Taco Bell - Versailles, IN

608 S Adams St Versailles , IN 47042-9003

Taco Bell - Versailles, IN - retail for sale

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Overview



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. 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 608 S Adams St, Versailles, IN 47042-9003
Building size 2,053  ft2
Year built 2018
Financial
Price $2,483,333
Cap rate 5.10%
Current NOI $126,650.00
Lease
Tenant's name AgBell
Lease type NNN
Annual rent $126,650.00
Lease expiration date 12/28/2038
Remaining term 19.3Yrs

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