For Sale
$1,900,000
1610 10Th St Mount Vernon, IL 62864
Illinois QSR, 20-Year Lease
Overview
- Added:
- Dec 11, 2024
- Days on market:
- 139
Highlights
- Fee-simple, single-tenant Taco Bell with 19.9-year lease remaining, including four 5-year options with 1% annual rent increases.
- Absolute NNN lease; zero landlord responsibilities.
- 1% annual rent increases built into the lease.
- Strong, reputable tenant: K-MAC franchisee with over 300 locations.
Property Details for 1610 10Th St
- Property type
- Retail properties
- Square Feet
- 2,274 SF
- Year Built
- 2019
- Buildings
- 1
- Lot Size (sq. ft)
- 38,768 SF
Location Insight
- City
- Mount Vernon
- County
- Jefferson
- State
- Illinois
- Latitude
- 38.301302020708
- Longitude
- -88.903041704702
Nearby Similar for Sale
FAQs
- What type of property is this?
- Retail property - Illinois QSR, 20-Year Lease
- Where is the retail property located?
- The property is located at 1610 10Th St Mount Vernon, IL.
- What is the asking price?
- The asking price for this property is $1,900,000.
- What are key features of this property?
- This property features: Fee-simple, single-tenant Taco Bell with 19.9-year lease remaining, including four 5-year options with 1% annual rent increases.; Absolute NNN lease; zero landlord responsibilities.; 1% annual rent increases built into the lease.
- How can I contact the broker?
- We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.
- How do I access a private listing?
- Please contact the broker directly with the information provided on the listing. Once the broker approves your credentials he will make the information public to you.
- How do I unsubscribe from emails?
- At the footer of each email you will find links to Reduce Email Frequency, Adjust Email Settings or Unsubscribe altogether. If you choose to Unsubscribe and are still receiving emails please reach out to us at [email protected].
Visit Broker Website