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Views: 155 DOM: 416 Updated: 07.09.24 Posted: 08.21.23 Status: Active

Summary

Price $1,685,000
Built/Renov 2019
Tenant Taco Bell
Cap Rate 4.75%
Lease Type Abs NNN
Guarantor Franchisee
Size/SF 1,820
Lease Start 12-01-2023
#Units 63
Price/SF $925.82
Expiration 11-30-2043
Tenant Type Fast Food/QSR
NOI $80,038
R. Term 19.1
Ownership Fee Simple
Rent/SF $43.98
Increases 10.0%/5/yrs
Pop 5Mi 11,783
Lot/AC 0.80
Options 4/5yrs/10%
AHHI 5Mi $49,031

Lease Highlights

  • Taco Bell will sign a brand-new 20-year lease at close of escrow with 4 (5-year) options to extend
  • Lease features 10% rental increases every 5 years
  • Absolute NNN lease | Zero landlord responsibilities
  • Franchise guaranteed by North Texas Bells, LLC (63 units)

Location Description

Taco Bell is conveniently positioned at the hard corner intersection of North Center Street and Dana Street, offering excellent frontage and visibility of Interstate 44, which sees a daily traffic count of over 16,700 vehicles. The subject property is also conveniently located near several schools including Burkburnett High School, Overton Ray Elementary School, and IC Evan Elementary School....

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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 : 3,893 10,886 11,593
2023 Total Population : 3,953 11,021 11,726
2023 Employed Civilian Pop : 1,721 4,694 4,978
2023 Total Businesses : 115 279 302
2023 Average Household Income : $ 73,273 $ 83,276 $ 83,403
2023 Total Consumer Spending : $ 102 M $ 317 M $ 338 M
2023 Median Age : 38 40 41
2023 Total Households : 1,607 4,381 4,660
2023 Pop Age 25+: Bachelor's Degree : 408 1,194 1,289
2023 Average Home Value : $ 163,881 $ 218,491 $ 217,498
*ESRI data is presented for informational purposes only

Traffic

Collection Street Cross Street Year Traffic Vol Distance
Red River Expressway Sheppard Rd 2020 15,830 0.14 mi
Sheppard Road Sycamore Dr 2018 3,663 0.18 mi
Sheppard Road Sycamore Dr 2021 4,083 0.18 mi
Sheppard Rd Sycamore Dr 2014 4,100 0.20 mi
Cheryl Dr 2021 120 0.23 mi
I 44;US 277;US 281 Cheryl Dr 2021 19,392 0.23 mi
Cheryl Dr 2021 840 0.24 mi
Sycamore Dr Patricia St 2010 3,350 0.24 mi
Sheppard Road S Red River Expy 2021 7,296 0.30 mi
Kathryn St Kathryn Ct 2010 60 0.40 mi

Listing Broker

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