Taco Bell - Net Lease Property for Sale
Waukegan, IL
Key Investment Metrics
Price
$2,151,481
Cap Rate
6.1%
Net Operating Income
$131,240
Building Size
2642 SF
Lot Size
2,642 SF
Land Area
0.7 Acres
Remaining Term
10.2 years
Lease Expiration
03/29/2036
Lease Term
20 years
Lease Commencement
03/30/2016
Lease Type
Absolute NNN
Tenant Credit
Corporate Guarantee
Year Built
2001
Occupancy
100%
Tenancy
Single
Rent Increases
1.25x The Increase In CPI Annually (Capped at 1.50%)
About This Taco Bell Net Lease Property
This Taco Bell NNN (triple net lease) property is located in Waukegan, IL and represents an excellent investment opportunity for commercial real estate investors. The property features 2642 square feet of building space and was built in 2001.
With a cap rate of 6.1%, this Taco Bell net lease property offers stable income potential. The asking price is $2,151,481, making it an attractive option for 1031 exchange investors seeking quality Taco Bell commercial properties.
Why Invest in Taco Bell NNN Properties?
- Stable Income: Taco Bell net lease properties provide predictable cash flow with minimal landlord responsibilities.
- Strong Tenant: Taco Bell is a nationally recognized brand with proven operational success.
- 1031 Exchange Eligible: This property qualifies for 1031 tax-deferred exchanges, allowing investors to defer capital gains taxes.
- Triple Net Lease: The tenant is responsible for property taxes, insurance, and maintenance, reducing landlord obligations.
Waukegan, IL Market Overview
Located in Waukegan, IL, this Taco Bell property benefits from strong local demographics and market fundamentals. The Waukegan area offers excellent visibility and accessibility, making it an ideal location for Taco Bell operations and a solid investment for net lease property buyers.