Taco Bell (GL)

1530 Campbell Street, Baker City, OR 97814

$2,615,000

Cap Rate 6.00%

Views: 168 DOM: 382 Updated: 11.11.24 Posted: 12.05.23 Status: Active

Summary

Price $2,615,000	Built/Renov 2023	Tenant Taco Bell (GL)
Cap Rate 6.00%	Lease Type Abs NNN	Guarantor Franchisee
Size/SF 2,400	Lease Start 12-01-2024	#Units 250
Price/SF $1,089.58	Expiration 11-30-2044	Tenant Type Fast Food/QSR
NOI $156,912	R. Term 19.11	Ownership Ground Lease
Rent/SF $65.38	Increases 10.0%/6/yrs	Pop 5Mi 10,823
Lot/AC 0.36	Options 4/5yrs/10%	AHHI 5Mi $75,386

Lease Highlights

Brand-new 2023 construction
Taco Bell will be signing a brand-new 20-year lease with 4 (5-year) options to extend upon close of escrow
Lease features 10% rental increases every 5 years throughout the initial term
Absolute NNN lease | Zero landlord responsiblities
Lease guaranteed by Pacific Bells (250 units)

Location Description

Taco Bell is strategically located on Campbell Street, with access to 11,900 vehicles passing by daily. The property is adjacent to Interstate 84, a major east/west traveling thoroughfare averaging 12,700 VPD, and State Highway 7 (11,900 VPD). Additionally, it is located one mile from Baker High School and Baker Middle School. Moreover, the property is adjacent to a strong retail and...

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Key Features

New construction
Near major nationals
Strategically located
Freeway close
Highway location
Brand new lease
Long 20+ yr lease
Absolute NNN
Traded and rated company
Top franchise operator

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Links

Taco Bell Wikipedia Taco Bell Wikipedia Baker City, Oregon Zip Code 97814 Broker Site Page

Maps

Local Information

1 Mile
3 Miles
5 Miles

Tenant

Tenant: Taco Bell
Guarantor:Franchisee
Company:Pacific Bells
# Units:250
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...

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Demographics

	1 Miles	3 Miles	5 Miles
2028 Total Population :	6,934	10,610	10,928
2023 Total Population :	6,814	10,522	10,842
2023 Employed Civilian Pop :	2,903	4,340	4,475
2023 Total Businesses :	382	558	565
2023 Average Household Income :	$ 74,055	$ 74,960	$ 75,417
2023 Total Consumer Spending :	$ 204 M	$ 303 M	$ 312 M
2023 Median Age :	46	46	46
2023 Total Households :	3,126	4,577	4,698
2023 Pop Age 25+: Bachelor's Degree :	1,194	1,623	1,676
2023 Average Home Value :	$ 261,326	$ 281,858	$ 284,271

*ESRI data is presented for informational purposes only

Traffic

Collection Street	Cross Street	Year	Traffic Vol	Distance
Campbell Street	Clark St	2020	11,167	0.03 mi
Campbell Street	Clark St	2021	11,915	0.03 mi
Campbell Street	Ash St	2020	9,305	0.05 mi
East Street	C St	2018	1,380	0.12 mi
D Street	Elm St	2018	1,700	0.25 mi
Campbell Street	Resort St	2021	11,342	0.27 mi
Campbell Street	Resort St	2020	10,630	0.27 mi
Main Street	Baker-Copperfield	2020	5,902	0.32 mi
Main Street	Broadway St	2021	6,297	0.32 mi
Washington Avenue	Ash St	2018	2,870	0.33 mi

Listing Broker

Matthew Mousavi

SRS National Net Lease Group

Contact

369 Listings
46186 Views
137 Sold

Patrick Luther

SRS National Net Lease Group

Contact

420 Listings
50600 Views
165 Sold

Matthew Mousavi

Matthew is the managing principal and co-founder of the SRS National Net Lease Group, based in Newport Beach, California. SRS’ is the exclusive net lease investment advisory platform across more than 25 offices nationally. SRS is the largest retail estate firm in North America exclusively focused on retail services, of which Matthew is a member of the board. The firm has a track record spanning over 30 years and billions in transaction volume, and represents over 400 retailers throughout the co

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Patrick Luther

Patrick joined SRS in 2016 with more than 10 years of transactional brokerage experience in the commercial real estate industry and over $1 billion in closed transactions, representing over 300 individual properties. Along with Matthew Mousavi, Patrick co-founded and leads the National Net Lease Group at SRS, the exclusive net lease capital markets platform within SRS, comprised of more than 75 professionals handling all net lease transactions for the firm nationally. He focuses on all types of

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