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Views: 7 DOM: 6 Updated: 10.12.24 Posted: 10.12.24 Status: Active

Summary

Price $2,000,000
Built/Renov 2024
Tenant Taco Bell
Cap Rate 5.50%
Lease Type Abs NNN
Guarantor Franchisee
Size/SF 2,130
Lease Start 12-01-2024
#Units 330
Price/SF $938.97
Expiration 12-31-2049
Tenant Type Fast Food/QSR
NOI $110,000
R. Term 25.2
Ownership Fee Simple
Rent/SF $51.64
Increases 1.0%/1/yrs
Pop 5Mi 12,215
Lot/AC 1.00
Options 4/5yrs/1%
AHHI 5Mi $54,183

Lease Highlights

  • Brand new construction | Store opening is planned for December 2024
  • New 25-year lease term with 4 (5-year) options to extend
  • The lease features 1% annual rental increases throughout the initial term and option periods
  • Absolute NNN lease | Zero landlord responsibilities
  • Lease guaranteed by K Mac Enterprises (330+ units backed)

Location Description

Taco Bell is strategically located on S Kerr Boulevard, with access to 12,460 vehicles passing by daily. The property is conveniently adjacent to a new Whataburger and 7 Brew, with nearby prominent national tenants such as Subway, Walmart, and McDonald's. Surrounding schools include North Farmington High School, Warner Middle School, and Kenbrook Elementary School. The 5-mile trade area serves...

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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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Listing Broker

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