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1047 Indiana 229
Batesville, IN 47006
Taco Bell · Retail Property For Sale
Executive Summary
Marcus & Millichap is pleased to present a newly constructed 2025 Taco Bell located in Batesville, Indiana. The property is secured by a new 25-year NNN lease featuring 7.5% rent increases every five years and five additional five-year renewal options. The asset is operated by a growing regional franchisee with a portfolio of nearly 500 locations nationwide. Strategically positioned adjacent to I-74, the site offers excellent visibility and access along the area’s primary commercial corridor, which experiences traffic counts with nearly 20,000 vehicles per day.
Property Facts Under Contract
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Building Size
1,950 SF
Building Class
B
Year Built
2025
Price
$3,612,744 CAD
Price Per SF
$1,852.69 CAD
Cap Rate
5.50%
NOI
$198,728 CAD
Tenancy
Single
Building Height
1 Story
Building FAR
0.08
Lot Size
0.56 AC
Frontage
237’ on Indiana 229
Amenities
- Freeway Visibility
- Restaurant
- Signage
- Drive Thru
- Air Conditioning
Property Taxes
| Parcel Number | 24-13-17-441-004.000-015 | Improvements Assessment | $8,634 CAD |
| Land Assessment | $72,776 CAD | Total Assessment | $81,410 CAD |
Property Taxes
Parcel Number
24-13-17-441-004.000-015
Land Assessment
$72,776 CAD
Improvements Assessment
$8,634 CAD
Total Assessment
$81,410 CAD
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