Restaurant
Taco Bell
1047 IN-229, Batesville, IN 47006
Listing Price: $2,636,000
Cap Rate
5.50%
Tenant Name
Taco Bell
Years Remaining On Lease
24.7
Guarantor
Franchisee Guarantee
Rentable SF
1,950
Lease Type
Absolute Net
Rent Per Square Feet
$74.36
Investment Overview
Marcus & Millichap is proud to present a brand-new construction Taco Bell featuring a long-term 25-yr NNN lease with five additional, 5-yr options to renew.
Investment Highlights
- 25-year NNN LEASE with Attractive 7.5% Rent Increases every Five (5) Years, as well as Five, 5-Year Options to Renew
- Positioned adjacent to Interstate 74 with direct on/off ramp access, along the main commercial corridor which sees nearly 20,000 vehicles per day.
- Backed by expanding Regional Franchise group with nearly 500 franchised restaurants under four QSR brands: TACO BELL, BURGER KING, CHURCH'S CHICKEN and LITTLE CAESARS.
Exclusively Listed By
Broker of Record
Listing Price: $2,636,000
Cap Rate
5.50%
Tenant Name
Taco Bell
Years Remaining On Lease
24.7
Guarantor
Franchisee Guarantee
Rentable SF
1,950
Lease Type
Absolute Net
Rent Per Square Feet
$74.36
Investment Highlights
- 25-year NNN LEASE with Attractive 7.5% Rent Increases every Five (5) Years, as well as Five, 5-Year Options to Renew
- Positioned adjacent to Interstate 74 with direct on/off ramp access, along the main commercial corridor which sees nearly 20,000 vehicles per day.
- Backed by expanding Regional Franchise group with nearly 500 franchised restaurants under four QSR brands: TACO BELL, BURGER KING, CHURCH'S CHICKEN and LITTLE CAESARS.
Investment Overview
Marcus & Millichap is proud to present a brand-new construction Taco Bell featuring a long-term 25-yr NNN lease with five additional, 5-yr options to renew.
Exclusively Listed By
Broker of Record