Taco Bell (GL)

4002 52nd Street, Kenosha, WI 53144

$873,800

Cap Rate 5.00%

Views: 90 DOM: 131 Updated: 08.28.24 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 6.7	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

Mike Sladich

Northmarq

Contact

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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Key Features

Signalized intersection
In location for years
Dense retail corridor
Near major nationals
Shopping Ctr out-parcel
Top 100 MSA
Strong demographics
Long operation history
Absolute NNN
25+ unit franchisee backed

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Links

Taco Bell Wikipedia Taco Bell Wikipedia Kenosha, Wisconsin Zip Code 53144 Broker Site Page

Maps

Local Information

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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