Taco Bell Absolute NNN Ground Lease with 15 Years Remaining
Retail | 5.25% CAP | 2,126 SqFt
Marketing description
This is a Taco Bell Absolute NNN Ground Lease investment opportunity with 15 years remaining in Ashland, Ohio. The property is positioned within an established retail corridor adjacent to Walmart, Aldi, and national QSR tenants. Located directly off Interstate 71, the site benefits from strong visibility along US-250 with over 15,000 vehicles per day.
The property features a freestanding drive-thru asset on a 1.2-acre parcel, completed in 2020 with modern prototype design. The lease is backed by Yum! Brands (NYSE: YUM), a publicly traded parent company with $8.2 billion in revenue and $42 billion+ market capitalization. The corporate guaranty from Taco Bell of America, LLC provides strong credit support.
The investment offers scheduled rent increases every 5 years with four 5-year renewal options, providing extended long-term upside and durable cash flow. The property is strategically located between Cleveland and Columbus MSAs, 3 miles from Ashland University and regional employers.
Investment highlights
- Positioned Within Established Retail Corridor | Adjacent To Walmart, Aldi, And National Qsr Tenants | Strong Retail Synergy
- Located Directly off Interstate 71 on the way to Walmart
- Strategic Location Between Cleveland And Columbus MSA's | Regional Connectivity | Accessible Trade Area
- Growing Population Across Trade Area | Stable Demographics | Long-Term Market Stability
- Freestanding Drive-Thru Asset | 1.2 Acre Parcel | Optimal QSR Site Layout
- Backed By Yum! Brands (NYSE: YUM) – Publicly Traded Parent Company With $8.2B In Revenue And $42B+ Market Capitalization
- Yum! Brands Reports $2.57B In Net Income – Strong Corporate Credit Profile Supporting Long-Term Lease Stability
- Located In Stable Market | 3 Miles From Ashland University And Regional Employers | Diverse Economic Drivers
- Below Market Ground Lease at Only $47,530 in Rent; Long Term Embedded Appreciate Potential
- Scheduled Rent Increases Every 5 Years | Built-In Income Growth | Hedge Against Inflation
- Four 5-Year Renewal Options | Extended Long-Term Upside | Durable Cash Flow Profile
- High Visibility Location Along US-250 | 15,000+ Vehicles Per Day | Strong Traffic Exposure
- Taco Bell Absolute NNN Ground Lease With Zero Landlord Responsibilities
- 15 Years Of Term Remaining | Long-Term Income Visibility | Limited Near-Term Rollover Risk
- Corporate Guaranty From Taco Bell Of America, LLC | Subsidiary Of Yum! Brands | Investment Grade Credit Profile
- New Construction 2020 Asset | Modern Prototype Design | Minimal Capital Expenditure Requirements
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