Taco Bell (Ground Lease)
Taco Bell (Ground Lease) | Major MSA w/ long-term lease & below market rent
Marketing description
CIRE Partners, in cooperation with Continental Real Estate Group, is pleased to present for sale the single tenant net lease Taco Bell in Chicago, Illinois. The property operates under a 25-year NNN ground lease with approximately 18 years remaining and four, 5-year renewal options. The investment offers qualified buyers a well-located asset in a dense urban-infill major market with a below market rent, long-term stable income and fixed rental increases. This is an ideal opportunity to acquire a management-free investment backed by a nationally recognized quick-service restaurant brand that is "best-in-class" in the Mexican food category.
Investment highlights
This Taco Bell Ground Lease investment opportunity is located in Chicago, Illinois, the 3rd largest metro area in the U.S. The site benefits from excellent visibility and access on a hard corner, signalized intersection at 79th & Western. This intersection of two primary arterial streets experiences traffic volumes over ±43k vehicles per day. The Property's central location boasts a population over 250k within 3-miles, and is located within 12-miles of two major international airports (O'Hare and Midway) and under a 30-minute drive to/from downtown Chicago.
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