loader
Join
DOM: 82 Updated: 01.29.24 Posted: 05.24.23 Status: Sold 08.14.23

Summary

Price $2,296,300 $2,285,700
Built/Renov 2023
Tenant Taco Bell
Cap Rate 5.23% 5.25%
Lease Type Abs NNN
Guarantor Franchisee
Size/SF 2,149
Lease Start 07-01-2023
#Units 320
Price/SF $1,068.54 $1,063.61
Expiration 06-30-2048
Tenant Type Fast Food/QSR
NOI $120,000
R. Term 23.1
Ownership Fee Simple
Rent/SF $55.84
Increases 1.0%/1/yrs
Pop 5Mi 134,798
Lot/AC 1.06
Options 4/5yrs/1%
AHHI 5Mi $67,397

Highlights

  • Brand new 2023 construction
  • Taco Bell recently signed a brand new 25-year lease with 4 (5-year) options to extend
  • Lease features 1% annual rental increases throughout the initial term and options
  • Absolute NNN | Zero landlord responsibilities
  • Guaranteed by K Mac Enterprises Inc. (over 320 units)

Location Description

This newly constructed 2,149 square foot Taco Bell is situated on a 1.06 acre lot at the signalized, hard corner intersection of Colonel Glenn Road and Talley Road with access to a combined 9,461 vehicles per day. The site is located a few blocks from the on/off ramp access to Interstate 430 (49,238 VPD) further increasing consumer draw to the area. National/credit tenants in the area include...

...

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...


...

Demographics

  1 Miles 3 Miles 5 Miles
2028 Total Population : 3,340 39,031 138,398
2023 Total Population : 3,084 38,095 137,444
2023 Employed Civilian Pop : 1,531 19,844 68,357
2023 Total Businesses : 238 2,068 6,670
2023 Average Household Income : $ 92,595 $ 81,583 $ 80,806
2023 Total Consumer Spending : $ 107 M $ 1165 M $ 4157 M
2023 Median Age : 38 36 36
2023 Total Households : 1,335 16,452 59,089
2023 Pop Age 25+: Bachelor's Degree : 410 5,802 21,894
2023 Average Home Value : $ 238,046 $ 205,601 $ 230,940
*ESRI data is presented for informational purposes only

Traffic

Collection Street Cross Street Year Traffic Vol Distance
Colonel Glenn Rd Talley Rd 2017 18,000 0.19 mi
300 Colonel Glenn Rd 2020 13,000 0.22 mi
AR 300 Commerical Centre Dr 2021 15,000 0.22 mi
430 Colonel Glenn Rd 2021 5,800 0.30 mi
430 Colonel Glenn Rd 2021 8,800 0.32 mi
430 Colonel Glenn Rd 2021 9,000 0.43 mi
430 Colonel Glenn Rd 2021 6,100 0.44 mi
South Shackleford Road Old Pine Rd 2021 5,900 0.45 mi
Colonel Glenn Rd Colonel Glenn Pl 2017 23,000 0.53 mi
COLONELGLENNRD 2020 19,000 0.60 mi

Listing Broker

Loading...
Disclaimer & Confidentiality
All information, content, data, and other materials on this Platform (“Content”) is made available to you on an “AS IS” basis without warranties of any kind, express or implied. All such Content is made available for informational purposes only and should not be relied on by you for any purpose. Content may contain errors, may be inaccurate or incomplete and/or, due to changing circumstances or other causes, may change or ultimately prove to be inaccurate or incomplete. Other than as set forth in our Terms of Service we do not have any control over your use of our Services or any Content. You should not use any such Services or any Content without validating the results through independent research, obtaining up-to-date information, and considering all relevant facts and circumstances, including your specific situation (financial or otherwise). We do not recommend, guarantee, or represent that the Services or any Content will predict the future performance of real estate assets or other assets of any kind. Moreover, we do not warrant the performance or results that may be obtained by using any of the foregoing. WE ARE NOT ENGAGED IN RENDERING TAX, LEGAL, INVESTMENT, FINANCIAL OR RISK MANAGEMENT ADVICE, AND THE RESULTS OF USE OF OUR SERVICES AND ANY CONTENT MUST NOT BE REGARDED OR REPRESENTED AS CONSTITUTING SUCH ADVICE. WE DO NOT MAKE ANY REPRESENTATIONS OR WARRANTIES REGARDING THE ACCURACY OF ANY CONTENT AND/OR PROJECTIONS GENERATED BY THE SERVICES OR ANY CONTENT

GET IN TOUCH

my activity