Taco Bell
25-YR NNN | Chicago Metro
Marketing description
Marcus & Millichap is pleased to offer a single-tenant, net leased Taco Bell at a signalized, high-traffic corner on Chicago's Northwest Side, with over 31,800 combined VPD and immediate access to I-90. The 2,232 SF restaurant (built 2015, renovated 2025) is secured by a brand-new 25-year NNN lease with 7.5% rent bumps every five years, five 5-year renewal options, and zero landlord responsibilities — backed by Ampler Restaurant Group, a growing multi-brand franchisee of nearly 500 QSR locations. Set within the dense, affluent Chicago MSA (9.4M residents; ~790,000 within 5 miles, avg. HH income $102,826), the asset is offered at $2,290,598 at a 5.85% cap rate — a passive, long-term income opportunity backed by a national brand in an infill location.
Investment highlights
FRANCHISEE/TENANT: The Lease is backed by an expanding Regional Franchise Group with extensive industry experience at the corporate level managing strategic growth, as well as operations across North America and now responsible for leading the Ampler team with a portfolio of nearly 500 franchised restaurants under four QSR brands: TACO BELL, BURGER KING, CHURCH’S CHICKEN and LITTLE CAESARS
LONG TERM NNN LEASE: The property benefits from a 25-year NNN LEASE with Attractive 7.5% Rent Increases every Five (5) Years During Initial Term, as well as Five, 5-Year Options to Renew and Bringing Potential Lease Term to 50 Years | Zero Landlord Responsibilities
LOCATION: Located in an established outer urban neighborhood on Chicago’s Northwest Side, with a population of approximately 790,329 within a 5-mile radius. High-visibility, positioned at a signalized intersection at N. Northwest Highway and W. Foster Avenue, benefitting from a combined traffic count exceeding 31,800 vehicles per day. Immediate access to Interstate 90, which carries over 151,100 vehicles per day, via direct on/off ramps at N. Central Avenue.
CHICAGO MSA: The Chicago metropolitan area, often referred to as “Chicagoland”, is one of the largest and most economically influential regions in the United States, spanning parts of Illinois, Indiana, and Wisconsin. It is home to approximately 9.4 million residents, making it the third-largest metro area in the country and a major hub for commerce, transportation, and industry
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