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DOM: 99 Updated: 03.04.24 Posted: 09.27.23 Status: Sold 01.04.24

Summary

Price $2,222,000 $2,298,850
Built/Renov 2022
Tenant Taco Bell (GL)
Cap Rate 4.50% 4.35%
Lease Type Abs NNN
Guarantor Franchisee
Size/SF 2,023
Lease Start 01-01-2024
#Units 70
Price/SF $1,098.37 $1,136.36
Expiration 01-01-2049
Tenant Type Fast Food/QSR
NOI $100,000
R. Term 23.8
Ownership Ground Lease
Rent/SF $49.43
Increases 10.0%/5/yrs
Pop 5Mi 43,670
Lot/AC 0.66
Options 4/5yrs/10%
AHHI 5Mi $138,405

Lease Highlights

  • Brand new 2023 construction
  • Taco Bell to sign a new 25-year lease with 4 (5-year) options to extend
  • The ground lease features 10% rental increases every 5 years
  • Absolute NNN | Zero landlord responsibilities
  • Franchisee guaranteed by Southpaw
  • Southpaw successfully operates over 70 Taco Bell and 50 Dunkin’ locations

Location Description

This newly constructed Taco Bell is conveniently located at the intersection of Route 301 and Chadds Ford Drive, which sees a combined daily traffic count of 103,380 vehicles. The surrounding area is part of a strong retail corridor and is adjacent to the Brandywine Crossing Shopping Center, which features national retailers such as Costco, Safeway, McDonald's, and Target. This presence of...

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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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