Taco Bell

1921 U.S. 45 Bypass, Jackson, TN 38305

$1,742,200

Cap Rate 5.25%

Views: 170 DOM: 173 Updated: 10.14.24 Posted: 06.01.24 Status: Contract 09.04.24

Summary

Price $1,742,200	Built/Renov 1991/2005	Tenant Taco Bell
Cap Rate 5.25%	Lease Type Abs NNN	Guarantor Franchisee
Size/SF 2,491	Lease Start 01-31-2018	#Units 109
Price/SF $699.40	Expiration 01-31-2038	Tenant Type Fast Food/QSR
NOI $91,464	R. Term 13.2	Ownership Fee Simple
Rent/SF $36.72	Increases 10.0%/5/yrs	Pop 5Mi 67,451
Lot/AC 0.57	Options 6/5yrs/10%	AHHI 5Mi $76,957

Lease Highlights

Taco Bell has 13+ years remaining on the current lease term with 6 (5- year) options to extend
The lease features 10% rental escalations throughout the initial term and option periods
Absolute NNN | Zero landlord responsibilities
Lease guaranteed by Hospitality Restaurant Group (109 units backed)

Location Description

Taco Bell is strategically located at the signalized, hard corner intersection of US-45 Bypass and Carriage House Drive, with access to a substantial combined daily traffic count of 58,640 vehicles. The property is positioned in one of Jackson’s major retail corridors, surrounded by well-known national retailers such as Hobby Lobby, Home Depot, Best Buy, Kohl’s, Ashley Home Furniture, and...

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Key Features

Build to suit
High traffic 50M+ VPD
Dense retail corridor
Near major nationals
Strategically located
Freeway visibility
Income tax free state
Absolute NNN
Long 10+ yr lease
100+ unit franchisee backed

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Links

Taco Bell Wikipedia Taco Bell Wikipedia Jackson, Tennessee Zip Code 38305 Broker Site Page Drone Video

Maps

Local Information

1 Mile
3 Miles
5 Miles

Tenant

Tenant: Taco Bell
Guarantor:Franchisee
Company:Hospitality Restaurant Group
# Units:109
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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Traffic

Collection Street	Cross Street	Year	Traffic Vol	Distance
	Hwy 45 Byp	2022	47,572	0.03 mi
Stonebrook Pl	Oil Well Rd	2003	44,840	0.23 mi
Hwy 45 Byp	Country Club Ln	2012	42,833	0.35 mi
Pleasant Plains Extended	Bridlepath Dr	2022	8,457	0.62 mi
Pleasant Plains Exd	Country Club Ln	2012	8,151	0.64 mi
Vann Dr	Pleasant Plains Exd	2012	9,643	0.73 mi
Vann Drive	Stonebridge Blvd	2018	13,413	0.77 mi
COUNTRY CLUB LN.	Stonehaven Cir	2021	1,212	0.79 mi
Country Club Lane	Stonehaven Cir	2022	1,258	0.79 mi
OIL WELL RD.	Foxworth Dr	2020	11,013	0.83 mi

Listing Broker

Ian Schroeder

CBRE: NLPG Newport

Contact

18 Listings
2438 Views
2 Sold

Melissa Ley Marshall

CBRE: NLPG Newport

Contact

18 Listings
2438 Views
2 Sold

Ian Schroeder

Ian Schroeder joined CBRE in July 2013 as Senior Vice President, specializing in the sale and disposition of NNN single-tenant properties and arranging sale leaseback transactions throughout the United States. Schroeder's expertise includes working with a wide spectrum of major national real estate developers, institutions and private clients in the disposition of their real estate assets. He maintains intimate knowledge of national market trends and valuations, and is a highly-skilled negotiat

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Melissa Ley Marshall

Melissa Ley Marshall is First Vice President and Partner of CBRE’s Net Lease Property Group in Newport Beach, California. She specializes in the acquisition and disposition of NNN single-tenant retail properties throughout the United States and has closed $1 Billion in investment volume throughout her career. Melissa manages the entire sales process, from underwriting and valuation to offer negotiations, working relentlessly to deliver best results for her private and institutional clients.

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