1135 W Walnut St - Fast Food FOR SALE


Albany, IN 47320
$2,159,300 USD
248-419-3811
1135 W Walnut St, Albany, IN for Sale
$2,159,300 USD
Fast Food - FOR SALE
1/5
null | 5.65% Cap Rate

1135 W Walnut St
Albany, IN 47320


HIGHLIGHTS

  • New 25 Year Absolute NNN Lease | Brand New 2025 Construction
  • Zero Landlord Responsibilities
  • Tenant Lease Includes 350+ Unit Entity (K Mac Enterprises)
  • Median Home Value More than $190,000 within 5 Miles
  • Average Household Income More than $80,000 within 5 Miles

OVERVIEW

Fortis Net Lease is pleased to present a brand-new free-standing Taco Bell located in Albany, IN. K-MAC Enterprises, a 350+ Unit Entity, recently signed a new 25-year lease that will expire in February 2050. The entire 350+ Unit Entity is behind the lease. This absolute NNN lease requires zero landlord responsibilities and includes 1% annual increases to hedge against inflation. These rent escalations are also included in the Four - (5) five-year option periods. This is an ideal opportunity for an investor to purchase a passive income real estate asset with absolutely zero management responsibilities. The tenant is responsible for all property taxes, insurance and capital expenditures including the roof, structure, parking lot & HVAC.

FOR SALE DETAILS

PRICE

$2,159,300 USD

PRICE/SF

$950 USD /SF

CAP RATE

5.65%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Taco Bell

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Fast Food

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2025

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

1.35 AC

LAND SF

58,719 SF

ZONING

C-1

APN/PARCEL ID

18-08-02-327-001.000-005

ASK ABOUT THIS PROPERTY

Marvin DeLauraFortis Net LeaseMore Info
248-419-3811

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Marvin DeLauraFortis Net LeaseMore Info
248-419-3811

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.