Opportunity: Pegasus Investments is pleased to offer a single tenant Taco Bell drive-thru located in Munster, Indiana (Chicago MSA). The Property is subject to a 100% absolute triple net (NNN) lease (fee simple ground lease, building not included). The 20-year firm lease term features 10% rent increases every 5 years. The Property has been occupied by Taco Bell since 1991 and at the expiration of the original lease term (2012) Taco Bell extended its lease for an additional 20 years. The tenant has no remaining options, which creates a unique opportunity for the landlord to capture significant upside at the end of the current term. The operator is a strong local franchisee, Shamrock TBC, Inc., which has 24 stores across the greater Chicago MSA. Shamrock has been part of the Yum! Brands restaurant group since 1994.
