Listed by Matthews
$2,569,248
Taco Bell | 1.5% Annual Increases | Extremely Strong Sales
Details
Property Type Retail
Sub Type Restaurant
Square Footage 2,004
Cap Rate 5.75%
NOI $147,731
Tenancy Single
Brand/Tenant Taco Bell
Lease Type NNN
Lease Expiration 07/31/2034
Remaining Term 8.2
Rent Bumps Yes
Lease Options Four, 5-Year Options
Class B
Year Built 1989
Parking Spaces spaces
Tenant Credit Franchisee, Corporate Guarantee
Lease Commencement 08/01/2014
Ground Lease No
Sale Condition N/A
52,000 Vehicles Daily | 37 Year Operating History
Investment highlights
Lease & Location Highlights
- ABS NNN Taco Bell backed by Charter Foods (±453 unit operator)
- ±8.25 years of remaining lease term, with four (4), five-year renewal options
- 37 year operating history with extremely strong sales (contact agent for details)
- Taco Bell signed a brand new 20-year lease in 2014, proving their long term commitment to the location and market
- Annual rent escalations of 1.5% support steady organic income growth
- Strategically located off of I-71, which sees in excess of 52,000 vehicles daily
- Nearby national tenants include 7 Eleven, McDonalds, Tractor Supply Company, Walmart Supercenter, and many more
- Mansfield is located in between Columbus and Cleveland on the main thoroughfare
Tenant Highlights
- Taco Bell is a globally recognized quick-service restaurant brand and a subsidiary of Yum! Brands, Inc., one of the largest restaurant companies in the world
- The brand operates thousands of locations across the United States, supported by a well-established franchise, Charter Foods and corporate network
- Taco Bell maintains a strong position within the QSR segment, benefiting from consistent consumer demand for value-oriented, convenient dining options
- Backed by Yum! Brands’ extensive operational infrastructure and marketing platform, Taco Bell continues to demonstrate long-term brand strength and national market presence
Listing Contacts
Listed by Matthews
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Loan Amount
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Annual Debt Service
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Annual Cash Flow
$147,731.00
$12,310.92/mo
Valuation Metrics
0
DSCR
5.75%
Cap Rate
5.75%
ROI
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