1504 Wilkins way - Fast Food FOR SALE
Mitchell, IN 47446 |
1504 Wilkins way
Mitchell, IN 47446
HIGHLIGHTS
- New 20-Year Absolute NNN Ground Lease
- 10% Rental Increases Every 5 Years Throughout Base Term and Options
- Strong Guaranty (96+ Locations), a Wholly-Owned Subsidiary of the Flynn Group
- Flynn Group is the World’s Largest Franchisee Operator of Restaurants and 3rd Largest Taco Bell Franchisee
- Average Unit-Level Sales of $2.2+ Million for Taco Bell, Equates to 3% Rent-to-Sales Ratio at This Location
- Significant Capital Investment by Tenant to Build Modern Taco Bell Prototype Design
FOR SALE DETAILS
PRICE
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CAP RATE
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% LEASED
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TENANCY
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BUILDING DETAILS
PROPERTY NAME
Taco Bell Ground Lease
PROPERTY TYPE
Retail
PROPERTY SUBTYPE
Fast Food
ADD'L SUBTYPES
Fast Food, Freestanding, Restaurant
TOTAL BUILDING SIZE
2274
STORIES
1
YEAR BUILT
2025
SPRINKLERS
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PARKING SPACES
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LAND DETAILS
LAND ACRES
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LAND SF
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ZONING
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APN/PARCEL ID
47-11-35-403-011.000-005
