1610 S 10th St - Fast Food FOR SALE


Mount Vernon, IL 62864
$1,900,000 USD
408-453-7419
1610 S 10th St, Mount Vernon, IL for Sale
$1,900,000 USD
Fast Food - FOR SALE
1/4
null | 5.13% Cap Rate

1610 S 10th St
Mount Vernon, IL 62864


HIGHLIGHTS

  • Long-Term Lease: the property has a remaining 20-year absolute NNN (Triple Net) lease, providing a stable and long-term investment opportunity
  • Hassle-Free Investment: with zero landlord responsibilities, this property offers a truly passive income, since tenant is responsible for all expenses
  • Consistent Income Growth: the lease includes 1% annual rent increases, including option periods, ensuring steady growth in rental income over time
  • op Franchisee: this Taco Bell is operated by K-MAC, a top franchisees in the US, with over 300 locations, indicating a strong & reliable tenant

OVERVIEW

CBRE is pleased to present a single-tenant Taco Bell located at 1610 S. 10th Street in Mt. Vernon, Illinois. This property, built in 2019, has an absolute NNN lease with zero landlord responsibilities. K-MAC, one of the leading Taco Bell Franchisee, is the guarantor on the lease. The lease features 1% annual rent increases in the base lease term, as well as in the four (4) five-year option periods. Situated on S. 10th Street between Gilbert Street and Wescott Street, the property runs through a significant thoroughfare in the heart of downtown Mt. Vernon, serving as a key route for local traffic and commerce.

FOR SALE DETAILS

PRICE

$1,900,000 USD

PRICE/SF

$836 USD /SF

CAP RATE

5.13%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Taco Bell

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Fast Food

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2019

SPRINKLERS

-

PARKING SPACES

22

LAND DETAILS

LAND ACRES

0.89 AC

LAND SF

38,768 SF

ZONING

Commercial

APN/PARCEL ID

07-32-354-018,07-32-354-019

ASK ABOUT THIS PROPERTY

James KayeCBRE, Inc.More Info
408-453-7419

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James KayeCBRE, Inc.More Info
408-453-7419

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.