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Restaurant

Taco Bell

2403 E Wabash St, Frankfort, IN 46041

Listing Price: $1,600,000

Cap Rate
6.36%
Tenant Name
Taco Bell
Years Remaining On Lease
4.8
Gross SF
2,209
Guarantor
Franchisee Guarantee
Rentable SF
2,209
Price/Gross SF
$724.31
Lease Type
Triple Net (NNN)
Rent Per Square Feet
$46.06

Investment Overview

Marcus & Millichap is pleased to present the Taco Bell located at 2403 East Wabash Street in Frankfort, Indiana about 45-miles North of Indianapolis. The subject property sits on approximately a 1.45 acre parcel of land and is comprised of a 2,209 square foot building. This property was constructed in 1995 and has been occupied by Taco Bell for 20 years. This absolute “triple-net” investment opportunity calls for no landlord responsibilities. The lease is guaranteed by K-MAC Enterprises, Inc., which is a leading operator of Taco Bell, KFC and Long John Silvers quick-service restaurants, with more than 290 locations in nine states. K-MAC was founded in 1964 by Ken McGruder. The initial lease has been extended for five years, along with structured annual rental increases each year and at the beginning of each option period. Frankfort, Indiana is the county seat of Clinton County. The surrounding seven mile area has more than 21,900 people and average household income over $60,400. The site benefits from direct visibility to over 12,500+ cars per day on Wabash Street. Taco Bell is located on the pad site to a Rural King anchored shopping center and directly across the street from a Walmart Supercenter.

Investment Highlights

  • Absolute NNN | No Landlord Responsibilities
  • K-Mac Enterprises Guarantee | 290+ Locations
  • 20+ Year Occupancy | Established Location
  • One Percent Annual Rent Increases | Five Years Remaining
  • 50%+ Sales Growth Since 2011 | 24%+ Sales Growth Since 2015
  • Across from Walmart Supercenter | Pad Site to Rural King Center
  • Surrounded by National Tenants & Major Traffic Generators
  • Excellent Visibility on Dominant Retail Corridor

Exclusively Listed By

Broker of Record

  • Josh Caruana

    First Vice President/Regional Manager

    (317) 218-5300

    License(s) IN: RB14034355

    Indiana

Listing Price: $1,600,000

Cap Rate
6.36%
Tenant Name
Taco Bell
Years Remaining On Lease
4.8
Gross SF
2,209
Guarantor
Franchisee Guarantee
Rentable SF
2,209
Price/Gross SF
$724.31
Lease Type
Triple Net (NNN)
Rent Per Square Feet
$46.06

Investment Highlights

  • Absolute NNN | No Landlord Responsibilities
  • K-Mac Enterprises Guarantee | 290+ Locations
  • 20+ Year Occupancy | Established Location
  • One Percent Annual Rent Increases | Five Years Remaining
  • 50%+ Sales Growth Since 2011 | 24%+ Sales Growth Since 2015
  • Across from Walmart Supercenter | Pad Site to Rural King Center
  • Surrounded by National Tenants & Major Traffic Generators
  • Excellent Visibility on Dominant Retail Corridor

Investment Overview

Marcus & Millichap is pleased to present the Taco Bell located at 2403 East Wabash Street in Frankfort, Indiana about 45-miles North of Indianapolis. The subject property sits on approximately a 1.45 acre parcel of land and is comprised of a 2,209 square foot building. This property was constructed in 1995 and has been occupied by Taco Bell for 20 years. This absolute “triple-net” investment opportunity calls for no landlord responsibilities. The lease is guaranteed by K-MAC Enterprises, Inc., which is a leading operator of Taco Bell, KFC and Long John Silvers quick-service restaurants, with more than 290 locations in nine states. K-MAC was founded in 1964 by Ken McGruder. The initial lease has been extended for five years, along with structured annual rental increases each year and at the beginning of each option period. Frankfort, Indiana is the county seat of Clinton County. The surrounding seven mile area has more than 21,900 people and average household income over $60,400. The site benefits from direct visibility to over 12,500+ cars per day on Wabash Street. Taco Bell is located on the pad site to a Rural King anchored shopping center and directly across the street from a Walmart Supercenter.

Exclusively Listed By

Broker of Record

  • Josh Caruana

    First Vice President/Regional Manager

    (317) 218-5300

    License(s): IN: RB14034355

    Indiana

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