Listed by Veritas Realty
$3,123,583
Taco Bell | Greenwood, IN
Details
APN 41-02-34-032-015.002-025
Property Type Retail
Sub Type QSR/Fast Food
Square Footage 2,080
Units 1
Cap Rate 5.75%
NOI $179,606
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 $1,502
Year Built 1997
Stories 1
Acreage 0.490
Parking Spaces 30 spaces
Parking per 1,000 SqFt 14.42
Investment Type Net Lease
Lease Commencement 12/19/2012
Ground Lease No
19+ Years at This Location | Abs NNN | 1.50% Annual Bumps
Investment highlights
- No Landlord Responsibilities: Absolute NNN lease structure
- Rental Increases: 1.50% annual increases
- Great Location: On Main St (ADT: 29,434), just East of S Emerson Ave (ADT: 20,433) and West of I-65 (ADT: 114,224)
- Retail Corridor: Franciscan Health, Sam’s Club, Walmart Supercenter, Starbucks, McDonald’s, Jimmy John’s, Wendy’s, Arby’s, Oaken Barrel Brewing Co., White Castle, Denny’s, Papa Johns, and many more
- Operating History: 19+ years of success at this location
Listing Contacts
Listed by Veritas Realty
Valuation Calculator
Login or Sign up to see Valuation Metrics
Sign up for Crexi to see valuation metrics for this property
Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$179,606.00
$14,967.17/mo
Valuation Metrics
0
DSCR
5.75%
Cap Rate
5.75%
ROI
Broker Selected Comps View More Comps
Property History
Tax History
Similar Properties
Additional Information
Name
License
Brokerage Phone
Title
Name
License
Brokerage Phone
Is there information that looks off?
