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Taco Bell Ground Lease 5935 W 86th St 3,636 SF Retail Building Indianapolis, IN 46278 $1,900,000 ($522.55/SF) 5% Cap Rate
Investment Highlights
- New 15-Year Absolute NNN Ground Lease with 10% Increases Every 5 Years
- Strong Guaranty (96+ Locations), a Wholly Owned Subsidiary of the Flynn Group
- Average Unit-Level Sales of $2.2+ Million for Taco Bell, Equates to 4.3% Rent-to-Sales Ratio at This Location
- Relocation of High-Performing Store Across the Street, Proven Concept in Trade Area
- Flynn Group is the World’s Largest Franchisee Operator of Restaurants and 3rd Largest Taco Bell Franchisee
- Significant Tenant Investment to Build Modern Taco Bell Prototype Design with a Drive-Thru
Property Facts
Sale Type
Investment NNN
Sale Condition
Ground Lease (Leased Fee)
Property Type
Retail
Property Subtype
Building Size
3,636 SF
Building Class
B
Year Built/Renovated
1993/2026
Price
$1,900,000
Price Per SF
$522.55
Cap Rate
5%
NOI
$95,000
Tenancy
Single
Building Height
1 Story
Building FAR
0.06
Lot Size
1.35 AC
Zoning
C-3 - Neighborhood Commercial District
Parking
33 Spaces (9.08 Spaces per 1,000 SF Leased)
Frontage
Amenities
- Drive Thru
Fairly walkable
40/100
Exceptionally drivable
100/100
Limited public transit
30/100
Fairly bikeable
40/100
Nearby Major Retailers
Property Taxes
| Parcel Number | 49-04-23-103-025.000-600 | Improvements Assessment | $430,000 |
| Land Assessment | $332,500 | Total Assessment | $762,500 |
Property Taxes
Parcel Number
49-04-23-103-025.000-600
Land Assessment
$332,500
Improvements Assessment
$430,000
Total Assessment
$762,500
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