Listed by Veritas Realty
$2,437,196
Taco Bell | Downtown Indianapolis, IN
Details
APN 49-11-02-160-048.000-101
Property Type Retail
Sub Type QSR/Fast Food
Square Footage 2,398
Units 1
Cap Rate 5.6%
NOI $136,483
Occupancy 100%
Tenancy Single
Lease Term 20
Lease Expiration 12/18/2032
Remaining Term 6.4
Rent Bumps Yes
Lease Options Four Options of 5 Years
Price per SqFt $1,016
Year Built 1994
Stories 1
Acreage 0.730
Parking Spaces 37 spaces
Parking per 1,000 SqFt 15.43
Investment Type Net Lease
Lease Commencement 12/19/2012
Ground Lease No
Flynn Restaurant Group | IU-Indianapolis | Abs NNN | 1.50% Annual Increases
Investment highlights
- No Landlord Responsibilities: Absolute NNN lease structure
- Rental Increases: 1.50% annual increases
- Great Location: Signalized corner of University Blvd (ADT: 7,464) & Indiana Ave (ADT: 8,715), adjacent to IU Indianapolis (25,000+ students)
- Corridor Strength: Riley Children’s Hospital, Eskenazi Health, IU Health, IU-Indianapolis, Starbucks, Cava, Qdoba, City Barbeque, Papa John’s, Panda Express, Chipotle, Donato’s Pizza, & many more
- Operating History: 13+ years of success at this location
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
$136,483.00
$11,373.58/mo
Valuation Metrics
0
DSCR
5.6%
Cap Rate
5.6%
ROI
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