Taco Bell - Reading Road

9188 Reading Rd Cincinnati , OH 45215-3343

Taco Bell - Reading Road - retail for sale

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Overview



Newly-constructed Taco Bell restaurant for sale in Cincinnati, Ohio. 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. Over 71,000 residents within a 3-mile radius of the asset. 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


General
Property type Retail
Property subtype Single tenant/Standalone
Tenure type Sale/Purchase
Property address 9188 Reading Rd, Cincinnati, OH 45215-3343
Building size 2,090  ft2
Year built 2018
Financial
Price $2,333,333
Cap rate 5.10%
Current NOI $119,000.00
Lease
Tenant's name AgBell
Annual rent $119,000.00
Lease expiration date 12/28/2038
Remaining term 19.3Yrs

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