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Taco Bell Ground Lease 1504 Wilkins way 2,274 SF Retail Building Mitchell, IN 47446 $1,238,000 ($544.42/SF) 5.25% Cap Rate
Investment Highlights
- New 20-Year Absolute NNN Ground Lease
- Strong Guaranty (96+ Locations), a Wholly-Owned Subsidiary of the Flynn Group
- Average Unit-Level Sales of $2.2+ Million for Taco Bell, Equates to 3% Rent-to-Sales Ratio at This Location
- 10% Rental Increases Every 5 Years Throughout Base Term and Options
- Flynn Group is the World’s Largest Franchisee Operator of Restaurants and 3rd Largest Taco Bell Franchisee
- Significant Capital Investment by Tenant to Build Modern Taco Bell Prototype Design
Property Facts
Sale Type
Investment NNN
Sale Conditions
Property Type
Building Size
2,274 SF
Building Class
B
Year Built
2025
Price
$1,238,000
Price Per SF
$544.42
Cap Rate
5.25%
NOI
$65,000
Tenancy
Single
Building Height
1 Story
Somewhat walkable
30/100
Exceptionally drivable
100/100
Somewhat bikeable
20/100
Property Taxes
| Parcel Number | 47-11-35-403-011.000-005 | Improvements Assessment | $0 |
| Land Assessment | $86,400 | Total Assessment | $86,400 |
Property Taxes
Parcel Number
47-11-35-403-011.000-005
Land Assessment
$86,400
Improvements Assessment
$0
Total Assessment
$86,400
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Taco Bell Ground Lease | 1504 Wilkins way
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