Restaurant
Taco Bell
5935 W 86th Street, Indianapolis, IN 46278
Listing Price: $1,900,000
Cap Rate
5.00%
Tenant Name
Taco Bell
Years Remaining On Lease
14.6
Guarantor
Franchisee Guarantee
Rentable SF
3,636
Lease Type
NNN Ground Lease
Rent Per Square Feet
$26.13
Investment Overview
-
Taco Bell
Investment Highlights
- New 15-Year Absolute NNN Ground Lease with 10% Increases Every 5 Years
- Relocation of High-Performing Store Across the Street, Proven Concept in Trade Area
- 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 4.3% Rent-to-Sales Ratio at This Location
- Significant Tenant Investment to Build Modern Taco Bell Prototype Design with a Drive-Thru
- Serving 127,000 Residents in Growing Suburb Northwest of Indianapolis
- Average Household Income Exceeds $156,000 in 1-Mile and $127,000 in 3 Miles
Exclusively Listed By
Broker of Record
Listing Price: $1,900,000
Cap Rate
5.00%
Tenant Name
Taco Bell
Years Remaining On Lease
14.6
Guarantor
Franchisee Guarantee
Rentable SF
3,636
Lease Type
NNN Ground Lease
Rent Per Square Feet
$26.13
Investment Highlights
- New 15-Year Absolute NNN Ground Lease with 10% Increases Every 5 Years
- Relocation of High-Performing Store Across the Street, Proven Concept in Trade Area
- 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 4.3% Rent-to-Sales Ratio at This Location
- Significant Tenant Investment to Build Modern Taco Bell Prototype Design with a Drive-Thru
- Serving 127,000 Residents in Growing Suburb Northwest of Indianapolis
- Average Household Income Exceeds $156,000 in 1-Mile and $127,000 in 3 Miles
Investment Overview
-
Exclusively Listed By
Broker of Record
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