Listing Agency: First Street Brokerage

Listed By: Jeff Christian · License #CA 01461046

Source: Crexi

Added: Apr 13 Changed: Aug 31 Last Checked: Aug 30 at 1:06PM

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Investment Insights

Based on property information with market context.

This Taco Bell property at 2413 N 89th St. in Caseyville, Illinois, includes a 1,467-square-foot building on .74 acres. The asset is subject to a lease expiring on 8/21/34, with 6-5 year options and 1.5% annual rent increases.

Bell America operates the location, with the lease guaranteed by Bell Missouri. Bell America operates 282 units, while the guarantor’s lease support extends across 66 units. The property’s reported cap rate is 5.15%.

Key Highlights

• Lease expiration on 8/21/34 with 6‑5 year options
• 1.5% annual rent increases
• 1,467 SF building on .74AC

Property Analytics

Current Use

Conventional restaurants

Suggested Use

Top Pick Real Estate Agency Parking Lot & Garage Big Box & Wholesale Store Plumbing Service Grocery & Convenience Store Spa & Massage Center

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

91

Businesses Nearby

86k

Monthly Visits Nearby

Explore this area Business Placement

Foot Traffic Nearby

Dining 81% Shops & Services 16% Hotels & Casinos 3%

McDonald's Dining

30,871 visits/mo 0.2 miles

Cracker Barrel Old Country Store Dining

18,868 visits/mo 0.1 miles

BP Shops & Services

13,409 visits/mo 0.2 miles

Taco Bell Dining

10,079 visits/mo 0.1 miles

Hardee's Dining

7,764 visits/mo 0.4 miles

Demographics for 62232, IL

7,547

Population

3,082

Households

2.4

Avg Household Size

41

Median Age

22%

College-Educated

93%

High-School Grad

12.8 sq mi

ZIP Area

590

Density / Sq Mi

$64,268

Median Household Income

$42,485

Median Earnings

$1,077

Median Rent

$114,800

Median Home Value

Market

Vacancy Rate% for Retail in Midwest region

8% 2020

7.3% 2021

6.5% 2022

6% 2023

5.7% 2024

6.3% 2025

Questions? Ask Rey

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Frequently Asked Questions

What type of property is this?

NNN property - Taco Bell property with a long-term lease and annual rent increases.

Where is this nnn property located?

The property is located at 2413 N 89th St Caseyville, IL.

What are key features of this property?

This property features: Lease expiration on 8/21/34 with 6‑5 year options; 1.5% annual rent increases; 1,467 SF building on .74AC