Listed by Hanley Investment Group
$3,240,000
Taco Bell Pad | Sanger, CA
Details
APN 32009116S
Property Type Retail
Sub Type QSR/Fast Food
Square Footage 3,000
Net Rentable (SqFt) 3,000
Cap Rate 5%
NOI $161,914
Occupancy 100%
Tenancy Single
Brand/Tenant Taco Bell
Lease Type Absolute NNN
Lease Term 35.1
Lease Expiration 11/30/2037
Remaining Term 11.5
Rent Bumps Yes
Lease Options Two 5-Year @ 15% Each Option
Price per SqFt $1,080
Broker Co-Op Yes
Year Built 2003
Buildings 1
Stories 1
Acreage 0.500
Lease Commencement 11/15/2002
Recent 10-Year Extension with 300+ Unit Operator | Taco Bell 23-Year Operating History
Marketing description
CLICK HERE FOR FULL OFFERING MEMORANDUM: https://bit.ly/TacoBell_Sanger
Investment highlights
- Single-Tenant Absolute NNN Taco Bell Pad to Academy & Jensen:
- New 10-year lease extension; 11+ years remaining
- Zero landlord responsibilities
- Rare 15% increases every 5 years
- 23-year operating history at the subject property
- The tenant, Pacific Bells, LLC, is an experienced regional franchisee that operates 300+ Taco Bell, Buffalo Wild Wings, and 7 Brew locations across 9 states
- Yum! Brands operates over 8,800 restaurants across 30 countries worldwide
- #2 “Franchise 500 List” – Entrepreneur (2026)
- #4 “QSR Top 50 Report” – QSR Magazine (2025)
- High Barriers to Entry with Limited Surrounding Retail Competition: The property benefits from its position as the primary shopping center in Sanger, serving as a key retail destination for local residents and daily commuters
- Excellent Visibility Along Main Retail Corridor: The property is situated along Academy Avenue, which functions as the primary east-west artery in Sanger’s retail landscape, generating consistent daily traffic flow and over 22,000 CPD at the intersection of Academy Ave and Jensen Ave
- High-Growth Trade Area: The number of households has increased over 12.5% in a 3-mile radius over the past 10 years
- Gateway To/From Iconic Tourism & Recreation Destinations: Sanger is the gateway city to two of America’s greatest National Parks and is the last city before passing through the west gates of both the Sequoia National Park and Kings Canyon National Park (2 million visitors combined in 2024)
- Central Valley Location: California’s Central Valley has one of the world’s largest economies and is located within four hours of 90% of the state’s population
- Sanger is located just minutes east of Clovis-Fresno Metropolitan area on State Route 180, which connects to State Route 99
- Sanger is the center of a large agricultural area, and within 200 miles of Sacramento, San Francisco, and Los Angeles
Listing Contacts
Listed by Hanley Investment Group
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$161,914.00
$13,492.83/mo
Valuation Metrics
0
DSCR
5%
Cap Rate
5%
ROI
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