1504 Wilkins way - Retail FOR SALE
Mitchell, IN 47446 |
$1,238,000 USD
858-373-3174
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
$1,238,000 USD
PRICE/SF
$544 USD /SF
CAP RATE
5.25%
% LEASED
-
TENANCY
Single
SALE TYPE
Investment
ON GROUND LEASE
Yes
BUILDING DETAILS
PROPERTY NAME
Taco Bell Ground Lease
PROPERTY TYPE
Retail
ADD'L SUBTYPES
Fast Food, Freestanding, Restaurant
TOTAL BUILDING SIZE
-
STORIES
1
YEAR BUILT
2025
SPRINKLERS
-
PARKING SPACES
-
LAND DETAILS
LAND ACRES
-
LAND SF
-
ZONING
-
APN/PARCEL ID
47-11-35-403-011.000-005
ASK ABOUT THIS PROPERTY
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858-373-3174
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Please correct the highlighted field(s).
858-373-3174
By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.
