Taco Bell - Harrison Avenue

10421 Harrison Ave Harrison , OH 45030-1941

Taco Bell - Harrison Avenue - retail for sale

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Overview



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. 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


General
Property type Retail
Tenure type Sale/Purchase
Property address 10421 Harrison Ave, Harrison, OH 45030-1941
Building size 2,053  ft2
Year built 2018
Financial
Price $3,033,333
Cap rate 5.10%
Current NOI $154,700.00
Lease
Tenant's name AgBell
Lease type NNN
Annual rent $154,700.00
Lease expiration date 12/28/2038
Remaining term 19.3Yrs

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