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Views: 99 DOM: 76 Updated: 10.30.24 Posted: 09.17.24 Status: Active

Summary

Price $1,933,333
Built/Renov 2024
Tenant Taco Bell
Cap Rate 6.00%
Lease Type Abs NNN
Guarantor Franchisee
Size/SF 2,130
Lease Start 12-01-2024
#Units 350
Price/SF $907.67
Expiration 11-30-2049
Tenant Type Fast Food/QSR
NOI $116,000
R. Term 25.0
Ownership Fee Simple
Rent/SF $54.46
Increases 1.0%/1/yrs
Pop 5Mi 5,545
Lot/AC 1.00
Options 4/5yrs/1%
AHHI 5Mi $68,400

Lease Highlights

  • Brand new 2024 construction
  • New 25-year lease 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 (350 units backed)

Location Description

Taco Bell is strategically located on U.S. Route 66, with access to 8,685 vehicles passing by daily. The property is surrounded by prominent national tenants, including Subway, McDonald’s, Hertz, U-Haul, State Farm, and more. Key educational institutions nearby include Chandler High School, Chandler Middle School, and Chandler Elementary School. The 5-mile trade area serves a population 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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