Taco Bell - Harrison Avenue

Asset Type

Retail

Address
10421 Harrison Ave Harrison, OH United States 45030-1941
Asking Price

S$4,155,000

Sq Footage

2,053

Year Built

2018

Cap Rate

5.10%

Additional Attributes
Current / Passing Rent S$211,900
Escalations 10% every 5 years
Lease Expiration 2038-12-28
Lease Type NNN
Options 5, 5-year
Tenant AgBell

Property Description

Newly-constructed Taco Bell restaurant for sale on Harrison Avenue in Harrison, Ohio. The property is an outparcel to Kroger Marketplace, with other national retailers including Home Depot, Kroger, Dollar Tree, Tractor Supply, Big Lots, and Buffalo Wild Wings. Easily accessible to I-74 and within 2 miles of 1.2 million sq. ft. of retail space. Harrison is a growing suburb of Cincinnati with 17,000 residents within a 3-mile radius who have an average household income of $78,000. Cincinnati is home to more Fortune 500 companies per capita than New York, Los Angeles, and Chicago. Taco Bell is an industry leader in the QSR sector, with over 7,072 restaurants throughout the world. Property is operated by AGBell, who operates another 37 Taco Bell locations throughout the Cincinnati area.

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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