Listed by Matthews
$2,435,616
Taco Bell
Details
Property Type Retail
Sub Type QSR/Fast Food
Square Footage 2,720
Cap Rate 6.10%
Tenancy Single
Brand/Tenant Taco Bell
Lease Type NNN
Lease Term 15
Lease Expiration 09/28/2034
Remaining Term 8.5
Lease Options 5,5 Year Options
Price per SqFt $895
Year Built 2019
Buildings 1
Stories 1
Acreage 1.310
Parking Spaces spaces
Lease Commencement 06/05/2017
Ground Lease No
Ownership Fee Simple
Absolute NNN Lease
Investment highlights
- Absolute NNN Lease: 15-year absolute triple-net lease with approximately 8.5 years remaining on the primary term; tenant assumes full responsibility for all expenses, including roof, structure, and maintenance, minimizing landlord obligations.
- Corporate Guarantee: Lease guaranteed by U.S. Leader Restaurants, Inc., a well-capitalized and experienced 19-unit Taco Bell franchisee with a strong operational history.
- Institutional-Grade Tenant: Occupied by Taco Bell, one of the nation’s leading quick-service restaurant (QSR) brands, operating over 8,200 locations across the U.S.
- Modern Construction: Built in 2019, the property features Taco Bell’s current prototype design with drive-thru capabilities, enhancing operational efficiency and throughput.
- Structured Rent Increases: 10% rental escalations every five years, including during option periods, provide predictable and growing income streams.
- Long-Term Income Security: Approximately ±8.5 years of remaining primary lease term with five (5) additional five-year renewal options, offering durable cash flow and tenant retention potential.
Listing Contacts
Listed by Matthews
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