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Views: 83 DOM: 231 Updated: 08.06.24 Posted: 01.20.24 Status: Active

Summary

Price $1,036,530
Built/Renov 1997
Tenant Taco Bell (GL)
Cap Rate 5.65%
Lease Type Abs NNN
Guarantor Corp T and Rated
Size/SF 2,553
Lease Start 12-30-1998
#Units 8,564
Price/SF $406.00
Expiration 12-29-2033
Tenant Type Fast Food/QSR
NOI $58,564
R. Term 9.3
Ownership Ground Lease
Rent/SF $22.94
Increases 5.0%/9/yrs
Pop 5Mi 136,921
Lot/AC 0.57
Options 7/5yrs/5%
AHHI 5Mi $44,189

Lease Highlights

  • Taco Bell has been operating in this location since 1998
  • The tenant has 9+ years remaining on the current ground lease term with 7 (5-year) options to extend
  • Lease features 5% rental increases at the start of each option period
  • Absolute NNN | Zero landlord responsibilities
  • Corporate guaranteed lease

Location Description

Taco Bell is strategically located on a heavily traveled thoroughfare, surrounded by prominent national tenants including Little Caesars Pizza, Kroger, Tim Hortons, Domino's Pizza, and more. The 5-mile trade area is supported by a population of 136,921 with an average household income of $44,189. Flint, which is the largest city and the county seat of Genesee County, Michigan, also serves as a...

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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...


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Demographics

  1 Miles 3 Miles 5 Miles
2028 Total Population : 11,921 57,430 126,712
2023 Total Population : 12,083 58,278 128,516
2023 Employed Civilian Pop : 4,060 21,405 50,103
2023 Total Businesses : 334 2,710 5,775
2023 Average Household Income : $ 45,189 $ 53,285 $ 59,987
2023 Total Consumer Spending : $ 197 M $ 1150 M $ 2894 M
2023 Median Age : 37 37 38
2023 Total Households : 4,977 24,531 54,954
2023 Pop Age 25+: Bachelor's Degree : 773 4,329 10,891
2023 Average Home Value : $ 112,308 $ 125,327 $ 143,386
*ESRI data is presented for informational purposes only

Traffic

Collection Street Cross Street Year Traffic Vol Distance
W Hemphill Rd W Decamp St 2021 13,423 0.11 mi
Hull Ave 2022 10,741 0.11 mi
Fenton Road 2019 11,806 0.11 mi
E Hemphill Rd Fenton Rd 2018 8,416 0.18 mi
Camden Ave 2022 7,898 0.28 mi
BETWEEN CAMDEN AND KINGS (IN FLINT) Camden Ave 2021 7,514 0.28 mi
W Hemphill Rd Tuxedo Ave 2000 11,256 0.35 mi
Fenton Rd Camden Ave 2021 21,777 0.41 mi
Camden Ave 2022 21,157 0.41 mi
East Bristol Road 2019 22,588 0.41 mi

Listing Broker

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