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2780 Belvidere Rd
Waukegan, IL 60085
Taco Bell · Retail Property For Sale
INVESTMENT HIGHLIGHTS
- Absolute Net Lease | Zero Landlord Responsibilities
- 10+ Years Remain on an Original 20-Year Lease With Four (4) - Five (5) Year Options To Renew
- Top Performing Location With a Healthy Rent-To-Sales Ratio | 6.35% In 2022, 2023, and 2024 | Ranked 44 out of 152 Taco Bell Locations in 50 Miles
- Annual Rent Increases - Lease Benefits From Annual Rent Increases Of 1.25x The Increase In CPI Annually (Capped at 1.50%)
- 60+ Unit Guarantor By Bell Great Lakes, LLC, an Affiliate Of Flynn Restaurant Group, Which Holds The Title For Largest Franchise Operator In The USA
- 5-Mile Population: 150,000
EXECUTIVE SUMMARY
Absolute Net Lease | Zero Landlord Responsibilities
PROPERTY FACTS
Sale Type
Investment
Property Type
Retail
Property Subtype
Fast Food
Building Size
2,600 SF
Building Class
C
Year Built
2000
Price
$2,151,481
Price Per SF
$827.49
Cap Rate
6.10%
NOI
$131,240
Tenancy
Single
Building Height
1 Story
Building FAR
0.09
Lot Size
0.70 AC
Zoning
60 - General Commercial
Parking
33 Spaces (12.69 Spaces per 1,000 SF Leased)
Frontage
211’ on Belvidere Road
AMENITIES
- Restaurant
- Signage
- Signalized Intersection
- Drive Thru
PROPERTY TAXES
| Parcel Number | 08-30-200-026 | Improvements Assessment | $154,586 |
| Land Assessment | $106,120 | Total Assessment | $260,706 |
PROPERTY TAXES
Parcel Number
08-30-200-026
Land Assessment
$106,120
Improvements Assessment
$154,586
Total Assessment
$260,706
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