Listed by Marcus & Millichap - Denver
$2,242,000
Taco Bell
Details
Property Type Retail
Sub Type QSR/Fast Food, Restaurant
Square Footage 2,416
Cap Rate 6.09%
NOI $134,492
Occupancy 100%
Tenancy Single
Brand/Tenant Taco Bell
Lease Type Absolute NNN
Lease Term 20
Lease Expiration 08/20/2033
Remaining Term 7
Rent Bumps Yes
Lease Options 6 x 5-Year options
Class B
Year Built 1999
Acreage 0.650
Investment Type Net Lease
Tenant Credit Franchisee
Lease Commencement 08/21/2013
Ground Lease No
Sale Condition N/A
Retail | 6.09% CAP | 2,416 SqFt
Investment highlights
- LONG-TERM ABSOLUTE NNN LEASE
- INSTITUTIONAL-SCALE FRANCHISEE
- PROVEN OPERATING HISTORY
- HIGH-TRAFFIC RETAIL LOCATION
- STRONG ST. LOUIS INFILL LOCATION
Listing Contacts
Listed by Marcus & Millichap - Denver
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$134,492.00
$11,207.67/mo
Valuation Metrics
0
DSCR
6%
Cap Rate
6%
ROI
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