1135 Walnut St, Albany, IN 47320

This exceptional investment opportunity presents a brand-new, 2,274 square foot Taco Bell restaurant in Albany, Indiana, situated on a 0.94-acre lot. Built in 2024, the property boasts a 25.1-year absolute NNN lease with a prominent, financially stable tenant: K-MAC Enterprises, a leading Taco Bell franchisee operating over 350 locations and generating over $500 million in systemwide sales. The lease features annual 1% rent bumps, ensuring consistent income growth. The property's strong financial performance is reflected in its 5.50% cap rate and $122,000 annual net operating income (NOI). The lease includes four or five-year renewal options, extending the investment's long-term value. This is a 1031 exchange-eligible property, offering significant tax advantages for qualified investors. The property is currently 100% occupied and features Taco Bell's latest Endeavor Prototype design. This is a rare opportunity to acquire a high-performing, low-maintenance investment with a secure, long-term lease. The average cap rate over the lease term is 6.21%.