Taco Bell

914 East Highway 66, Gallup, NM 87301

$3,300,000

Cap Rate 5.00%

Views: 41 DOM: 29 Updated: 11.01.24 Posted: 10.23.24 Status: Active

Summary

Price $3,300,000	Built/Renov 2005	Tenant Taco Bell
Cap Rate 5.00%	Lease Type Abs NNN	Guarantor Franchisee
Size/SF 2,842	Lease Start 12-01-2024	#Units 40
Price/SF $1,161.15	Expiration 12-31-2039	Tenant Type Fast Food/QSR
NOI $165,000	R. Term 15.1	Ownership Fee Simple
Rent/SF $58.06	Increases 10.0%/5/yrs	Pop 5Mi 23,979
Lot/AC 0.83	Options 4/5yrs/10%	AHHI 5Mi $72,688

Lease Highlights

Brand new 15-year sale leaseback with 4 (5-year) options to extend
10% rental increases every 5 years
Absolute NNN lease | Zero landlord responsibilities
Strong sales performance with healthy rent to sales ratio (Inquire for details)
Emerge Inc is an award winning and growing operator with 185-units across four brands (40+ unit guaranty)

Location Description

Taco Bell is strategically located on East Highway 66, a primary thoroughfare with access to a daily traffic count of 13,411 vehicles. The property is conveniently positioned just 0.5 miles from Highway 40, a significant east-west transcontinental interstate spanning 2,557 miles, making it the third-longest interstate highway in the United States. Additionally, the site benefits from limited...

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Key Features

Dense retail corridor
Near major nationals
Strategically located
Freeway close
Highway location
Strong tenant synergy
Brand new lease
Long 15+ yr lease
Absolute NNN
25+ unit franchisee backed

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Links

Taco Bell Wikipedia Taco Bell Wikipedia Gallup, New Mexico Zip Code 87301 Broker Site Page

Maps

Local Information

1 Mile
3 Miles
5 Miles

Tenant

Tenant: Taco Bell
Guarantor:Franchisee
Company:Emerge, Inc.
# Units:40
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

Jordan Mulloy

Sands Investment Group

Contact

28 Listings
1778 Views
4 Sold

Andrew Ackerman

Sands Investment Group

Contact

60 Listings
7892 Views
28 Sold

Jordan Mulloy

Investment Advisor at Sands Investment Group (SIG), a Commercial Real Estate Investment Brokerage Company based in Santa Monica, California. With offices nationwide, SIG is focused on investment sales of single tenant net leased retail properties. Jordan represents clients from Private Capital to Institutional Investors with a specialization in retail investment property sales. Jordan's focus is in the restaurant sector and he serves as an outsourced real estate arm for growing franchisees arou

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Andrew Ackerman

Andrew is a seasoned CRE professional with over 10 years experience and has closed over $500M in transaction volume over the course of his career. Andrew has a proven track record in brokerage as well team management which he’s done in several capacities since first joining Marcus & Millichap in 2005. Before joining SIG, Andrew was a top producing agent at Stan Johnson Company’s Atlanta office, he brokered the closing of a 16-store sale leaseback for $26M while receiving the company’s Mento

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Max Freedman

Sands Investment Group

Contact

60 Listings
4221 Views
8 Sold

Will Schuhmacher

Sands Investment Group

Contact

29 Listings
2145 Views
4 Sold

Max Freedman

Max Freedman is a recognized industry leader focused on the Restaurant/C-Store real estate, heads the Austin office and the SIG Restaurant Group. Max is a founding partner and opened the first SIG office in Santa Monica, CA in 2009, with Chris Sands. He has excelled in building the company’s team culture and strategies you see today. Max has a strong team mentality and has had an integral part in recruiting several agents to Sands Investment Group. SIG’s restaurant group consists of nine agen

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Will Schuhmacher

Investment Advisor at Sands Investment Group (SIG), a Commercial Real Estate Investment Brokerage Company based in Santa Monica, California. With offices nationwide, SIG is focused on investment sales of single tenant net leased retail properties. Will represents clients from Private Capital to Institutional Investors with a specialization in retail investment property sales. Will's focus is in the restaurant sector and he serves as an outsourced real estate arm for growing franchisees around t

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