Litchfield, 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 Litchfield, IL. The tenant, Bell Missouri LLC has over 9 years left on the lease with 6 (5-year) options to extend, demonstrating their commitment to the site. The lease features 1.5% rental increases every year throughout the initial term and at the beginning of each option period, 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 an out of state investor.

The Taco Bell at 1201 W. Weir St in Litchfield, IL is a prime net-leased investment strategically located off I-55 (30,000+ VPD) and just adjecent to W. Union Ave (14,000+ VPD). The property is located at the intersection of W. Weir Street and Historic Route 66, a well-traveled corridor with strong traffic counts from both local and interstate drivers. The site is surrounded by key commercial tenants such as Bank & Trust Company and Litchfield National Bank, enhancing the area’s retail activity. The trade area boasts strong demographics, with a 5-mile population of 7,877, and a 10-mile population of 21,942, supported by above average median household incomes ranging from $62,410 to $80,431. The tenant, operated by Bell American Group—a top-tier Taco Bell franchisee with over 280 locations and affiliation with Flynn Group, the largest U.S. franchise operator—ensures strong operational performance. The lease is backed by Bell Missouri, LLC and features an Absolute NNN structure with 1.5% annual rent increases and tenant renewal options through 2064.