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Taco Bell - Green Bay, WI 1897 Velp Ave 2,452 SF Retail Building Green Bay, WI 54303 $4,167,079 ($1,699.46/SF) 5.34% Cap Rate
INVESTMENT HIGHLIGHTS
- Long-term 20-year sale leaseback with zero landlord responsibilities.
- Impressive rent coverage ratio (inquire for details).
- Strong sales performance with healthy rent-to-sales ratio (inquire for details).
- Healthy hedge against inflation with 2% annual rent increases.
- Top 15% Taco Bell in the country, according to Placer.ai.
- Located directly off Hwy 41, a major north-south highway that runs from the Illinois-Wisconsin border up to northern Michigan (225 miles)
EXECUTIVE SUMMARY
We are pleased to exclusively offer for sale the 2,452 SF Taco Bell located at 1897 Velp Ave in Green Bay, WI. This deal includes a long-term 20-year sale leaseback with zero landlord responsibilities and a healthy hedge against inflation with 2% annual rent increases, providing investors with stable, passive income backed by a nationally recognized brand.
In Cooperation With ParaSell, Inc. , A Licensed Wisconsin Broker - Lic. #938545-91 BoR: Scott Reid - Lic. WI #58772-90
In Cooperation With ParaSell, Inc. , A Licensed Wisconsin Broker - Lic. #938545-91 BoR: Scott Reid - Lic. WI #58772-90
PROPERTY FACTS
Sale Type
Investment NNN
Sale Condition
Sale Leaseback
Property Type
Retail
Property Subtype
Building Size
2,452 SF
Building Class
C
Year Built
2006
Price
$4,167,079
Price Per SF
$1,699.46
Cap Rate
5.34%
NOI
$222,522
Tenancy
Single
Building Height
1 Story
Building FAR
0.07
Lot Size
0.85 AC
Frontage
97’ on Memorial Drive
AMENITIES
- Corner Lot
- Freeway Visibility
- Signage
- Drive Thru
- Wheelchair Accessible
- Air Conditioning
MAJOR TENANTS
- TENANT
- INDUSTRY
- SF OCCUPIED
- RENT/SF
- LEASE TYPE
- LEASE END
- Taco Bell
- Accommodation and Food Services
- 2,452 SF
- $90.75
- Triple Net
- -
| TENANT | INDUSTRY | SF OCCUPIED | RENT/SF | LEASE TYPE | LEASE END | |
| Taco Bell | Accommodation and Food Services | 2,452 SF | $90.75 | Triple Net | - |
Bike Score®
Very Bikeable (72)
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | VH-542-3-1-A | Improvements Assessment | $482,000 |
| Land Assessment | $159,600 | Total Assessment | $641,600 |
PROPERTY TAXES
Parcel Number
VH-542-3-1-A
Land Assessment
$159,600
Improvements Assessment
$482,000
Total Assessment
$641,600
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Taco Bell - Green Bay, WI | 1897 Velp Ave
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