Taco Bell

1901 East 1st Street, Chandler, OK 74834

$1,933,333

Cap Rate 6.00%

Views: 117 DOM: 95 Updated: 10.30.24 Posted: 09.17.24 Status: Active

Summary

Price $1,933,333	Built/Renov 2024	Tenant Taco Bell
Cap Rate 6.00%	Lease Type Abs NNN	Guarantor Franchisee
Size/SF 2,130	Lease Start 12-01-2024	#Units 350
Price/SF $907.67	Expiration 11-30-2049	Tenant Type Fast Food/QSR
NOI $116,000	R. Term 24.11	Ownership Fee Simple
Rent/SF $54.46	Increases 1.0%/1/yrs	Pop 5Mi 5,545
Lot/AC 1.00	Options 4/5yrs/1%	AHHI 5Mi $68,400

Lease Highlights

Brand new 2024 construction
New 25-year lease with 4 (5-year) options to extend
The lease features 1% annual rental increases throughout the initial term and option periods
Absolute NNN lease | Zero landlord responsibilities
Lease guaranteed by K-Mac Enterprises (350 units backed)

Location Description

Taco Bell is strategically located on U.S. Route 66, with access to 8,685 vehicles passing by daily. The property is surrounded by prominent national tenants, including Subway, McDonald’s, Hertz, U-Haul, State Farm, and more. Key educational institutions nearby include Chandler High School, Chandler Middle School, and Chandler Elementary School. The 5-mile trade area serves a population of...

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Key Features

New construction
Dense retail corridor
Highway location
Strong tenant synergy
Top 100 MSA
Brand new lease
Long 20+ yr lease
Absolute NNN
Annual rent increases
Top franchise operator

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Links

Taco Bell Wikipedia Taco Bell Wikipedia Chandler, Oklahoma Zip Code 74834 Broker Site Page

Maps

Local Information

1 Mile
3 Miles
5 Miles

Tenant

Tenant: Taco bell
Guarantor:Franchisee
Company:K-Mac Enterprises
# Units:350
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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Listing Broker

Marvin DeLaura

Fortis Net Lease

Contact

29 Listings
2719 Views
17 Sold

Brian Brockman

Bang Realty, Inc

Contact

29 Listings
2359 Views
1 Sold

Marvin DeLaura

Marvin DeLaura is a Senior Director with Fortis Net Lease. Mr. DeLaura has been employed in the real estate industry for nearly twenty years. Over the last ten years, he has specialized in exclusively representing sellers and buyers in the disposition and acquisition of single tenant and multi-tenant retail investment assets with a focus on restaurant and QSR properties. He has successfully represented developers, private investors, and institutional owners on hundreds of complicated real estat

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Brian Brockman

Brian is one of only a handful of real estate brokers who is licensed in all 50 states and the District of Columbia. Brian is also one of a few auctioneers licensed throughout the country and has sold real estate via online auctions across the United States. Now, Brian is using his national real estate experience to help facilitate transactions for other commercial real estate brokers across the county. Brian has over 15 years in asset management experience and has sold properties for investo

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Doug Passon

Fortis Net Lease

Contact

72 Listings
9693 Views
12 Sold

Doug Passon

Doug serves as Managing Partner and co-founder of Fortis Net Lease. His passion for the commercial real sector started in college while attending the University of Michigan and upon graduation, Doug started his career at a nationally-recognized, publicly traded real estate investment firm. When first starting out, he solely focused on building local relationships with merchant developers and quickly became one of the top agents in the firm’s Detroit office. After building long-standing relation

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