Taco Bell (GL)

6101 Eldorado Parkway, McKinney, TX 75070

$2,200,000

Cap Rate 4.00%

Views: 107 DOM: 383 Updated: 07.09.24 Posted: 08.21.23 Status: Active

Summary

Price $2,200,000	Built/Renov 2016	Tenant Taco Bell (GL)
Cap Rate 4.00%	Lease Type Abs NNN	Guarantor Franchisee
Size/SF 2,063	Lease Start 12-15-2016	#Units 63
Price/SF $1,066.41	Expiration 12-31-2036	Tenant Type Fast Food/QSR
NOI $88,000	R. Term 12.3	Ownership Ground Lease
Rent/SF $42.66	Increases 10.0%/3/yrs	Pop 5Mi 272,839
Lot/AC 1.04	Options 4/5yrs/10%	AHHI 5Mi $143,890

Peter Deltondo

Marcus & Millichap

Contact

Lease Highlights

Taco Bell has over 13 years remaining on the current lease term with 4 (5-year) options to extend
Lease features a 10% rental increase every 5 years throughout the initial term and at the start of each option
Absolute NNN | Zero landlord responsibilities
North Texas Bells operates 63 locations and has consistently ranked as one of the Top 200 Franchisees in the United States

Location Description

This 2,063 square foot Taco Bell is situated on a 1.04 acre parcel along Eldorado Parkway seeing over 23,000 vehicles per day. The site benefits from its location directly across from a Market Street anchored shopping center with tenants including Wells Fargo, Starbucks, Fedex, Brothers Pizza, Credit Union of Texas and more. Additional national/credit tenants in the area include CVS, O’Reilly...

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Key Features

Dense retail corridor
Near major nationals
Strategically located
Top 100 MSA
Strong demographics
Income tax free state
Absolute NNN
Long 10+ yr lease
Traded and rated company
Top franchise operator

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Links

Taco Bell Wikipedia Taco Bell Wikipedia McKinney, Texas Zip Code 75070 Broker Site Page

Maps

Local Information

1 Mile
3 Miles
5 Miles

Tenant

Tenant: Taco Bell
Guarantor:Franchisee
Company:North Texas Bells, LLC
# Units:63
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 :	16,527	128,197	323,423
2023 Total Population :	16,877	123,627	299,784
2023 Employed Civilian Pop :	8,904	64,254	154,790
2023 Total Businesses :	358	2,770	7,721
2023 Average Household Income :	$ 154,509	$ 154,254	$ 159,445
2023 Total Consumer Spending :	$ 737 M	$ 5725 M	$ 13999 M
2023 Median Age :	36	35	35
2023 Total Households :	5,660	43,939	103,473
2023 Pop Age 25+: Bachelor's Degree :	4,807	33,131	72,583
2023 Average Home Value :	$ 409,218	$ 478,791	$ 487,881

*ESRI data is presented for informational purposes only

Traffic

Collection Street	Cross Street	Year	Traffic Vol	Distance
W Eldorado Pkwy	Eldorado Pkwy	2011	20,618	0.05 mi
Ridge Rd	W Eldorado Pkwy	2011	11,074	0.17 mi
W Eldorado Pkwy	Ridge Rd	2011	19,559	0.23 mi
Ridge Rd	Ctyards Dr	2011	12,577	0.24 mi
W Eldorado Pkwy	Ash Ln	2011	21,961	0.41 mi
Eldorado Parkway	Hidden Pine Ln	2020	23,202	0.41 mi
Ridge Rd	Sidney Ln	2011	13,212	0.58 mi
Eldorado Pkwy	Hillsdale Dr	2011	19,566	0.63 mi
Lake Forest Dr	W Eldorado Pkwy	2009	15,100	0.64 mi
Avery Ln	Ash Ln	2009	1,580	0.64 mi

Listing Broker

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