West Frankfurt, IL - Taco Bell

Description:

SRS National Net Lease is pleased to offer the opportunity to acquire the fee simple interest (land & building ownership) in an absolute NNN leased, Taco Bell investment property located in West Frankfort, Illinois. The tenant currently has over 12 years remaining with 5 (5-year) options to extend, demonstrating their commitment to the site. The lease features 1% annual rental increases throughout the initial term and options thereafter, steadily growing NOI and hedging against inflation. The lease is absolute NNN with zero landlord responsibilities making it an ideal, management free investment opportunity for a passive investor. Taco Bell is part of a family of fast food powerhouses which include both KFC and Pizza Hut. There are 8,016 Taco Bell locations in the United States as of November 11, 2024.

The subject property is located at the hard corner intersection of State Hwy 149 and Factory Outlet Blvd which combined average 15,800 VPD. The site benefits from nearby direct on/off ramp access to State Hwy 37, a major thoroughfare that averages 40,400 vehicles passing by daily. The asset is located directly across from West Frankfort Plaza, a 117,000 SF shopping plaza, that is anchored by Kroger, Ollie’s Bargain Market, Dollar Tree and more. Other nearby national/credit tenants include CVS, Starbucks, Circle K, Dollar General, Wendy’s, Sonic, and many more. Strong tenant synergy increases consumer draw to the immediate trade area and promotes crossover store exposure to the site. Furthermore, the asset is in close proximity to Frankfort Community High School (414 students) and Denning Elementary School (467 students), further increasing consumer traffic to the immediate trade area. The 5-mile trade area is supported by a population of over 11,000 and 3,000 residents. Residents within a 5-mile trade area have an average household income of $64,379.