Taco Bell – Brazil

Brazil | Indiana

Offering Summary

  • Status: closed
  • Price: $1,797,018
  • CAP Rate: 5.50%
  • GLA: 1,992 SF
  • Net Operating Income: $98,836
  • Lot Size (Acres): 0.93 Acre
  • Lease Type: Absolute NNN
  • Major Tenants: Taco Bell
  • Taco Bell Absolute NNN Lease with 10.8 Years Remaining in Brazil, IN
  • Top-Tier Franchisee: Bell American Group – 3rd Largest Taco Bell Franchisee with 282 Taco Bell Units in 9 States
  • Reported Strong Unit-Level Sales of $1.847 Million and EBITDA of $451,000 in 2021
  • Sales Figures Equate to $927/SF and a Low 5.8% Rent-to-Sales Ratio
  • Bell Indiana, LLC Reported $144.6 Million in Revenue & $26.8 Million in EBITDA in FY2021
  • Bell American Group is Wholly-Owned by Flynn Restaurant Group, a Top Restaurant Franchisee in the U.S. with Over 2,200 Restaurants Franchised throughout 44 States & $4 Billion in Annual Revenue
  • Expressed Strong Commitment to Site via Recent 12-Year Extension of Original 15-Year Lease that Commenced in 2006, Taking Current Lease Term into 2033
  • 1.5% Annual Rent Increases in Current Term & 2% Increases in Options
  • Absolute NNN Lease – Zero Landlord Responsibilities
  • Shadowed by Only Walmart in Market – Located Directly Along Walmart’s Main Entrance Drive
  • Situated Along Brazil’s Busiest Road, E. National Ave/Highway 40 W, with 17,000 VPD
  • Supportive Middle-Income Demographics with 16,500/5-Mi; 27,800/10-Mi & 10-Mi AHHI of $70K
  • Brazil, IN – County Seat of Clay County; Part of the Terre Haute MSA with a Population of 185,000
EXCLUSIVELY LISTED BY:

Craig Fuller

Senior Managing Director