937 Main St, Atchison, KS 66002

Fortis Net Lease is pleased to present the opportunity to acquire an Absolute NNN Fee Simple investment occupied by Taco Bell and located at 937 Main Street in Atchison, Kansas. The property features a 2,061 square foot freestanding restaurant situated on a 0.62-acre parcel along Main Street, a primary commercial corridor serving the Atchison trade area. At the close of escrow, the tenant, KC Bell will sign a brand new 20 year Absolute NNN lease which will expire in 2046. This store has been in operation for 8 years so it has proven sales and a low 6.0% Rent to Sales Ratio.

KC Bell has been a Taco Bell Franchisee for more than 30 years and operates more than 30 locations with more under development. The absolute NNN lease will require zero landlord responsibilities and includes 8% increase every 5 years. These rent escalations are also included in the four, five year option periods.