Listed by Veritas Realty
$3,330,522
Taco Bell | 3702 W. 3rd Street, Bloomington, IN
Details
Property Type Retail
Sub Type QSR/Fast Food
Square Footage 2,442
Units 1
Cap Rate 5.75%
NOI $191,505
Occupancy 100%
Tenancy Single
Brand/Tenant Taco Bell
Lease Type Absolute NNN
Lease Term 20
Lease Expiration 12/17/2032
Remaining Term 6.5
Rent Bumps Yes
Lease Options Four 5-Year Options
Price per SqFt $1,364
Year Built 1987
Year Renovated 2015
Acreage 0.730
Investment Type Net Lease
Lease Commencement 12/18/2012
Flynn Restaurant Group | Abs NNN | Indiana University
Investment highlights
- No Landlord Responsibilities: Absolute NNN lease structure
- Rental Increases: 1.50% annual increase
- Great Location: Access of W 3rd St (ADT: 21,914) and just off I-69
- Retail Corridor: Kroger, Fresh Thyme, Lowe’s, TJ Maxx, Home Goods, Kohl’s Chipotle, Olive Garden, Outback Steakhouse, Freddy’s, Wendy’s, KFC, Verizon, Tire Barn, Crew Carwash, & many more
- Operating History: 20+ years of success at this location
- Market Strength: Home of Indiana University (51,000 students)
Listing Contacts
Listed by Veritas Realty
Valuation Calculator
Login or Sign up to see Valuation Metrics
Sign up for Crexi to see valuation metrics for this property
Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$191,505.00
$15,958.75/mo
Valuation Metrics
0
DSCR
5.75%
Cap Rate
5.75%
ROI
Map
Broker Selected Comps View More Comps
Property History
Tax History
Similar Properties
Additional Information
Name
License
Brokerage Phone
Name
License
Brokerage Phone
Title
Is there information that looks off?
