1610 10th St Rear Of, Mount Vernon, IL 62864

This exceptional investment opportunity presents a fee-simple, single-tenant Taco Bell in Mount Vernon, Illinois. Built in 2019, this 2,274 square foot property boasts a 19.9-year remaining lease term with four 5-year options, all featuring 1% annual rent bumps. The absolute NNN lease structure ensures zero landlord responsibilities, providing a truly passive income stream. The property sits on a 0.89-acre lot with 22 parking spaces and benefits from a strong location on a major thoroughfare in downtown Mount Vernon. The tenant, a K-MAC franchisee, is a highly reputable operator, guaranteeing a stable and consistent income. With a current NOI of $97,476 and a 5.13% cap rate, this property offers a compelling return on investment. The property's strong tenant, long-term lease, and built-in rent increases provide a secure and attractive investment opportunity. The property is zoned commercial and has an APN of 07-32-354-018