Restaurant
Taco Bell | 25 Years Remaining | Cleveland MSA | 270+ Unit Franchiseer
7135 Aurora Rd, Aurora, OH 44202
Listing Price: $1,650,000
Investment Overview
The Tenant, Pacific Bells, LLC, is subject to a new 25-year NNN ground lease with rent scheduled to commence the earlier of opening or January 25th, 2025. It is notable that 25-year leases are increasingly rare in the net lease landscape, and provide immense benefit to the investor. The lease features 10 percent rental increases every five years during the base term and six, five-year option periods providing attractive revenue growth and a hedge against inflation.
Exclusively Listed By
Broker of Record
-
Michael L. Glass
Senior Vice President / Division Manager
Financing By
Restaurant
Taco Bell | 25 Years Remaining | Cleveland MSA | 270+ Unit Franchiseer
Listing Price: $1,650,000
Investment Highlights
- New 25-Year NNN Ground Lease
- 270+ Unit Franchisee; One of Taco Bell's Largest Franchisees
- Corner Entry Pad in Affluent Cleveland Metro Location; $158k AHHI
Investment Overview
The Tenant, Pacific Bells, LLC, is subject to a new 25-year NNN ground lease with rent scheduled to commence the earlier of opening or January 25th, 2025. It is notable that 25-year leases are increasingly rare in the net lease landscape, and provide immense benefit to the investor. The lease features 10 percent rental increases every five years during the base term and six, five-year option periods providing attractive revenue growth and a hedge against inflation.
Exclusively Listed By
Broker of Record
-
Michael L. Glass
Senior Vice President / Division Manager
Financing By
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