Taco Bell | 400+ Unit Guarantor | 13-Yr NNN | 832 Factory Outlet Blvd
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Taco Bell | 400+ Unit Guarantor | 13-Yr NNN 832 Factory Outlet Blvd
2,212 SF Retail Building West Frankfort, IL 62896 $2,279,292 CAD ($1,030 CAD/SF) 5.50% Cap Rate
Investment Highlights
- Long-term investment | Just under 13 years remaining on the base lease term
- 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
- Directly across the street from a Kroger and Ollie’s Bargain Outlet-anchored shopping center
- Absolute NNN lease | Zero Landlord responsibilities
- Located directly off I-57 which sees 38,500 VPD
- Annual rent increases to provide a hedge against inflation
Executive Summary
• 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
• 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 Facts
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Building Size
2,212 SF
Building Class
C
Year Built
2017
Price
$2,279,292 CAD
Price Per SF
$1,030 CAD
Cap Rate
5.50%
NOI
$125,377 CAD
Tenancy
Single
Building Height
1 Story
Building FAR
0.07
Lot Size
0.72 AC
Parking
30 Spaces (13.56 Spaces per 1,000 SF Leased)
Amenities
- Freeway Visibility
- Restaurant
- Signage
- Skylights
- Drive Thru
- Monument Signage
- Air Conditioning
- Smoke Detector
Nearby Major Retailers
PROPERTY TAXES
| Parcel Number | 1123428003 | Improvements Assessment | $724,895 CAD |
| Land Assessment | $129,658 CAD | Total Assessment | $854,553 CAD |
PROPERTY TAXES
Parcel Number
1123428003
Land Assessment
$129,658 CAD
Improvements Assessment
$724,895 CAD
Total Assessment
$854,553 CAD
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Taco Bell | 400+ Unit Guarantor | 13-Yr NNN | 832 Factory Outlet Blvd
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