loader
Join Free
Views: 102 DOM: 207 Updated: 10.30.24 Posted: 05.28.24 Status: Active

Summary

Price $2,975,000
Built/Renov 1998/2020
Tenant Taco Bell
Cap Rate 5.65%
Lease Type Abs NNN
Guarantor Franchisee
Size/SF 2,108
Lease Start 11-01-2024
#Units 28
Price/SF $1,411.29
Expiration 10-31-2039
Tenant Type Fast Food/QSR
NOI $168,000
R. Term 14.10
Ownership Fee Simple
Rent/SF $79.70
Increases 8.0%/5/yrs
Pop 5Mi 27,222
Lot/AC 0.64
Options 4/5yrs/8%
AHHI 5Mi $92,911

Lease Highlights

  • Taco Bell will be executing a brand-new 15-year lease with 4 (5-year) options to extend at the close of escrow
  • The lease features 8% rental increases throughout the initial term and option periods
  • Absolute NNN lease | Zero landlord responsibilities
  • Lease guaranteed by KC Bell (28 units backed)

Location Description

Taco Bell is strategically located on Hester Drive, with access to 3,030 vehicles. The property is adjacent to Motel 6 and conveniently situated near Highway 76, which sees 20,981 VPD. Additionally, it is in close proximity to well-known national tenants including Walmart, Subway, Zaxby's, Dunkin', Burger King, and more. The 5-mile trade area is supported by a population of 27,222 residents...

...

Maps

  • 1 Mile
  • 3 Miles
  • 5 Miles

Tenant

  • Tenant: Taco Bell
  • Guarantor:Franchisee
  • Company:KC Bell
  • # Units:28
  • 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...


...

Demographics

  1 Miles 3 Miles 5 Miles
2029 Total Population : 4,533 22,273 33,540
2024 Total Population : 3,955 19,577 30,581
2024 Employed Civilian Pop : 2,101 10,218 16,206
2024 Total Businesses : 259 504 640
2024 Average Household Income : $ 98,637 $ 111,188 $ 111,662
2024 Total Consumer Spending : $ 128 M $ 712 M $ 1117 M
2024 Median Age : 37 38 40
2024 Total Households : 1,496 7,348 11,448
2024 Pop Age 25+: Bachelor's Degree : 561 2,673 4,189
2024 Average Home Value : $ 323,974 $ 374,282 $ 403,153
*ESRI data is presented for informational purposes only

Listing Broker

Loading...
Disclaimer & Confidentiality
All information, content, data, and other materials on this Platform (“Content”) is made available to you on an “AS IS” basis without warranties of any kind, express or implied. All such Content is made available for informational purposes only and should not be relied on by you for any purpose. Content may contain errors, may be inaccurate or incomplete and/or, due to changing circumstances or other causes, may change or ultimately prove to be inaccurate or incomplete. Other than as set forth in our Terms of Service we do not have any control over your use of our Services or any Content. You should not use any such Services or any Content without validating the results through independent research, obtaining up-to-date information, and considering all relevant facts and circumstances, including your specific situation (financial or otherwise). We do not recommend, guarantee, or represent that the Services or any Content will predict the future performance of real estate assets or other assets of any kind. Moreover, we do not warrant the performance or results that may be obtained by using any of the foregoing. WE ARE NOT ENGAGED IN RENDERING TAX, LEGAL, INVESTMENT, FINANCIAL OR RISK MANAGEMENT ADVICE, AND THE RESULTS OF USE OF OUR SERVICES AND ANY CONTENT MUST NOT BE REGARDED OR REPRESENTED AS CONSTITUTING SUCH ADVICE. WE DO NOT MAKE ANY REPRESENTATIONS OR WARRANTIES REGARDING THE ACCURACY OF ANY CONTENT AND/OR PROJECTIONS GENERATED BY THE SERVICES OR ANY CONTENT

GET IN TOUCH

my activity