1610 S 10th St
Mount Vernon, IL 62864
Taco Bell · Retail Property For Sale
INVESTMENT HIGHLIGHTS
- Long-Term Lease: the property has a remaining 20-year absolute NNN (Triple Net) lease, providing a stable and long-term investment opportunity
- Consistent Income Growth: the lease includes 1% annual rent increases, including option periods, ensuring steady growth in rental income over time
- Hassle-Free Investment: with zero landlord responsibilities, this property offers a truly passive income, since tenant is responsible for all expenses
- 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
PROPERTY FACTS
Property Type
Retail
Property Subtype
Fast Food
Building Size
2,274 SF
Building Class
B
Year Built
2019
Tenancy
Single
Building Height
1 Story
Building FAR
0.06
Lot Size
0.89 AC
Zoning
Commercial
Parking
22 Spaces (9.67 Spaces per 1,000 SF Leased)
Frontage
220’ on S 10th St
AMENITIES
- Pylon Sign
PROPERTY TAXES
| Parcel Numbers | Improvements Assessment | $306,445 | |
| Land Assessment | $10,338 | Total Assessment | $316,783 |
