Listed by Veritas Realty
$2,399,009
Taco Bell | Evansville, IN
Details
Property Type Retail
Sub Type QSR/Fast Food, Restaurant
Square Footage 2,349
Cap Rate 5.75%
NOI $137,943
Occupancy 100%
Tenancy Single
Lease Type Absolute NNN
Lease Term 20
Lease Expiration 12/18/2032
Remaining Term 6.4
Rent Bumps Yes
Lease Options Four 5-Year Options
Price per SqFt $1,021
Year Built 2006
Acreage 1.030
Parking Spaces 36 spaces
Parking per 1,000 SqFt 15.33
Investment Type Net Lease
Lease Commencement 12/19/2012
Ground Lease No
Absolute NNN | 1.50% Annual Increases | 20+ Years Operating History
Investment highlights
- No Landlord Responsibilities: Absolute NNN lease structure
- Rental Increases: 1.50% annual increases
- Great Location: Access off N Green River Rd (ADT: 28,885)
- Retail Corridor: Eastland Mall (Macy's & Dillard's), Hobby Lobby, Olive Garden, BJ's Brewhouse, LongHorn Steakhouse, Starbuck's, McDonald's, Fazoli's, Boot Barn, and many more.
- Operating History: 20+ years of success at this location
- Parcel Size: 1.03 acres allows for future redevelopment opportunities
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
$137,943.00
$11,495.25/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?
