Taco Bell | 400+ Unit Guarantor | 13-Yr NNN

2,212 SF | Retail Building | West Frankfort, IL 62896 | $1,608,000 ($727/SF) | 5.50% Cap Rate

Date Added:
September 16, 2024
Days on Market:
2 days

Asking Price $1,608,000

Property Type
Retail, Restaurant
Square Feet
2,212 SF
Price / Square Foot
$727

Listing Contacts

Calvin Short
Calvin Short
Verified Profile
Matt Coates
Matt Coates
Verified Profile
Gary Chou
Gary Chou
Verified Profile
Aron Cline
Aron Cline
Verified Profile
  • Property Info

Property Overview

• Long-term investment | Just under 13 years remaining on the base lease term
• Absolute NNN lease | Zero Landlord responsibilities
• Strong guarantee | Lease is backed by K-Mac Enterprises, Inc., the second largest Taco Bell franchisee in the country nearly 400 locations across 10 states
• K-Mac generated ±$639MM in 2023 and operates over 457 restaurants across the Taco Bell, Whataburger, and 7 Brew Coffee brands
• Located directly off I-57 which sees 38,500 VPD
• Excellent access and visibility from State Highway 149 which sees ±16,150 VPD
• Directly across the street from a Kroger and Ollie’s Bargain Outlet-anchored shopping center
• Annual rent increases to provide a hedge against inflation
• About 1.5 miles from Frankfort Community High School | 434 students
• Industry-leading brand with over 8,200 locations across 30+ countries, serving over 40MM customers weekly in the U.S. alone
• Over $11.7B in global sales for Yum! Brands

Property Details

Class
C
Year Built
2017
Stories
1
Property Subtype
Freestanding
Lot Size (sq. ft)
31,363 SF

Highlights

  • Long-term investment | Just under 13 years remaining on the base lease term
  • Absolute NNN lease | Zero Landlord responsibilities
  • Strong guarantee | Lease is backed by K-Mac Enterprises, Inc., the second largest Taco Bell franchisee in the country nearly 400 locations across 10 s
  • Located directly off I-57 which sees 38,500 VPD
  • Directly across the street from a Kroger and Ollie’s Bargain Outlet-anchored shopping center
  • Annual rent increases to provide a hedge against inflation

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