loader
Join Free
Views: 76 DOM: 51 Updated: 10.12.24 Posted: 10.12.24 Status: Active

Summary

Price $2,000,000
Built/Renov 2024
Tenant Taco Bell
Cap Rate 5.50%
Lease Type Abs NNN
Guarantor Franchisee
Size/SF 2,130
Lease Start 12-01-2024
#Units 330
Price/SF $938.97
Expiration 12-31-2049
Tenant Type Fast Food/QSR
NOI $110,000
R. Term 25.1
Ownership Fee Simple
Rent/SF $51.64
Increases 1.0%/1/yrs
Pop 5Mi 12,215
Lot/AC 1.00
Options 4/5yrs/1%
AHHI 5Mi $54,183

Lease Highlights

  • Brand new construction | Store opening is planned for December 2024
  • New 25-year lease term 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 (330+ units backed)

Location Description

Taco Bell is strategically located on S Kerr Boulevard, with access to 12,460 vehicles passing by daily. The property is conveniently adjacent to a new Whataburger and 7 Brew, with nearby prominent national tenants such as Subway, Walmart, and McDonald's. Surrounding schools include North Farmington High School, Warner Middle School, and Kenbrook Elementary School. The 5-mile trade area serves...

...

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...


...

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