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Taco Bell 1305 N Main St 1,944 SF Retail Building Orrville, OH 44667 $2,989,592 CAD ($1,537.86 CAD/SF) 5.76% Cap Rate
Investment Highlights
- ABS NNN Taco Bell backed by Charter Foods (±453 unit operator)
- 25 year operating history with extremely strong sales (contact agent for details)
- Orrville is an affluent community with an average household income in excess of $97,293 (5 Mile radius)
- ±8.25 years of remaining lease term, with four (4), five-year renewal options
- Taco Bell signed a brand new 20-year lease in 2024, proving their long term commitment to the location and market
- Annual rent escalations of 1.5% support steady organic income growth
Executive Summary
Name
Matt Wallace
Company
Matthews Real Estate Investment Services, Inc
Firm & License
License # REC.2022007141, BRKP.2024002419 (OH)
Address
950 Main Ave., Suite 510, Cleveland, OH 44113
Phone
(866) 889-0550
Matt Wallace
Company
Matthews Real Estate Investment Services, Inc
Firm & License
License # REC.2022007141, BRKP.2024002419 (OH)
Address
950 Main Ave., Suite 510, Cleveland, OH 44113
Phone
(866) 889-0550
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Fast Food
Building Size
1,944 SF
Building Class
C
Year Built
2000
Price
$2,989,592 CAD
Price Per SF
$1,537.86 CAD
Cap Rate
5.76%
NOI
$172,307 CAD
Tenancy
Single
Building Height
1 Story
Zoning
C-3
Parking
40 Spaces (10 Spaces per 1,000 SF Leased)
Somewhat walkable
30/100
Exceptionally drivable
100/100
Somewhat bikeable
20/100
Nearby Major Retailers
Property Taxes
| Parcel Number | 59-01379-004 | Improvements Assessment | $241,219 CAD |
| Land Assessment | $50,364 CAD | Total Assessment | $291,582 CAD |
Property Taxes
Parcel Number
59-01379-004
Land Assessment
$50,364 CAD
Improvements Assessment
$241,219 CAD
Total Assessment
$291,582 CAD
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Taco Bell | 1305 N Main St
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