Taco Bell Ground Lease
Single-Tenant Offerings
Taco Bell Ground Lease
4178 IN-267
Whitestown (Indianapolis MSA), IN
- Price:
- $1,895,000
- Cap Rate:
- 5.25%
- NOI:
- $99,500
- Rentable SQFT:
- 2,240 SF
- Year Built:
- 2025
- Lot Size:
- 1.08 +/- Acres
- Lease Type:
- Absolute NNN Ground Lease
- Status:
- Available
Investment Highlights
- New 20-Year Absolute NNN Ground Lease with 10% Increases Every 5 Years
- 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 4.5% Rent-to-Sales Ratio at This Location
- Significant Capital Investment by Tenant to Build Modern Taco Bell Prototype Design
- Serving Rapidly Growing Communities of Whitestown, Zionville, Carmel, Lebanon, Brownsburg and Northwest Indianapolis
- Whitestown has been the Fastest Growing City in Indiana for Nearly a Decade, Population Expected to Double in the Next Decade
- Close Proximity to Several Residential Developments with 8,000+ New Homes
- Average Household Income Exceeds $130,000 in 3 Miles and $152,000 in 5 Miles
- Freeway Visibility and Easy Access Off of I-65 with 86,400 Cars/Day
- Surrounded by 25+ Million SF of New Industrial Space, Major Logistics and Warehousing Hub
- South of 9,000-Acre LEAP Lebanon Innovation District with Manufacturing, R&D Facilities, and Corporate Campuses Under Construction
- Just North of $1+ Billion Anson Master-Planned Development on 1,700 Acres with 6 Million SF of industrial, Multiple Residential Communities, and Commercial
- Minutes to $135 Million Mixed-Use Project with a Hotel, 300+ Units, a Sports & Recreational Park, and Little League Complex Attracting Thousands of Visitors Annually
- Strong Daytime Population, Minutes to Several Major Employers
- 20 Minutes to Indianapolis International Airport, Largest FedEx Hub in the World and #1 Ranked Airport in the U.S.
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