Taco Bell Ground Lease
Single-Tenant Offerings
Taco Bell Ground Lease
1504 Wilkens Way
Mitchell (Northwest of Louisville, KY), IN
- Price:
- $1,238,000
- Cap Rate:
- 5.25%
- NOI:
- $65,000
- Rentable SQFT:
- 2,274 SF
- Year Built:
- 2025
- Lot Size:
- 1.1 +/- Acres
- Lease Type:
- Absolute NNN Ground Lease
- Status:
- Available
Investment 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
- Serving Over 45,000 Residents in Lawrence County, Centrally Located Between Louisville and Indianapolis
- Excellent Visibility to 22,000+ Cars/Day at Signalized Intersection
- 1 Mile to Multiple K-12 Schools with 1,500+ Students
- Close Proximity to Lake Monroe (1.5+ Million Visitors/Year), Brown County State Park (1.2+ Million Visitors/Year), and Spring Mill State Park (665,000+ Visitors/Year)Just North of Hoosier National Forest (300,000 Visitors/Year) and Lake Patoka (675,000+Visitors/Year)
- Southeast of NSA Crane with 5,000+ Employees, the 3rd Largest Naval Installation in the World on 62,000-Acres
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