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Views: 104 DOM: 277 Updated: 08.06.24 Posted: 12.05.23 Status: Active

Summary

Price $2,194,000
Built/Renov 2023
Tenant Taco Bell (GL)
Cap Rate 6.00%
Lease Type Abs NNN
Guarantor Franchisee
Size/SF 2,400
Lease Start 05-01-2024
#Units 250
Price/SF $914.17
Expiration 04-30-2044
Tenant Type Fast Food/QSR
NOI $131,658
R. Term 19.8
Ownership Ground Lease
Rent/SF $54.86
Increases 10.0%/5/yrs
Pop 5Mi 7,545
Lot/AC 0.80
Options 0/0yrs/10%
AHHI 5Mi $80,828

Lease Highlights

  • Brand-new 2023 construction
  • Taco Bell will be signing a brand-new 20-year lease with options TBD at close of escrow
  • Lease features 10% rental increase every 5 years throughout the initial term
  • Absolute NNN | Zero landlord responsiblities
  • Lease guaranteed by Pacific Bells (250 units)

Location Description

Taco Bell is strategically located on North Brooklyn Street, adjacent to State Highway 49, a major north/south traveling thoroughfare with access to 11,400 vehicles passing by daily. The property is less than two miles west of the Outlets at Orange with well-known national tenants including the Nike Factory Store, Levi’s Outlet, Nordstrom Rack and more. The 5-mile trade radius is supported by...

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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 restaurant...


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Demographics

  1 Miles 3 Miles 5 Miles
2028 Total Population : 4,702 6,614 7,531
2023 Total Population : 4,673 6,614 7,550
2023 Employed Civilian Pop : 2,224 3,221 3,681
2023 Total Businesses : 231 327 353
2023 Average Household Income : $ 75,441 $ 79,864 $ 80,836
2023 Total Consumer Spending : $ 135 M $ 200 M $ 229 M
2023 Median Age : 42 43 43
2023 Total Households : 2,027 2,831 3,193
2023 Pop Age 25+: Bachelor's Degree : 432 710 826
2023 Average Home Value : $ 228,036 $ 231,481 $ 236,318
*ESRI data is presented for informational purposes only

Traffic

Collection Street Cross Street Year Traffic Vol Distance
Mound Street SW Franklin St 2021 1,400 0.08 mi
Broadway Street W Huron St 2021 10,200 0.09 mi
Broadway St N Grove St 2005 10,000 0.10 mi
Southwest Franklin Street S Grove St 2021 3,200 0.11 mi
South Washington Street SW Ceresco St 2021 2,700 0.13 mi
S Washington St N Washington St 2002 1,400 0.13 mi
SW Ceresco St S Brooklyn St 2005 290 0.14 mi
S Washington St SW Franklin St 2002 1,100 0.16 mi
2021 130 0.18 mi
Water St W Noyes St 2002 1,100 0.20 mi

Listing Broker

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