Listed by Marcus & Millichap - Columbus, Marcus & Millichap - Phoenix
$1,584,000
Taco Bell Ground Lease
Details
Property Type Retail
Sub Type QSR/Fast Food, Restaurant
Square Footage 2,164
Cap Rate 5%
NOI $79,200
Occupancy 100%
Tenancy Single
Brand/Tenant Taco Bell
Lease Type Absolute NNN
Lease Term 15
Lease Expiration 07/31/2035
Remaining Term 9
Rent Bumps Yes
Lease Options 3, 5 Year Options
Year Built 2020
Acreage 0.780
Investment Type Net Lease
Tenant Credit Franchisee
Lease Commencement 08/01/2020
Ground Lease Yes
Abs NNN Ground Lease | Columbus MSA | Rare Low Price Point
Marketing description
Taco Bell Corp., a subsidiary of Yum! Brands, Inc., (NYSE: YUM), is the nation’s leading Mexican-inspired quick serve restaurant (QSR). Taco Bell and its more than 350 restaurant franchise organizations have over 7,000 restaurants worldwide.
Powell is a city in Delaware County, Ohio located approximately 14 miles north of Columbus. Home to over 13,000 residents with a median household income of $157,149, Powell is within one of the wealthiest counties in the United States. Powell was recognized as one of the Best Places to Live in the United States by Money Magazine, and was named the Best Suburb in the United States by Business Insider.
Investment highlights
- Rare Low Price Point Absolute Triple-Net (NNN) Ground Lease - Outparcel to Target
- Large 67-Unit Taco Bell Franchisee
- Affluent Demographics in Columbus, Ohio and Strong Growth Market - Average Household Income Exceeds $184,000 within a One-Mile Radius
- 10 Percent Rental Increases Every Five Years
- 171,730 Residents within a Five-Mile Radius in Growing Trade Area
- Located Five Minutes from the Columbus Zoo & Aquarium, Attracting Over Two Million Visitors Annually
- Surrounded by Major Retailers within a Two Mile Radius - ALDI, Chipotle, Kroger, LifeTime Fitness, McDonald’s, Walmart, and More
- Easily Accessible Location Less Than Three Miles Off I-270, a Significant Connector for the Greater Columbus Area
Listing Contacts
Listed by Marcus & Millichap - Columbus, Marcus & Millichap - Phoenix
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$79,200.00
$6,600.00/mo
Valuation Metrics
0
DSCR
5%
Cap Rate
5%
ROI
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