Taco Bell 4002 52nd St

Investment Highlights

30-Year Operating History w/ Absolute NNN Ground Lease Ideal Positioning Along Main Interstate Corridor w/ Proximity to $1.5B Worth of Planned Redevelopments Chicago MSA Real Estate - 3rd Largest Metro in the U.S. Globally Recognized Best-in-Class Tenant Priced Below Replacement Cost Dense Residential Community in Major College Town | Excellent Demographics | Hard Corner Location

Executive Summary

The Tenant has been operating at this location since 1994 and has made multiple capital infusions into the site including a complete rebuild of the entire property in 2012 and completely renovated the facade and replaced the pylon sign to the latest prototype in the last three (3) years. As part of the rebuild project in 2012, the tenant extended the Lease for twenty (20) years and features zero landlord responsibilities and is fully passive to the owner. In 2015, the Lease was assigned to Albor Restaurant Group (ARG), an experienced Taco Bell franchisee with more than thirty (30) locations across Wisconsin and Illinois. The Subject Property is located halfway between downtown Milwaukee, WI and Chicago, IL. The U.S. Census Bureau affiliates Kenosha, the southeastern-most county in Wisconsin, with the Chicago-Naperville-Elgin Metropolitan Statistical Area, which is the third-largest metro in the country and home to over 9.2 million residents.Additionally, the Subject Property ideally sits adjacent to the 107-acre, $1B Kenosha Innovation Neighborhood (KIN), and is within two (2) miles of the $450M Kenosha Harbor District Redevelopment project. Currently underway at Kenosha Innovation Neighborhood (KIN), is the $23.5M Kenosha Innovation Center - a three-story, 64,000-square-foot community space and the $22M relocation of Lakeview Technology Academy to KIN. It is also strategically located within four (4) miles of Carthage College, the University of Wisconsin-Parkside, and Gateway Technical College

• Sale Type    Investment NNN
• Property Type    Retail
• Property Subtype    Fast Food
• Building Size    2,847
• Building Class    B
• LoopNet Rating    4 Star
• Year Built    1994
• Price    873,800
• Price Per SF    307
• Cap Rate    5
• NOI    43,690
• Tenancy    Single
• Building Height    1 Story
• Building FAR    0.09
• Land Acres    0.74 AC
• Opportunity Zone    Yes State officials designate a portion of qualified Census Tracts to be Opportunity Zones. Certain investments in Opportunity Zones may be eligible for preferential tax treatment.

• Pylon Sign
• Drive Thru