Taco Bell (GL)

7734 Charlotte Highway, Indian Land, SC 29707

$1,260,000

Cap Rate 5.00%

Views: 22 DOM: 27 Updated: 04.20.24 Posted: 04.20.24 Status: Active

Summary

Price $1,260,000	Built/Renov 2019	Tenant Taco Bell (GL)
Cap Rate 5.00%	Lease Type Abs NNN	Guarantor Corp T and Rated
Size/SF 1,934	Lease Start 01-01-2020	#Units 8,564
Price/SF $651.50	Expiration 12-31-2039	Tenant Type Fast Food/QSR
NOI $63,000	R. Term 15.7	Ownership Ground Lease
Rent/SF $32.57	Increases 5.0%/5/yrs	Pop 5Mi 73,408
Lot/AC 0.75	Options 4/5yrs/10%	AHHI 5Mi $152,720

Lease Highlights

Taco Bell has 15+ years remaining on the current ground lease term with 4 (5-year) options to extend
The lease features 5% rental escalations throughout the initial term and option periods
Absolute NNN | Zero landlord responsibilities
Corporate guaranteed lease

Location Description

Taco Bell is strategically located on Charlotte Highway/US-521, with access to a combined daily traffic count of 30,800 vehicles. The property functions as an outparcel to a super-regional Charlotte MSA power center, The Promenade at Carolina Reserve, featuring well-known national retailers such as Ross Dress for Less, T.J. Maxx, Burlington, HomeGoods, Hobby Lobby, and more. According to...

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Key Features

Dense retail corridor
Near major nationals
Shopping Ctr out-parcel
Highway location
Top 100 MSA
Affluent AHHI $100K 5 Mi
Long 15+ yr lease
Absolute NNN
Traded and rated company
Subsidiary guarantee

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Links

Taco Bell Wikipedia Taco Bell Wikipedia Indian Land, South Carolina Zip Code 29707 Broker Site Page

Maps

Local Information

1 Mile
3 Miles
5 Miles

Tenant

Tenant: Taco Bell
Guarantor:Corp T and Rated
Company:Yum! Brands, Inc.
# Units:8,564
Tenant S&P: BB+
Moody’s: Ba2
Stock: NYSE: YUM

About Tenant

Taco Bell is an American-based chain of fast food restaurants originating in Irvine, California in 1962, by founder Glen Bell. Taco Bell is the leading Mexican-inspired, quick-service restaurant...

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Demographics

	1 Miles	3 Miles	5 Miles
2028 Total Population :	6,470	31,406	74,131
2023 Total Population :	6,113	29,415	69,771
2023 Employed Civilian Pop :	1,999	10,794	29,560
2023 Total Businesses :	136	367	1,128
2023 Average Household Income :	$ 126,669	$ 138,732	$ 151,699
2023 Total Consumer Spending :	$ 287 M	$ 1432 M	$ 3229 M
2023 Median Age :	51	48	41
2023 Total Households :	2,667	12,113	24,984
2023 Pop Age 25+: Bachelor's Degree :	1,438	7,980	17,858
2023 Average Home Value :	$ 394,708	$ 397,306	$ 450,286

*ESRI data is presented for informational purposes only

Traffic

Collection Street	Cross Street	Year	Traffic Vol	Distance
Van Wyck Rd	Charlotte Hwy	2014	1,300	0.53 mi
Jim Wilson Road	Roxbourgh St	2021	6,600	0.77 mi
Jim Wilson Road	Dale Ln	2022	6,500	0.77 mi
Shelley Mullis Road	Rising Sun Ln	2022	6,700	1.43 mi
Charlotte Highway	Charles Pettus Rd	2021	21,400	1.50 mi
Charlotte Highway	Van Wyck Rd	2022	20,500	1.50 mi
Doby Bridge Rd	Dave Williams Rd	2017	5,400	1.80 mi
Dobys Bridge Road	Dave Williams Rd	2022	10,400	1.85 mi
Charlotte Highway	Matter Ln	2022	30,800	1.85 mi
Waxhaw Hwy	Cross Creek Ests Rd	2017	5,800	2.45 mi

Listing Broker

Thomas Carr

CBRE: NLP Atlanta

Contact

125 Listings
6067 Views
44 Sold

Chris Bosworth

CBRE

Contact

121 Listings
5949 Views
43 Sold

Thomas Carr

Thomas Carr is an Senior Investment Sales Analyst with CBRE’s Net Lease Property Group. As a member of the team led by Chris Bosworth and Will Pike, Mr. Carr plays an integral role in all aspects of the group’s property valuation, underwriting, and marketing efforts. He is also actively involved in marketing the team’s disposition assignments, specializing in single-tenant assets, national net-lease portfolios, and corporate sale-leasebacks, as well as advising 1031 exchange buyers. Mr. Carr

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Chris Bosworth

Chris Bosworth is a Vice Chairman and Managing Director of the CBRE Net Lease Property Group and Corporate Capital Markets practice. Mr. Bosworth’s focus is to advise institutions, private equity firms, REITs, developers and corporate users regarding all facets of net-leased properties. In his career, Mr. Bosworth and his partners, Will Pike and Brian Pfohl, have been responsible for the disposition of 3,900 transactions valued in excess of $29 billion. Mr. Bosworth and Mr. Pike co-head the

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Brian Pfohl

CBRE: NLP Atlanta

Contact

122 Listings
5990 Views
41 Sold

Brian Pfohl

Brian Pfohl is an Executive Vice President with CBRE’s Net Lease Property and Corporate Capital Markets practice groups. Mr. Pfohl’s singular focus is to advise corporate users, institutions, private equity firms, REITs, developers, and private individuals regarding all facets of net-leased properties. Mr. Pfohl’s expertise stems from the myriad of sale-leaseback transactions, net lease investment sales, programmatic portfolio dispositions, and advisement assignments he has completed throughout

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