Listed by Veritas Realty
$2,258,519
Taco Bell | 309 N. Walnut St, Bloomington, IN
Details
Property Type Retail
Sub Type QSR/Fast Food
Square Footage 3,878
Units 1
Cap Rate 5.2%
NOI $117,443
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 Options of 5-Years
Price per SqFt $582
Year Built 1993
Year Renovated 2008
Buildings 1
Acreage 0.400
Investment Type Net Lease
Lease Commencement 12/18/2012
Indiana University | Abs NNN | 1.50% Annual Increases
Marketing description
No Landlord Responsibilities: Absolute NNN lease structure
Rental Increases: 1.50% annual increase
Great Location: On the corner of Walnut (ADT: 8,343) & 7th St
Retail Corridor: Indiana University, Kilroy’s Sports, Yogi’s, Janko’s Little Zagreb, Bluebird, Social Cantina, Bloomington Bagel, Kirkwood Ave (retail & restaurants), and many more
Operating History: 25+ years of success at this location
Market Strength: Home of Indiana University (51,000 students)
Listing Contacts
Listed by Veritas Realty
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Loan Amount
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Annual Debt Service
$--
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Annual Cash Flow
$117,443.00
$9,786.92/mo
Valuation Metrics
0
DSCR
5.2%
Cap Rate
5.2%
ROI
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