Listed by Katz & Associates
$2,400,000
Taco Bell
Details
APN 07-46-24-00-00005.1090
Property Type Retail
Sub Type QSR/Fast Food, Restaurant
Square Footage 2,167
Cap Rate 5.25%
Tenancy Single
Brand/Tenant Taco Bell
Lease Type Absolute NNN
Lease Term 5
Lease Expiration 11/29/2030
Remaining Term 5
Lease Options 3, 5-year options
Broker Co-Op Yes
Year Built 1997
Year Renovated 2023
Acreage 1.020
Zoning Commercial
Tenant Credit Corporate Guarantee
Rent Commencement 11/29/2025
Retail | 5.25% CAP | 2,167 SqFt
Marketing description
Katz & associates is pleased to offer for sale to qualified investors the opportunity to purchase the taco bell asset located in fort myers beach, florida (the “property”). The property consists of a 2,167-square foot freestanding building on a 1.02-acre parcel of land. Taco bell recently completed a renovation in 2023, and is shadow anchored by walmart (4.6k+ daily visits per placer.Ai). The property’s features a 20+ year operating history that is backed by a lease guaranteed by corporate, yum! Brands, inc. (ticker: yum) a major global quick-service restaurant company with over approx. 60,000 restaurants in more than approx. 155 countries and territories. The lease also features 10% rental escalations every five years throughout the remaining base term, providing investors with a hedge against inflation. The property presents a long-term opportunity to acquire an asset in a highly desirable trade area.
Investment highlights
- Single tenant absolute NNN investment opportunity
- Asking $2,400,000 with a 5.25% cap rate
- 2,167 SF freestanding building on a 1.02 acre parcel of land
- Built in 1997 and renovated in 2023
- Shadow Anchored by Walmart
- Operating Business – Do not disturb
- Brand-New, Long-Term Lease Taco Bell recently entered into a new 5-year lease with three additional 5-year extensions options, providing investors with steady cash flow and 10% rent increases every 5-years.
- Corporate Guarantee from Investment Grade Rated QSR Taco Bell is supported by it’s parent company, Yum! Brands, Inc., which currently overseas approximately 60,000 restaurants locations in more than 155 countries.
- Outstanding Visibility Located on Summerlin Road with traffic counts exceeding 37,000 AADT, the property additionally features a service road behind the site that offers easy access to the corridor’s national retailers.
- Walking distance from Walmart & Publix The Property is located within walking distance of both Walmart and Publix, the site benefits from strong daily traffic and increased visibility for Taco Bell.
- Absolute NNN Ground Lease The Lease is Absolute NNN with zero landlord responsibilities, offering ease of management and truly passive cash flow.
- Co-Tenants Surrounding by national retailers, including Walmart, Publix, Lee Health, CVS, Circle K, Murphy USA, Aldi, ABC, Heartland Dental, and McDonald’s. The property sits in a highly trafficked retail corridor.
- Demographics A surrounding population of over 36,570 households provides a reliable customer base, further supported by steady visiting traffic flowing between Sanibel and Downtown Fort Myers.
Listing Contacts
Listed by Katz & Associates
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