Listed by Veritas Realty
$1,959,774
Taco Bell | 6430 Center Dr, Whitestown, IN
Details
Property Type Retail
Sub Type QSR/Fast Food
Square Footage 2,806
Cap Rate 5.3%
NOI $103,868
Occupancy 100%
Tenancy Single
Brand/Tenant Taco Bell
Lease Type Absolute NNN
Lease Term 20
Lease Expiration 12/18/2032
Remaining Term 6.5
Rent Bumps Yes
Lease Options Four 5-Year Options
Price per SqFt $698
Year Built 2009
Acreage 1.000
Parking Spaces 32 spaces
Parking Per SqFt 11.40
Investment Type Net Lease
Tenant Credit Franchisee
Lease Commencement 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-65 and Whitestown Pkwy (16,766 VPD)
Retail Corridor: Surrounded by Meijer, Lowe’s, Aldi, Hobby Lobby, Dicks Sporting Goods, and many other boxes and QSRs
Operating History: 13+ years of success at this location
Easy Access: Located at the corner of a signalized intersection
1.00 Acre: Long-term hold with redevelopment potential in Whitestown
Listing Contacts
Listed by Veritas Realty
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Loan Amount
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Annual Debt Service
$--
$--
Annual Cash Flow
$103,868.00
$8,655.67/mo
Valuation Metrics
0
DSCR
5.3%
Cap Rate
5.3%
ROI
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