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Views: 48 DOM: 130 Updated: 05.07.24 Posted: 01.18.24 Status: Active

Summary

Price $1,500,000
Built/Renov 2004/2023
Tenant Taco Bell
Cap Rate 5.39%
Lease Type Abs NNN
Guarantor Franchisee
Size/SF 3,070
Lease Start 12-16-2011
#Units 330
Price/SF $488.60
Expiration 12-31-2028
Tenant Type Fast Food/QSR
NOI $80,892
R. Term 4.7
Ownership Fee Simple
Rent/SF $26.35
Increases 1.0%/1/yrs
Pop 5Mi 160,626
Lot/AC 0.79
Options 4/5yrs/1%
AHHI 5Mi $61,072

Lease Highlights

  • Taco Bell has 4+ years remaining on the current lease term with 4 (5-year) options to extend
  • Lease features 1% annual rent increases throughout the initial term and each option
  • Absolute NNN | Zero landlord responsibilities
  • Lease guaranteed by K-Mac Enterprises (330 units backed)

Location Description

Taco Bell is strategically located on S Lancaster Road, with access to 28,000 vehicles passing by daily. The property is adjacent to Interstate 20, with a substantial daily traffic count of 163,056. It is surrounded by a diverse blend of residential and commercial areas. Conveniently, it is situated just 1.5 miles away from the University of North Texas at Dallas. The surrounding area features...

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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 : 3,065 55,560 161,522
2023 Total Population : 3,099 55,598 162,428
2023 Employed Civilian Pop : 1,480 24,816 68,756
2023 Total Businesses : 89 907 3,748
2023 Average Household Income : $ 59,788 $ 62,264 $ 60,820
2023 Total Consumer Spending : $ 50 M $ 995 M $ 2890 M
2023 Median Age : 35 34 36
2023 Total Households : 950 18,265 54,166
2023 Pop Age 25+: Bachelor's Degree : 177 4,321 12,975
2023 Average Home Value : $ 208,794 $ 243,143 $ 233,467
*ESRI data is presented for informational purposes only

Traffic

Collection Street Cross Street Year Traffic Vol Distance
South Lancaster Road I-20 Svc Rd 2021 30,582 0.05 mi
I-20 Svc Rd S Lancaster Rd 2004 11,191 0.12 mi
S Lancaster Rd Motor City Blvd 2012 28,000 0.14 mi
I-20 Svc Rd Lbj FwySvc Rd N 2004 10,898 0.18 mi
I- 20 S Lancaster Rd 2004 8,946 0.26 mi
I- 20 S Lancaster Rd 2004 7,066 0.29 mi
Lyndon B Johnson Freeway Jefferson St 2021 3,456 0.35 mi
S Lancaster Rd Palo Alto Dr 2009 20,480 0.36 mi
Cedardale Rd Marigold Dr 2009 570 0.36 mi
Cedardale Rd Peterbilt 2009 2,630 0.36 mi

Listing Broker

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