2780 Belvidere Rd - Fast Food FOR SALE
Waukegan, IL 60085 |
$2,151,481 USD
248-702-0288
2780 Belvidere Rd
Waukegan, IL 60085
HIGHLIGHTS
- Absolute Net Lease | Zero Landlord Responsibilities
- Annual Rent Increases - Lease Benefits From Annual Rent Increases Of 1.25x The Increase In CPI Annually (Capped at 1.50%)
- 10+ Years Remain on an Original 20-Year Lease With Four (4) - Five (5) Year Options To Renew
- 60+ Unit Guarantor By Bell Great Lakes, LLC, an Affiliate Of Flynn Restaurant Group, Which Holds The Title For Largest Franchise Operator In The USA
- Top Performing Location With a Healthy Rent-To-Sales Ratio | 6.35% In 2022, 2023, and 2024 | Ranked 44 out of 152 Taco Bell Locations in 50 Miles
- 5-Mile Population: 150,000
FOR SALE DETAILS
PRICE
$2,151,481 USD
PRICE/SF
$827 USD /SF
CAP RATE
6.1%
% 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
2000
SPRINKLERS
-
PARKING SPACES
33
LAND DETAILS
LAND ACRES
0.7 AC
LAND SF
30,492 SF
ZONING
60
APN/PARCEL ID
08-30-200-026
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248-702-0288
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248-702-0288
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