Duong Investment Group
In Escrow

IL Macomb Taco Bell

420 W. Jackson Street, Macomb, IL 61455

Property Description

Price: $2,587,000
Price Per/SF: $873.10
Land Area: ±1.37 Acres
Cap Rate: 5.75%
Gross Leasable Area: ±2,963 SF
Year Built: 2009

Investment Highlights

Strong Guaranty from KBP Investments, LLC (KBP Foods) – Tenant Operates 800+ Fast Food Restaurants, Including 600 KFCs and 139 Taco Bell Locations

Over 16 Years Remaining on Absolute NNN Lease (Zero Landlord Responsibilities)

Highly Visible Location on a Main Thoroughfare, Less Than One Mile from Western Illinois University (6,000+ Enrolled Students)

 

Seasoned Taco Bell Location with Strong Operator

  • Operated and Guaranteed by KBP Investments, LLC, a Leading Franchisee of Multiple YUM! Brands Concepts – KBP Produced Annual Revenue in Excess of $1 Billion in 2022
  • Excellent Rent to Sales Ratio is Under 7.50% – Please Contact Agent for More Details
  • Seasoned Location – The Subject Property has Operated as a Taco Bell for Nearly 15 Years | Tenant Renewed Their Lease in 2019, Proving Their Commitment to the Location
  • Absolute NNN Lease (Zero Landlord Responsibilities) – Ideal for Investors Not Local to the Market

Strong Real Estate Fundamentals

  • Excellent Signage & Visibility on Jackson Street (±16,000 Cars Per Day), a Main Thoroughfare for the Area
  • Located in Downtown Macomb, IL Just One Mile from Macomb Square, a Busy Area for the Community with Over 50 Small Businesses and City Resources
  • Oversized Lot of ±1.37 Acres (±59,543 SF)
  • Less Than One Mile from Western Illinois University (WIU), a 1,050 Acre Public University (6,000+ Enrolled Students) – WIU Also Contains Four Residence Halls for Student Housing
  • Close Proximity to Popular Traffic Generators such as Walmart Supercenter, ALDI, Best Western, Hampton Inn, AutoZone, O’Reilly Auto Parts, Dollar Tree, Buffalo Wild Wings, Starbucks and more

Steven Weinstock – License #: IL 471011175

Contact Information

Ron Duong
Senior Managing Director Investments
Senior Director, National Retail Group
(949) 419-3233
ron.duong@marcusmillichap.com
License: CA 01438643