Single Tenant Taco Bell
Taco Bell | 5.25% CAP | Bite - Sized Priced Offering
Marketing description
Forged Real Estate is pleased to exclusively offer the opportunity to acquire the fee simple interest in a single tenant property leased to Taco Bell, (the “Property”) in DuBois, Pennsylvania, a regional economic hub in northwestern Clearfield County. Taco Bell operates on a NNN Ground Lease, providing a completely passive, hands-off investment that can be owned and managed from anywhere. The tenant has occupied this site since 1994, establishing a long-standing identity within the market. Originally constructed in 1994, the building underwent a full renovation in 2018, underscoring the operator’s commitment to the location.
With annual rent positioned below $45,000, the asset offers an accessible entry point into a nationally recognized QSR tenancy. The store is operated by Charter Central, LLC, a subsidiary of Charter Foods, an experienced franchisee overseeing 343 Taco Bell locations from Morristown, TN. Charter Foods ranks as the 18th largest franchisee in the 2024 Franchise Times Restaurant 200, generating more than $550 million in revenue.
Performance metrics further reinforce the strength of this location. According to Placer.ai, this Taco Bell ranks in the top 83% of all Taco Bells nationwide, top 86% within Pennsylvania, and is the #1 performer within a 15-mile radius. With no remaining lease options, the Buyer will benefit from meaningful negotiating leverage as the lease term winds down, supported by the tenant’s strong performance and demonstrated long-term commitment through the 2018 remodel.
Investment highlights
ESTABLISHED, LONG 30+ YEAR OPERATING HISTORY – Taco Bell has been at this location since 1994, creating an identity within the market. Originally built in 1994, the building was fully renovated in 2018 demonstrating their commitment to the location.
STRONG PLACER.AI PERFORMANCE – Taco Bell ranks in the top 83% among all Taco Bells in the United States, top 86% in Pennsylvania and is the #1 location within 15 miles, according to Placer.ai, demonstrating the strength of this location.
NNN GROUND LEASE – Taco Bell operates on a NNN Ground Lease, making this deal a completely hands off, passive investment opportunity, allowing this asset to be owned from anywhere carefree.
BITE-SIZED PRICED OFFERING – With annual rent positioned below $45,000, the asset offers an accessible entry into a nationally recognized QSR tenancy.
EXPERIENCED AND ESTABLISHED OPERATOR – Charter Central, LLC is a subsidiary of Charter Foods a franchisee and operator of 343 Taco Bells from Morristown, TN. Charter Foods was the 18th ranked franchisee out of 200 in the 2024 Franchise Times Restaurant 200 with over $550 million in revenue.
NAKED LEASE WITHOUT ANY REMAINING OPTIONS – The Buyer of the Taco Bell will have negotiating power once the Lease starts to run down due to the fact that there are no remaining options and that the location does so well as shown by their Placer.ai performance (top 83% in the U.S.) and the commitment by the Tenant when the building was completely remodeled in 2018.
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