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1680 W State St 2,280 SF Retail Building Baden, PA 15005 $1,300,000 ($570.18/SF) 5.51% Cap Rate
Investment Highlights
- Charter Foods LLC is a prominent franchisee founded in 1998 and based in Tennessee, and operates over 200 locations
- According to Placer.ai, the restaurant operating on W. State Street in Baden, PA ranks in the top 17% nationwide and top 25% statewide.
- The property benefits from a 25-year Absolute Triple Net Lease with 15 years remaining and attractive 10% Rent Increases every Five (5) Years
Executive Summary
Marcus & Millichap is pleased to present a high-performing Taco Bell located in Baden, Pennsylvania, featuring a long-term ground lease. The property offers approximately 15 years of remaining term with 10% rental increases every five years, along with one 4.5-year renewal option. According to Placer.ai, this location ranks in the top 17% nationwide and the top 25% within the state. The asset is operated by Charter Foods, a well-established franchisee with a portfolio of more than 200 restaurant locations.
Property Facts
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Building Size
2,280 SF
Building Class
C
Year Built
1962
Price
$1,300,000
Price Per SF
$570.18
Cap Rate
5.51%
NOI
$71,604
Tenancy
Single
Building Height
1 Story
Building FAR
0.07
Lot Size
0.75 AC
Parking
45 Spaces (10 Spaces per 1,000 SF Leased)
Frontage
108’ on W State St
Amenities
- Bus Line
- Freeway Visibility
- Pylon Sign
- Drive Thru
Somewhat walkable
20/100
Exceptionally drivable
100/100
Limited public transit
20/100
Not bikeable
10/100
Nearby Major Retailers
Property Taxes
| Parcel Number | 60-174-0176.000 | Improvements Assessment | $996,300 |
| Land Assessment | $189,750 | Total Assessment | $1,186,050 |
Property Taxes
Parcel Number
60-174-0176.000
Land Assessment
$189,750
Improvements Assessment
$996,300
Total Assessment
$1,186,050
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1680 W State St
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