Listed by Veritas Realty
$3,816,617
Taco Bell | Brownsburg, IN (Indy MSA)
Details
Property Type Retail
Sub Type QSR/Fast Food
Square Footage 2,349
Cap Rate 6%
NOI $228,997
Tenancy Single
Brand/Tenant Taco Bell
Lease Type Absolute NNN
Lease Term 20
Lease Expiration 12/20/2032
Remaining Term 6.5
Rent Bumps Yes
Lease Options Four 5-Year Options
Price per SqFt $1,625
Year Built 2006
Parking Spaces 34 spaces
Parking Per SqFt 14.47
Investment Type Net Lease
Tenant Credit Franchisee
Lease Commencement 12/19/2012
Occupancy Date 12/19/2012
Flynn Restaurant Group | Abs NNN | 1.50% Annual Increases
Marketing description
- No Landlord Responsibilities: Absolute NNN lease structure
- Rental Increases: 1.50% annual increase
- Great Location: Just off I-74 and N Green St (35,041 VPD)
- Retail Corridor: Surrounded by Walmart Supercenter, Kroger, Chipotle, Wendy’s, Starbucks, Qdoba, McAlister’s Deli, Five Below, Crumbl Cookies, Five Guys, IHOP, and many more
- Operating History: 13+ years of success at this location
- 0.94 Acres: Long-term hold with redevelopment potential
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
$228,997.00
$19,083.08/mo
Valuation Metrics
0
DSCR
6%
Cap Rate
6%
ROI
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