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420 W Virginia St
Crystal Lake, IL 60014
Taco Bell · Retail Property For Sale
Investment Highlights
- ABSOLUTE NNN LEASE – The current lease is Absolute NNN, which means the tenant is responsible for taxes, insurance, CAM.
- ATTRACTIVE RENTAL INCREASES – The lease is subject to 10% rental increases every 5 years, providing a hedge against inflation.
- TOP 5 RESTAURANT BRAND – Taco Bell is a top performing brand ranking as the 4th most popular restaurant chain nationwide.
- ±9.5 YEARS REMAINING – There are approximately 9.5 years remaining on the base term with Four, 5 Year Options to extend showcasing tenants long term.
- AG BELLS II, LLC GUARANTEE –The lease is guaranteed by AG Bells II, LLC, providing a strong 55-unit guarantee from a large regional operator.
Property Facts
Property Type
Retail
Property Subtype
Fast Food
Building Size
2,872 SF
Building Class
B
Year Built
2008
Tenancy
Single
Building Height
1 Story
Building FAR
0.23
Lot Size
0.29 AC
Zoning
B-2, Crystal Lake - Commercial
Parking
20 Spaces (6.96 Spaces per 1,000 SF Leased)
Frontage
86’ on Virginia St
Amenities
- Pylon Sign
- Drive Thru
- Wheelchair Accessible
- Air Conditioning
- Smoke Detector
Property Taxes
| Parcel Number | 19-06-284-021 | Improvements Assessment | $208,727 |
| Land Assessment | $49,736 | Total Assessment | $258,463 |
Property Taxes
Parcel Number
19-06-284-021
Land Assessment
$49,736
Improvements Assessment
$208,727
Total Assessment
$258,463
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