Restaurant
Taco Bell | New 20-Year NNN Ground Lease
1504 Wilkins Way, Mitchell (NW of Louisville, KY), IN 47446
Listing Price: $1,238,000
Cap Rate
5.25%
Tenant Name
Taco Bell
Years Remaining On Lease
19.6
Guarantor
Franchisee Guarantee
Rentable SF
2,274
Lease Type
Absolute Net
Rent Per Square Feet
$28.58
Investment Overview
-
Taco Bell | New 20-Year NNN Ground Lease
Investment Highlights
- New 20-Year Absolute NNN Ground Lease
- 10% Rental Increases Every 5 Years Throughout Base Term and Options
- Strong Guaranty (96+ Locations), a Wholly-Owned Subsidiary of the Flynn Group
- Flynn Group is the World's Largest Franchisee Operator of Restaurants and 3rd Largest Taco Bell Franchisee
- Average Unit-Level Sales of $2.2+ Million for Taco Bell, Equates to 3% Rent-to-Sales Ratio at This Location
- Significant Capital Investment by Tenant to Build Modern Taco Bell Prototype Design
- Serving Over 45,000 Residents in Lawrence County, Centrally Located Between Louisville and Indianapolis
Exclusively Listed By
Broker of Record
Restaurant
Taco Bell | New 20-Year NNN Ground Lease
Listing Price: $1,238,000
Cap Rate
5.25%
Tenant Name
Taco Bell
Years Remaining On Lease
19.6
Guarantor
Franchisee Guarantee
Rentable SF
2,274
Lease Type
Absolute Net
Rent Per Square Feet
$28.58
Investment Highlights
- New 20-Year Absolute NNN Ground Lease
- 10% Rental Increases Every 5 Years Throughout Base Term and Options
- Strong Guaranty (96+ Locations), a Wholly-Owned Subsidiary of the Flynn Group
- Flynn Group is the World's Largest Franchisee Operator of Restaurants and 3rd Largest Taco Bell Franchisee
- Average Unit-Level Sales of $2.2+ Million for Taco Bell, Equates to 3% Rent-to-Sales Ratio at This Location
- Significant Capital Investment by Tenant to Build Modern Taco Bell Prototype Design
- Serving Over 45,000 Residents in Lawrence County, Centrally Located Between Louisville and Indianapolis
Investment Overview
-
Exclusively Listed By
Broker of Record
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