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DOM: 98 Updated: 12.27.23 Posted: 06.14.23 Status: Sold 09.20.23

Summary

Price $2,133,300
Built/Renov 2023
Tenant Taco Bell
Cap Rate 5.25%
Lease Type Abs NNN
Guarantor Franchisee
Size/SF 2,149
Lease Start 06-01-2023
#Units 330
Price/SF $992.69
Expiration 06-01-2048
Tenant Type Fast Food/QSR
NOI $112,000
R. Term 23.1
Ownership Fee Simple
Rent/SF $52.12
Increases 1.0%/1/yrs
Pop 5Mi 7,031
Lot/AC 0.81
Options 4/5yrs/1%
AHHI 5Mi $70,968

Lease Highlights

  • Brand new 2023 construction featuring latest prototype
  • Taco Bell recently signed a brand-new 25-year lease with 4 (5-year) options to extend
  • Lease features a 1% annual rental increases throughout the initial term and each option period
  • Absolute NNN lease | Zero landlord responsibilities
  • Lease guaranteed by K-Mac Enterprises (330+ units)
  • K-Mac Enterprises is one of the Nations Top Taco Bell Franchisees

Location Description

This newly constructed 2,149 square foot Taco Bell is situated on the hard corner intersection of East Main Street and Golf Ridge Road with access to 6,169 vehicles passing by daily. Neighboring national/credit tenants in the area include Pizza Hut, Tractor Supply Co, CVS, Dollar General, McDonald's and more. The 5-mile trade area is supported by 7,031 residents earning an average household...

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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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Demographics

  1 Miles 3 Miles 5 Miles
2028 Total Population : 2,227 4,101 6,638
2023 Total Population : 2,220 4,086 6,618
2023 Employed Civilian Pop : 1,192 2,141 3,346
2023 Total Businesses : 89 167 277
2023 Average Household Income : $ 76,616 $ 77,461 $ 80,939
2023 Total Consumer Spending : $ 63 M $ 117 M $ 196 M
2023 Median Age : 40 41 42
2023 Total Households : 924 1,700 2,737
2023 Pop Age 25+: Bachelor's Degree : 177 320 511
2023 Average Home Value : $ 135,927 $ 138,318 $ 147,247
*ESRI data is presented for informational purposes only

Traffic

Collection Street Cross Street Year Traffic Vol Distance
Ave Six Street Ave Four St 2018 1,125 0.17 mi
East Jackson Street Ave Four St 2021 5,783 0.42 mi
Ave Three St E Jackson St 2001 7,400 0.43 mi
Avenue 6 Ave Six St 2018 1,125 0.46 mi
East Jackson Street E Main St 2018 5,850 0.60 mi
East Summit Street Kentucky St 2021 1,392 0.68 mi
South Council Street E Bond St 2018 4,855 0.74 mi
South Council Street E Monroe St 2021 4,113 0.74 mi
South Council Street E Bond St 2021 4,589 0.75 mi
East Jackson Street Mc Donald St 2021 6,302 0.78 mi

Listing Broker

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