Taco Bell - Versailles, IN

Asset Type

Retail

Address
608 S Adams St Versailles, IN United States 47042-9003
Asking Price

S$3,402,000

Sq Footage

2,053

Year Built

2018

Cap Rate

5.10%

Additional Attributes
Current / Passing Rent S$173,600
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 with drive-thru for sale in Versailles, Indiana, right outside the Cincinnati area. The property is an outparcel to IGA Grocery, the largest grocery store in Versailles. Located along U.S. Route 421, easily accessible from U.S. Route 50 and the only Taco Bell within a 20-mile radius. 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. Investors have the rare opportunity to acquire a property in an active retail market with a reliable tenant that is backed by a parent that manages a portfolio of real estate valued at over one billion dollars.

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
Adam Broderick
Adam Broderick
Executive Vice President
+65 3159 4021
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