Asking Price
Sq. Footage 2,053
NOI Net Operating Income
Cap Rate 5.25%

Attributes

Year Built 2018
Lease Type NNN
Current / Passing Rent
Lease Expiration 2040-02-28
Remaining Term 20 years, 1 month
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
Nicholas Kanich
Nicholas Kanich
SVP, Capital Markets
Licensed in
IL - 475147401
Adam Broderick
Adam Broderick
Executive Vice President

JLL  financing

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