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Views: 102 DOM: 41 Updated: 06.13.24 Posted: 06.01.24 Status: Active

Summary

Price $1,742,200
Built/Renov 1991/2005
Tenant Taco Bell
Cap Rate 5.25%
Lease Type Abs NNN
Guarantor Franchisee
Size/SF 2,491
Lease Start 01-31-2018
#Units 109
Price/SF $699.40
Expiration 01-31-2038
Tenant Type Fast Food/QSR
NOI $91,464
R. Term 13.6
Ownership Fee Simple
Rent/SF $36.72
Increases 10.0%/5/yrs
Pop 5Mi 67,451
Lot/AC 0.57
Options 6/5yrs/10%
AHHI 5Mi $76,957

Lease Highlights

  • Taco Bell has 13+ years remaining on the current lease term with 6 (5- year) options to extend
  • The lease features 10% rental escalations throughout the initial term and option periods
  • Absolute NNN | Zero landlord responsibilities
  • Lease guaranteed by Hospitality Restaurant Group (109 units backed)

Location Description

Taco Bell is strategically located at the signalized, hard corner intersection of US-45 Bypass and Carriage House Drive, with access to a substantial combined daily traffic count of 58,640 vehicles. The property is positioned in one of Jackson’s major retail corridors, surrounded by well-known national retailers such as Hobby Lobby, Home Depot, Best Buy, Kohl’s, Ashley Home Furniture, and...

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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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Listing Broker

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