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For Sale

Taco Bell

2780 Belvidere Rd,
Waukegan, IL 60085

Asset Snapshot

$131,240
NOI
2001
Year Built
2019
Year Renovated
1
Building Count
100%
Occupancy

Offering Summary

Investment Overview

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Investment 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 With Nearly 2,900+ QSR/Restaurant Units
  • 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 a 50-Mile Radius Per Placer.Ai
  • 5-Mile Population: 150,000
  • 5 Mile Household Income Exceeds $89,000
  • 43-Miles To Downtown Chicago | Third Largest MSA In The Country
  • Excellent Visibility and Frontage From Belvidere Rd With Average Vehicle Count Per Day Exceeding 27,000

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Listing Syndicated From

Buildout
For Sale
$2,151,481
Asking Price