For Sale
$2,328,576

1209 Lincoln Hwy DeKalb, IL 60115

High-performing Taco Bell, strong lease terms.

Overview

Added:
Dec 11, 2024
Days on market:
128
This fee-simple, absolute NNN leased Taco Bell in DeKalb, IL presents a compelling investment opportunity. Boasting a 6.25% cap rate and $145,535 NOI, this 3,238 square foot property sits on a 0.91-acre lot and benefits from a strong lease with approximately 2.4 years remaining on the base term, plus four 5-year options. The franchisee tenant, part of a large, experienced restaurant operator with over 475 units, enjoys a high-sales location near Northern Illinois University, with over 15,000 students, and benefits from high traffic counts exceeding 10,000 vehicles per day on W Lincoln Hwy. The property's prime location on a major retail corridor, near other national chains, ensures high visibility and accessibility. The lease includes 10% rent bumps every 5 years, providing inflation protection. Built in 2000, this property offers a stable, passive income stream with a proven track record of success in a desirable demographic area with an average household income exceeding $70,000 within a 5-mile radius and over 50,000 residents. The property's proximity to Huskie Stadium and Lincolnshire West Apartments further enhances its appeal. The asking price is $2,328,576, translating to $719.14 per square foot. The lease is guaranteed by AG Bells II, LLC, providing additional security.

Highlights

  • $2,328,576 asking price for this Taco Bell net lease property.
  • Absolute NNN lease with approximately 2.4 years remaining on the base term, plus four 5-year options.
  • 3,238 square feet on a 0.91-acre lot, built in 2000, with a $719.14 price per square foot.
  • 6.25% cap rate and $145,535 NOI.
  • Tenancy is a single, fee-simple ownership, franchisee-operated Taco Bell, guaranteed by AG Bells II, LLC (a 55-unit guarantee from a large regional operator).
  • Lease includes 10% rent increases every 5 years.

Property Details for 1209 Lincoln Hwy

Property type
Retail properties, Restaurants
Square Feet
3,238 SF
Year Built
2000
Lot Size (sq. ft)
39,640 SF

Location Insight

City
DeKalb
County
DeKalb
State
Illinois
Latitude
41.9312506
Longitude
-88.7764889
1209 Lincoln Hwy, DeKalb, Illinois

FAQs

What type of property is this?
Retail property - High-performing Taco Bell, strong lease terms.
Where is the retail property located?
The property is located at 1209 Lincoln Hwy DeKalb, IL.
What is the asking price?
The asking price for this property is $2,328,576.
What are key features of this property?
This property features: $2,328,576 asking price for this Taco Bell net lease property.; Absolute NNN lease with approximately 2.4 years remaining on the base term, plus four 5-year options.; 3,238 square feet on a 0.91-acre lot, built in 2000, with a $719.14 price per square foot.
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1209 Lincoln Hwy
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