2235 State St
Chester, IL 62233
Taco Bell · Retail Property For Sale

Marcus & Millichap is pleased to present this net leased Taco Bell property in Chester, Illinois. The 2,212 square foot building sits on 0.589 acres with excellent exposure off of U.S. Route 150. The property is ideally positioned across the street from Walmart, and adjacent to McDonald’s, O’Reilly Auto Parts and First Bank. The Taco Bell prototype construction was completed in 2017 with Taco Bell signing a brand new 20 year lease. Taco Bell signed their 20 year lease with their initial rent commencement of July 12, 2017 and expiration of July 31, 2037 leaving more than 19 years left on the current lease. The lease is absolute triple-net, calling for zero responsibility from the landlord as the tenant is responsible for all expenses associated with the property and the roof and structural components of the building as well. There are rare 1 percent annual rent escalations in the base term and in each of the five, five-year renewal options. The lease is guaranteed by K-Mac Enterprises, which is the second largest Taco Bell franchisee in the country with almost 300 locations spanning 9 states.