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Views: 47 DOM: 41 Updated: 11.01.24 Posted: 10.23.24 Status: Active

Summary

Price $3,300,000
Built/Renov 2005
Tenant Taco Bell
Cap Rate 5.00%
Lease Type Abs NNN
Guarantor Franchisee
Size/SF 2,842
Lease Start 12-01-2024
#Units 40
Price/SF $1,161.15
Expiration 12-31-2039
Tenant Type Fast Food/QSR
NOI $165,000
R. Term 15.1
Ownership Fee Simple
Rent/SF $58.06
Increases 10.0%/5/yrs
Pop 5Mi 23,979
Lot/AC 0.83
Options 4/5yrs/10%
AHHI 5Mi $72,688

Lease Highlights

  • Brand new 15-year sale leaseback with 4 (5-year) options to extend
  • 10% rental increases every 5 years
  • Absolute NNN lease | Zero landlord responsibilities
  • Strong sales performance with healthy rent to sales ratio (Inquire for details)
  • Emerge Inc is an award winning and growing operator with 185-units across four brands (40+ unit guaranty)

Location Description

Taco Bell is strategically located on East Highway 66, a primary thoroughfare with access to a daily traffic count of 13,411 vehicles. The property is conveniently positioned just 0.5 miles from Highway 40, a significant east-west transcontinental interstate spanning 2,557 miles, making it the third-longest interstate highway in the United States. Additionally, the site benefits from limited...

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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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