Listed by Highland Capital
$1,500,000
Taco Bell | 25 Year Lease | Academy Sports Outparcel
Details
Property Type Retail
Sub Type QSR/Fast Food
Square Footage 2,154
Net Rentable (SqFt) 2,154
Units 1
Cap Rate 5%
NOI $75,000
Occupancy 100%
Tenancy Single
Brand/Tenant Taco Bell
Lease Type Absolute NNN
Lease Term 25
Lease Expiration 11/30/2049
Remaining Term 23.5
Rent Bumps Yes
Lease Options Yes
Price per SqFt $696
Class A
Year Built 2024
Buildings 1
Stories 1
Acreage 1.004
Parking Spaces 11 spaces
Parking Per SqFt 5.11
Investment Type Net Lease
Tenant Credit Corporate Guarantee, Franchisee
Lease Commencement 11/18/2024
Occupancy Date 11/18/2024
Absolute NNN | 24 Years Remaining | Academy Sports Outparcel
Marketing description
Investors have the the rare opportunity to acquire a brand new, long-term net leased (ground lease interest) Taco Bell property in Zanesville, OH (Columbus MSA). The subject property is strategically located on the main thoroughfare in Zanesville. This quick-service restaurant commenced a fresh 25+ year lease with 10% rental increases occurring every 5 years of the lease term on November 18, 2024. This brand new Taco Bell property has zero landlord responsibilities, which makes it the ideal investment opportunity for a passive or out-of-state investor looking for a high-performing QSR tenant with a strong brand identity, quality product, and explosive brand growth nationwide.
Investment highlights
- TOP PERFORMING FRANCHISEE (MAS RESTAURANT GROUP)
- ABSOLUTE NNN LEASE: ULTIMATE EASE OF MANAGEMENT FOR INVESTOR
- LONG TERM 25-YEAR LEASE WITH RENTAL INCREASES EVERY 5 YEARS
- NEW CONSTRUCTION TACO BELL PROPERTY IN COLUMBUS OH MSA
- OUTPARCEL TO NEW ACADEMY SPORTS, ULTA BEAUTY, BOOT BARN, AND BEALLS
- FRAZEYSBURG RD: MAIN TRAFFIC CORRIDOR WITH NATIONAL QSR AND RETAILER PRESENCE
Listing Contacts
Listed by Highland Capital
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$75,000.00
$6,250.00/mo
Valuation Metrics
0
DSCR
5%
Cap Rate
5%
ROI
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