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Views: 111 DOM: 286 Updated: 08.06.24 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 05-01-2024
#Units 250
Price/SF $1,089.58
Expiration 04-30-2044
Tenant Type Fast Food/QSR
NOI $156,912
R. Term 19.7
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 increase every 5 years throughout the initial term
  • Absolute NNN | 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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Maps

  • 1 Mile
  • 3 Miles
  • 5 Miles

Tenant

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 : 6,934 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

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