832 Factory Outlet Blvd - Fast Food FOR SALE


West Frankfort, IL 62896
$1,538,000 USD
949-506-2009
832 Factory Outlet Blvd, West Frankfort, IL for Sale
$1,538,000 USD
Fast Food - FOR SALE
1/10
null | 5.75% Cap Rate

832 Factory Outlet Blvd
West Frankfort, IL 62896


HIGHLIGHTS

  • Over 12 Years Remaining | Annual Rental Increases | Established Franchisee | Options to Extend
  • Absolute NNN | Fee Simple Ownership | Zero Landlord Responsibilities
  • Across from West Frankfort Plaza (117,000 SF) | Dense Retail Corridor | Nearby Schools
  • Hard Corner Intersection | State Hwy 37 |Excellent Visibility & Access
  • Strong Demographics in 5-Mile Trade Area

OVERVIEW

SRS National Net Lease is pleased to offer the opportunity to acquire the fee simple interest (land & building ownership) in an absolute NNN leased, Taco Bell investment property located in West Frankfort, Illinois. The tenant currently has over 12 years remaining with 5 (5-year) options to extend, demonstrating their commitment to the site. The lease features 1% annual rental increases throughout the initial term and options thereafter, steadily growing NOI and hedging against inflation. The lease is absolute NNN with zero landlord responsibilities making it an ideal, management free investment opportunity for a passive investor. Taco Bell is part of a family of fast food powerhouses which include both KFC and Pizza Hut. There are 8,016 Taco Bell locations in the United States as of November 11, 2024.

FOR SALE DETAILS

PRICE

$1,538,000 USD

PRICE/SF

$695 USD /SF

CAP RATE

5.75%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Taco Bell | 12+yrs Abs NNN w/ Annual Incrs

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Fast Food

ADD'L SUBTYPES

Freestanding

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2017

SPRINKLERS

-

PARKING SPACES

30

LAND DETAILS

LAND ACRES

0.72 AC

LAND SF

31,363 SF

ZONING

General Commercial

APN/PARCEL ID

-

ASK ABOUT THIS PROPERTY

Calvin ShortSRS National Net LeaseMore Info
949-506-2009

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Calvin ShortSRS National Net LeaseMore Info
949-506-2009

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