2780 Belvidere Rd - Fast Food FOR SALE


Waukegan, IL 60085
$2,224,400 USD
605-370-4494
2780 Belvidere Rd, Waukegan, IL for Sale
$2,224,400 USD
Fast Food - FOR SALE
1/5
null | 5.9% Cap Rate

2780 Belvidere Rd
Waukegan, IL 60085


OVERVIEW

HEALTHY RENT-TO-SALES | CONSISTENT ANNUAL SALES GROWTH – Location is operating at a healthy 6.40% rent-to-sales ratio, additionally benefiting from consistent annual sales growth. ABSOLUTE NNN LEASE | ZERO LANDLORD RESPONSIBILITIES – The current lease is Absolute NNN, which means the tenant is responsible for taxes, insurance, CAM, and maintenance making this investment completely passive and ideal for an out of state investor. ±11 YEARS REMAINING | LONG TERM INVESTMENT – There are approximately ±11 years remaining on the base term with Four, 5-year options to extend, providing a long-term passive investment. ANNUAL RENT INCREASES | HEDGE AGAINST INFLATION – Lease benefits from annual rent increases of 1.25x the Increase in CPI Annually (Capped at 1.50%), providing a consistent hedge against inflation. BELL GREAT LAKES, LLC (60+ UNIT GUARANTEE) | LARGEST OPERATOR IN THE COUNTRY – The lease is guaranteed by Bell Great Lakes, LLC (60+ Units), a subsidiary of Flynn Restaurant Group (2,900+ Total Units). Flynn is the largest franchisee operator in the country generating over $5 billion in annual revenue across 44 states. TOP 5 RESTAURANT BRAND – Taco Bell is a leading restaurant brand, ranking as the 4th most popular restaurant chain nationwide, with sales exceeding $15 billion in 2023. Broker of Record Matthew M. Fitzgerald License No. 478027547 (IL)

FOR SALE DETAILS

PRICE

$2,224,400 USD

PRICE/SF

$856 USD /SF

CAP RATE

5.9%

% 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

2000

SPRINKLERS

-

PARKING SPACES

33

LAND DETAILS

LAND ACRES

0.7 AC

LAND SF

30,492 SF

ZONING

60

APN/PARCEL ID

08-30-200-026

ASK ABOUT THIS PROPERTY

Haidyn DeJeanMatthews Real Estate Investment ServicesMore Info
605-370-4494

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Haidyn DeJeanMatthews Real Estate Investment ServicesMore Info
605-370-4494

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