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Views: 140 DOM: 228 Updated: 09.25.24 Posted: 05.08.24 Status: Active

Summary

Price $873,800
Built/Renov 1994/2012
Tenant Taco Bell (GL)
Cap Rate 5.00%
Lease Type Abs NNN
Guarantor Franchisee
Size/SF 2,847
Lease Start 08-25-1994
#Units 30
Price/SF $306.92
Expiration 04-30-2031
Tenant Type Fast Food/QSR
NOI $43,690
R. Term 6.4
Ownership Ground Lease
Rent/SF $15.35
Increases 5.0%/7/yrs
Pop 5Mi 122,044
Lot/AC 0.74
Options 4/5yrs/5%
AHHI 5Mi $89,978

Lease Highlights

  • Taco Bell has been operating in this location for 30 years
  • The tenant has 6+ years remaining on the current ground lease term with 4 (5-year) options to extend
  • The lease features 5% rental escalations at the start of each option period
  • Absolute NNN | Zero landlord responsibilities
  • Lease guaranteed by Albar Restaurant Group (30 units backed)

Location Description

Taco Bell is strategically located at the signalized, four-way intersection of 52nd St and 40th Ave, with access to a combined daily traffic count of 19,000 vehicles. The property benefits from direct access to Interstate 94 (91,800 VPD), a major east–west highway. Additionally, it is less than five miles from Kenosha Regional Airport, one of the busiest airports in Wisconsin. The site is...

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Maps

  • 1 Mile
  • 3 Miles
  • 5 Miles

Tenant

  • Tenant: Taco Bell
  • Guarantor:Franchisee
  • Company:Albar Restaurant Group
  • # Units:30
  • 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 : 15,387 87,181 122,437
2023 Total Population : 15,565 87,642 122,044
2023 Employed Civilian Pop : 7,925 43,810 61,812
2023 Total Businesses : 377 2,608 3,435
2023 Average Household Income : $ 71,967 $ 81,565 $ 89,978
2023 Total Consumer Spending : $ 366 M $ 2479 M $ 3816 M
2023 Median Age : 34 37 37
2023 Total Households : 5,826 34,928 48,904
2023 Pop Age 25+: Bachelor's Degree : 1,151 10,209 16,228
2023 Average Home Value : $ 211,278 $ 252,050 $ 274,601
*ESRI data is presented for informational purposes only

Traffic

Collection Street Cross Street Year Traffic Vol Distance
52nd St 41st Ave 2017 19,800 0.04 mi
39th Ave 53rd St 2017 10,200 0.14 mi
52nd Street 18th Ave 2021 21,500 0.14 mi
39th Avenue 52nd St 2021 13,700 0.19 mi
50th St 39th Ave 2002 1,500 0.21 mi
55th St 39th Ave 2005 12,100 0.25 mi
Pershing Blvd 52nd St 2011 3,000 0.28 mi
52nd St 46th Ave 2017 18,500 0.37 mi
52nd St 34th Ave 2005 20,800 0.40 mi
47th Ave 50th St 2017 2,100 0.42 mi

Listing Broker

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