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1610 S 10th St
Mount Vernon, IL 62864

$1,900,000 USD

Fast Food For Sale  •  2,274 SF

Property Details

  • Property Type Fast Food
  • Total Building Size 2,274 SF
  • Lot Size 0.89 AC
  • Building Class C
  • Year Built 2019
  • Cap Rate 5.13 %
  • Tenancy Single
  • Zoning Commercial
0 Transit Score
43 Walk Score

Highlights

Long-Term Lease: the property has a remaining 20-year absolute NNN (Triple Net) lease, providing a stable and long-term investment opportunity
Hassle-Free Investment: with zero landlord responsibilities, this property offers a truly passive income, since tenant is responsible for all expenses
Consistent Income Growth: the lease includes 1% annual rent increases, including option periods, ensuring steady growth in rental income over time
op Franchisee: this Taco Bell is operated by K-MAC, a top franchisees in the US, with over 300 locations, indicating a strong & reliable tenant
Cap Rate: 5.13 %

Amenities

  • Pylon Sign

Parking Details

Parking Available: Yes
Reserved: No
Spaces Provided: 22
Type: Surface
Included in Rent: Yes
James Kaye 408-453-7419 CBRE, Inc.
James Kaye 408-453-7419 CBRE, Inc.