Taco Bell - Gest Street

Asset Type

Retail

Address
1003 Gest St Cincinnati, OH United States 45203-1111
Asking Price

S$2,836,000

Sq Footage

2,392

Year Built

2017

Cap Rate

5.10%

Additional Attributes
Current / Passing Rent S$144,700
Escalations 10% every 5 years
Lease Expiration 2038-12-28
Lease Type NNN
Options 5, 5-year
Tenant AgBell

Property Description

Taco Bell location for sale, a fee-simple interest property located in Cincinnati, home to over 2 million people. Taco Bell is an industry leader in the QSR sector, with over 7,072 restaurants throughout the world. AgBell is the operator and operates 37 other Taco Bell locations throughout the Cincinnati area. Investors have the rare opportunity to acquire a property in one of Ohio's most active retail markets with a reliable tenant that is backed by a parent that manages a portfolio of real estate valued at over one billion dollars. Cincinnati is home to more Fortune 500 companies per capita than New York, Los Angeles and Chicago. Property is in a growing and developing neighborhood, with significant retail developments.

Investment Highlights

  • Fee simple interest
  • Long-term lease with 10% rental increases every 5 years
  • Five 5-year renewal option periods
  • Zero landlord responsibilities
  • Taco Bell has outperformed the QSR industry in revenue growth nearly every year from 2013 to 2018
  • Backed by AGBell, the parent company of Taco Bell that manages a portfolio of real estate valued at over $1 billion


Listing Contacts
Nicholas Kanich
Nicholas Kanich
SVP, Capital Markets
+65 3159 4021
IL - 475147401
Rusty Myers
Rusty Myers
President
+65 3159 4021
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