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Views: 75 DOM: 190 Updated: 05.04.24 Posted: 12.05.23 Status: Active

Summary

Price $1,867,000
Built/Renov 2023
Tenant Taco Bell (GL)
Cap Rate 6.00%
Lease Type Abs NNN
Guarantor Franchisee
Size/SF 2,400
Lease Start 05-01-2024
#Units 250
Price/SF $777.92
Expiration 04-30-2044
Tenant Type Fast Food/QSR
NOI $112,000
R. Term 19.10
Ownership Ground Lease
Rent/SF $46.67
Increases 10.0%/5/yrs
Pop 5Mi 34,798
Lot/AC 1.05
Options 0/0yrs/10%
AHHI 5Mi $95,066

Lease Highlights

  • Brand-new 2023 construction
  • Taco Bell will be signing a brand-new 20-year lease with options TBD at close of escrow
  • Lease features 10% rental increase every 5 years throughout the initial term
  • Absolute NNN | Zero landlord responsiblities
  • Lease guaranteed by Pacific Bells (250 units)

Location Description

Taco Bell is strategically located on Main Street, adjacent State Highway 57, a major north/south traveling thoroughfare with access to 10,000 vehicles passing by daily. The property is situated less than two miles south of Midview High School, Middle School, and Elementary School. Additionally, it is positioned in a retail hot spot, alongside local restaurants and a McDonald’s. The 5-mile...

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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 : 2,325 11,157 35,253
2023 Total Population : 2,306 11,130 34,798
2023 Employed Civilian Pop : 1,057 4,207 15,190
2023 Total Businesses : 110 218 730
2023 Average Household Income : $ 100,390 $ 98,129 $ 95,066
2023 Total Consumer Spending : $ 79 M $ 266 M $ 1055 M
2023 Median Age : 43 42 43
2023 Total Households : 925 3,171 12,914
2023 Pop Age 25+: Bachelor's Degree : 361 1,272 3,950
2023 Average Home Value : $ 262,860 $ 262,450 $ 237,529
*ESRI data is presented for informational purposes only

Traffic

Collection Street Cross Street Year Traffic Vol Distance
N Main St Novak Rd 2008 6,990 0.12 mi
Main St Parsons Rd 2014 4,550 0.62 mi
Durkee Rd Elm St 2012 2,656 0.64 mi
Main Street Parsons Rd 2021 4,982 0.73 mi
Main St Becker Ct 2011 7,963 0.81 mi
Main St Railroad St 2002 6,810 0.88 mi
Grafton Rd River Ridge Ct 2014 10,020 0.95 mi
Parsons Road Indian Hollow Rd 2021 3,323 0.97 mi
Durkee Rd Capel Rd 2012 3,364 0.99 mi
Indian Hollow Rd Csx RR 2008 2,139 0.99 mi

Listing Broker

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