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Taco Bell | 12+yrs Abs NNN w/ Annual Incrs 832 Factory Outlet Blvd 2,212 SF Retail Building West Frankfort, IL 62896 $2,146,925 CAD ($970.58 CAD/SF) 5.75% Cap Rate
INVESTMENT HIGHLIGHTS
- Over 12 Years Remaining | Annual Rental Increases | Established Franchisee | Options to Extend
- Across from West Frankfort Plaza (117,000 SF) | Dense Retail Corridor | Nearby Schools
- Strong Demographics in 5-Mile Trade Area
- Absolute NNN | Fee Simple Ownership | Zero Landlord Responsibilities
- Hard Corner Intersection | State Hwy 37 |Excellent Visibility & Access
EXECUTIVE SUMMARY
SRS National Net Lease is pleased to offer the opportunity to acquire the fee simple interest (land & building ownership) in an absolute NNN leased, Taco Bell investment property located in West Frankfort, Illinois. The tenant currently has over 12 years remaining with 5 (5-year) options to extend, demonstrating their commitment to the site. The lease features 1% annual rental increases throughout the initial term and options thereafter, steadily growing NOI and hedging against inflation. The lease is absolute NNN with zero landlord responsibilities making it an ideal, management free investment opportunity for a passive investor. Taco Bell is part of a family of fast food powerhouses which include both KFC and Pizza Hut. There are 8,016 Taco Bell locations in the United States as of November 11, 2024.
PROPERTY FACTS Under Contract
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Building Size
2,212 SF
Building Class
C
Year Built
2017
Price
$2,146,925 CAD
Price Per SF
$970.58 CAD
Cap Rate
5.75%
NOI
$123,471 CAD
Tenancy
Single
Building Height
1 Story
Building FAR
0.07
Lot Size
0.72 AC
Zoning
General Commercial
Parking
30 Spaces (13.56 Spaces per 1,000 SF Leased)
AMENITIES
- Freeway Visibility
- Pylon Sign
- Restaurant
- Signage
- Skylights
- Drive Thru
- Air Conditioning
- Smoke Detector
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | 1123428003 | Improvements Assessment | $791,801 CAD |
| Land Assessment | $141,622 CAD | Total Assessment | $933,422 CAD |
PROPERTY TAXES
Parcel Number
1123428003
Land Assessment
$141,622 CAD
Improvements Assessment
$791,801 CAD
Total Assessment
$933,422 CAD
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Taco Bell | 12+yrs Abs NNN w/ Annual Incrs | 832 Factory Outlet Blvd
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