Taco Bell - Etna, OH
New Construction Taco Bell | 25-yr Term | Abs. NNN Ground Lease | Columbus OH MSA
Marketing description
Jones Lang LaSalle Americas, Inc. ("JLL"), is pleased to exclusively offer for sale the interest in the Taco Bell located at 9051 Hazelton-Etna Rd SW, Etna, OH 43062 (the "Property" or "Asset"). The asset is a newly constructed building completed in 2026 and sits on a very large 1.18 AC parcel. Southpaw (the "Tenant") operates on a 25.0-year ground lease with no landlord responsibilities and 10.0% rental escalations every 5 years, including five, 5-year extensions.
Taco Bell is the nation's top Mexican-inspired quick-service restaurant brand and a subsidiary of Yum! Brands, Inc. (NYSE: "YUM"), the world's largest restaurant company. This Asset is owned and operated by Southpaw, which has 223 Taco Bell and Dunkin’ locations across the country, employing over 5,000 individuals. Southpaw is backed by Balance Point Capital, a private equity firm with approximately $2.44 billion in assets under management and has grown through strategic acquisitions and organic expansion.
Investment highlights
- Long-Term Ground Lease with Scheduled Growth: A newly executed 25.0-year ground lease features 10.0% rental escalations every five years, providing durable long-term income growth with no landlord responsibilities.
- Institutional-Scale Taco Bell Tenancy: The property is operated by Southpaw, an experienced 223-unit Taco Bell and Dunkin’ franchise operator backed by Balance Point Capital, with approximately 5,000 employees nationwide.
- Brand-New 2026 Construction with Strong Visibility: The newly completed Taco Bell drive-thru sits on a large 1.18-acre parcel along Hazelton-Etna Rd SW, benefiting from exposure to approximately 22,000 vehicles per day.
- Residential & Retail Growth Corridor: The asset is directly adjacent to the newly developed 264-unit Drayton Hall Apartments and surrounded by future retail development within one of Etna’s fastest-growing commercial corridors.
- Strategic Columbus MSA Location: Located 15 miles east of Downtown Columbus, the property benefits from one of the Midwest’s fastest-growing metropolitan areas, with Columbus adding more residents between 2024 and 2025 than any other Midwest city.
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