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DOM: 129 Updated: 12.15.23 Posted: 07.08.23 Status: Sold 11.15.23

Summary

Price $193,000
Built/Renov 1977
Tenant TacoTime
Cap Rate 6.99%
Lease Type Abs NNN
Guarantor Franchisee
Size/SF 997
Lease Start 07-01-2019
#Units 300
Price/SF $193.58
Expiration 06-30-2024
Tenant Type Fast Food/QSR
NOI $13,500
R. Term 0.10
Ownership Fee Simple
Rent/SF $13.54
Increases 105.0%/1/yrs
Pop 5Mi 3,381
Lot/AC 0.12
Options 1/5yrs/105%
AHHI 5Mi $74,213

Lease Highlights

  • Tenant has been open and operating successfully at this location since 1975
  • Low rent / $1.13 psf monthly
  • Lease features 1 (5-year) option at 105% of previous rent
  • Absolute NNN | Zero Landlord Responsibilities
  • Franchisee guaranteed by Kahala Brands

Location Description

Taco time is located at the hard corner interection of Onyx Street and Coral Street which sees 4,700 vehicles passing per day. The subject property and town is strategically positioned in southwestern Wyoming, near Highway 30, which connects Interstate 80 and Interstate 15. Both Interstate 80 and Interstate 15 act as a vital travel and transportation corridors. Interstate 80 runs ‘east to...

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Maps

  • 1 Mile
  • 3 Miles
  • 5 Miles

Tenant

  • Tenant: TacoTime
  • Guarantor:Franchisee
  • Company:Kahala Brands
  • # Units:300
  • Stock:Private

About Tenant

TacoTime is a legacy regional brand with a strong presence in the Pacific Northwest of the United States. First opened in Eugene, OR in 1960, there are now over 300 operating restaurants located...


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Demographics

  1 Miles 3 Miles 5 Miles
2028 Total Population : 2,391 3,226 3,306
2023 Total Population : 2,317 3,127 3,204
2023 Employed Civilian Pop : 1,096 1,505 1,547
2023 Total Businesses : 168 206 213
2023 Average Household Income : $ 76,681 $ 78,441 $ 78,922
2023 Total Consumer Spending : $ 64 M $ 88 M $ 91 M
2023 Median Age : 41 41 41
2023 Total Households : 994 1,329 1,356
2023 Pop Age 25+: Bachelor's Degree : 219 283 289
2023 Average Home Value : $ 216,065 $ 220,749 $ 221,970
*ESRI data is presented for informational purposes only

Traffic

Collection Street Cross Street Year Traffic Vol Distance
Pine Street Opal St 2018 3,833 0.09 mi
Fossil Dr Antelope St 2003 5,090 0.40 mi
Ruby St Coral St 2003 1,260 0.66 mi
Coral Street Coral St 2018 2,113 0.67 mi
US Hwy 189 Quartz St 2003 4,390 0.71 mi
Quartz St 2018 3,283 0.71 mi
Fossil Drive Brilliant St 2018 2,565 0.84 mi
US Hwy 189 Quartz St 2003 2,760 1.27 mi
US Hwy 30 Alt Red Canyon Dr 2003 3,060 1.31 mi
Pleasant Hill Dr 2018 1,052 1.35 mi

Listing Broker

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