Skip to main content

Restaurant

Taco Bell

11625 OH-588, Bidwell, OH 45614

Listing Price: $2,106,000

Cap Rate
5.65%
Tenant Name
Taco Bell
Years Remaining On Lease
24.7
Gross SF
1,950
Guarantor
Franchisee Guarantee
Rentable SF
1,950
Price/Gross SF
$1,080.00
Lease Type
Triple Net (NNN)
Rent Per Square Feet
$61.03

Investment Overview

Additional Highlights: • Within a Mile of the University of Rio Grande and Rio Grande Community College, a Public/Private University and Public Community College in One • Also Minutes from the Buckeye Hills Career Center and Rio Grande Elementary and Berry Fine & Performing Arts Center • Blended Cap Rate of 6.32% Over Initial Term with Potential Cap Over Full Lease of 7.68% (assuming list price) • NNN Lease Backed by Expanding 46-Unit Franchisee with Significant Presence across Multiple States and Four National QSR Brands • Nearby Retailers Include McDonald’s, Subway, and Family Dollar • Passive Investment | No Landlord Responsibilities

Investment Highlights

  • Brand New 2023 Construction with a Rare 25-YearTriple-Net Lease and Four Five-Year Renewal Options
  • Located at the Rio Grande Exit Off Ohio SR-35 with Traffic Counts of more than 18,000 PVD.
  • Signalized Hard Corner on the Intersection of W. College Street and OH-588

Exclusively Listed By

Broker of Record

  • Michael L. Glass

    Senior Vice President / Division Manager

    (614) 360-9800

    License(s) OH: BRK.2007005898

    Ohio

Financing By

Restaurant

Taco Bell

Listing Price: $2,106,000

Cap Rate
5.65%
Tenant Name
Taco Bell
Years Remaining On Lease
24.7
Gross SF
1,950
Guarantor
Franchisee Guarantee
Rentable SF
1,950
Price/Gross SF
$1,080.00
Lease Type
Triple Net (NNN)
Rent Per Square Feet
$61.03

Investment Highlights

  • Brand New 2023 Construction with a Rare 25-YearTriple-Net Lease and Four Five-Year Renewal Options
  • Located at the Rio Grande Exit Off Ohio SR-35 with Traffic Counts of more than 18,000 PVD.
  • Signalized Hard Corner on the Intersection of W. College Street and OH-588

Investment Overview

Additional Highlights: • Within a Mile of the University of Rio Grande and Rio Grande Community College, a Public/Private University and Public Community College in One • Also Minutes from the Buckeye Hills Career Center and Rio Grande Elementary and Berry Fine & Performing Arts Center • Blended Cap Rate of 6.32% Over Initial Term with Potential Cap Over Full Lease of 7.68% (assuming list price) • NNN Lease Backed by Expanding 46-Unit Franchisee with Significant Presence across Multiple States and Four National QSR Brands • Nearby Retailers Include McDonald’s, Subway, and Family Dollar • Passive Investment | No Landlord Responsibilities

Exclusively Listed By

Broker of Record

  • Michael L. Glass

    Senior Vice President / Division Manager

    (614) 360-9800

    License(s): OH: BRK.2007005898

    Ohio

Financing By

MM Texture Background
MM Textured Background Lower