Donnermeyer Dr, Bellevue, KY 41073

Listing Price: $2,311,000

Cap Rate
5.15%
Tenant Name
Taco Bell
Years Remaining On Lease
19.3
Gross SF
1,950
Guarantor
Franchisee Guarantee
Rentable SF
1,950
Price/Gross SF
$1,185.13
Lease Type
Triple Net (NNN)
Rent Per Square Feet
$61.03

Investment Overview

Additional Highlights • Increases Every Five Years Providing for Strong Hedge Against Inflation • Passive Investment | No Landlord Responsibility • Blended Cap of 5.76% Over Base Term with Potential Cap Over Lease of 6.72% (*based on list price) • Minutes from Newport High School, Stadium and Recreation Complex | Across from Gilligan Stadium, Tennis Courts and Gymnasium • One Mile North of Newport Pavilion Shopping Mall • Excellent Demographics of 275K People within a Five-Mile Radius • National Brand Franchisee with Dynamic Growth Strategy Operating Multiple Restaurants Including Taco Bells, Burger King and Little Caesars

Investment Highlights

  • Brand New 2023 Construction with 20-Year Triple-Net Lease | Five Five-Year Options to Renew
  • Triple-Net (NNN) Lease Backed by Growing Regional Franchisee with Significant Presence in the Southeast, Mid-Atlantic, and Texas Operating Over 460 Restaurants Across Multiple Brands
  • Just Outside Downtown Cincinnati Off I-471 | Outparcel to Kroger Supermarket in Urban Neighborhood of Bellevue Across the Ohio River

Exclusively Listed By

Broker of Record

  • Colby Haugness

    First Vice President Investments

    (816) 410-1010

    License(s) KY: 242197

    Kentucky

Financing By

Listing Price: $2,311,000

Cap Rate
5.15%
Tenant Name
Taco Bell
Years Remaining On Lease
19.3
Gross SF
1,950
Guarantor
Franchisee Guarantee
Rentable SF
1,950
Price/Gross SF
$1,185.13
Lease Type
Triple Net (NNN)
Rent Per Square Feet
$61.03

Investment Highlights

  • Brand New 2023 Construction with 20-Year Triple-Net Lease | Five Five-Year Options to Renew
  • Triple-Net (NNN) Lease Backed by Growing Regional Franchisee with Significant Presence in the Southeast, Mid-Atlantic, and Texas Operating Over 460 Restaurants Across Multiple Brands
  • Just Outside Downtown Cincinnati Off I-471 | Outparcel to Kroger Supermarket in Urban Neighborhood of Bellevue Across the Ohio River

Investment Overview

Additional Highlights • Increases Every Five Years Providing for Strong Hedge Against Inflation • Passive Investment | No Landlord Responsibility • Blended Cap of 5.76% Over Base Term with Potential Cap Over Lease of 6.72% (*based on list price) • Minutes from Newport High School, Stadium and Recreation Complex | Across from Gilligan Stadium, Tennis Courts and Gymnasium • One Mile North of Newport Pavilion Shopping Mall • Excellent Demographics of 275K People within a Five-Mile Radius • National Brand Franchisee with Dynamic Growth Strategy Operating Multiple Restaurants Including Taco Bells, Burger King and Little Caesars

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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