Listed by Duncan Commercial Real Estate
$1,755,000
Taco Bell
Details
Property Type Retail
Sub Type QSR/Fast Food, Restaurant
Square Footage 39,000
Units 54
Cap Rate 5.25%
NOI $92,142
Occupancy 100%
Tenancy Single
Brand/Tenant Taco Bell
Lease Type Absolute NNN
Lease Expiration 12/21/2031
Rent Bumps Yes
Lease Options Two (2) five (5) year options
Price per SqFt $45
Year Built 2001
Buildings 1
Acreage 0.900
Zoning C2-Commercial
Parking Spaces 54 spaces
Parking Per SqFt 1.38
Investment Type Net Lease
Lease Commencement 12/23/2021
Ground Lease No
Sale Condition 1031 exchange
Retail | 5.25% CAP
Marketing description
A rare ground lease investment opportunity featuring a lease with ABTB Louisville, LLC, operating 39 units. The lease has nearly six years of firm term remaining and two five-year renewal options extending through 2041. The property generates $92,142 in current annual NNN rent with a scheduled increase to over $104,000 in December 2026. Situated along the rapidly revitalizing Dixie Highway corridor, the site benefits from significant surrounding investment including new Wawa, RaceTrac, Freddy's, and LongHorn Steakhouse developments. A truly passive investment with strong tenancy in one of Louisville's most active growth corridors.
Investment highlights
- Triple-Net (NNN) lease structure — minimal landlord obligations
- Two (2) five-year renewal options provide long-term income stability
- Eleven percent (11%) rent bumps every five years — built-in income growth
- Nationally recognized Taco Bell brand with strong consumer demand
Listing Contacts
Listed by Duncan Commercial Real Estate
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Loan Amount
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Annual Debt Service
$--
$--
Annual Cash Flow
$92,142.00
$7,678.50/mo
Valuation Metrics
0
DSCR
5.25%
Cap Rate
5.25%
ROI
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