Taco Bell Drive-Through
For Sale
Contact for pricing
Pending
234 E Morgan St, Spencer, IN 47460
Remodeled restaurant with a new absolute NNN lease planned at closing.
Property Size2,969 SF
Lot Size0.39 Acres
Days on Market142
Property Features for 234 E Morgan St
General Information
Standard status
Pending
Size
2,969 SF
Lot size
0.39 Acres
Property subtype
Retail
Listing Agency:
CBRE Atlanta
(404) 504-7893
Listed By:
Thomas Carr · License #374849
Source:
Crexi
Added: Apr 12
Changed: Aug 30
Last Checked: Aug 30 at 3:25PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of CBRE Atlanta
Investment Insights
Based on property information with market context.
The property includes a 2,969-square-foot Taco Bell restaurant on 0.39 acres at 234 E Morgan St in Spencer, Indiana. The building was remodeled to Taco Bell’s current prototype after its prior use as a combined KFC and Taco Bell facility, and it now operates solely as Taco Bell.
At closing, the tenant is expected to enter a new 15-year absolute NNN lease. The initial term includes 7.5% rent increases every 5 years, with the same escalation schedule applying during each of four 5-year renewal options. Spencer is the county seat of Owen County and is part of the Bloomington, Indiana MSA.
At closing, the tenant is expected to enter a new 15-year absolute NNN lease. The initial term includes 7.5% rent increases every 5 years, with the same escalation schedule applying during each of four 5-year renewal options. Spencer is the county seat of Owen County and is part of the Bloomington, Indiana MSA.
Key Highlights
- 2,969‑square‑foot Taco Bell restaurant on 0.39 acres
- Remodeled to Taco Bell’s latest prototype
- New 15‑year absolute NNN lease planned at closing
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
413
Businesses Nearby
Explore this area
Business Placement
Demographics for 47460, IN
11,560
Population
5,045
Households
2.3
Avg Household Size
45
Median Age
22%
College-Educated
88%
High-School Grad
150.5 sq mi
ZIP Area
77
Density / Sq Mi
$67,688
Median Household Income
$42,113
Median Earnings
$888
Median Rent
$177,600
Median Home Value
Market
Vacancy Rate% for Retail in Midwest region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Drive through restaurant - Remodeled restaurant with a new absolute NNN lease planned at closing.
Where is this drive through restaurant located?
The property is located at 234 E Morgan St Spencer, IN.
What are key features of this property?
This property features: 2,969‑square‑foot Taco Bell restaurant on 0.39 acres; Remodeled to Taco Bell’s latest prototype; New 15‑year absolute NNN lease planned at closing
