1135 Walnut St Albany, IN 47320
- Retail properties
- 2,274 SF
- 0.94 lot acres
Current Use by Public Records
- Retail properties
Property Details for 1135 Walnut St
- Year built
- 2024
- Lot size
- 0.94 lot acres
- Property size
- 2,274 SF
- Property type
- Retail properties
- Property subtype
- Restaurants
Description
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%.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Albany
- County
- Delaware
- State
- Indiana
- Longitude
- -85.2536
- Latitude
- 40.2996
