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Attributes
Year Built | 2022 |
Building Area Net |
|
Occupancy | 100.0 % |
Asset Description
Jones Lang LaSalle Americas, Inc. (“JLL”) is pleased to offer for sale the opportunity to acquire a single-tenant Taco Bell (the “Property” and “Offering”) featuring a brand-new construction, Absolute NNN Lease with 25 years of term. The investment opportunity offers a truly passive income structure with zero landlord responsibilities and annual escalations throughout the contractual lease term. The Offering is a part of a larger redevelopment at the intersection of State Hwy 29 and Stonewall Pkwy. Plans at the intersection include an access road off the main drag and a total of 4 pad sites. One of the pads will be a brand-new McDonald’s. The Tacala Companies (the “Tenant”) is a strong franchise operator that started with their first Taco Bell in 1989 and has since grown to over 300 locations in the Southeast and Texas. The investment offers a rare opportunity to acquire a national QSR brand on a long-term lease, featuring great visibility and access in a growing market.
Investment Highlights
FAVORABLE LEASE ECONOMICS
Brand-new construction building leased to leading QSR brand on a 25-year lease with zero landlord responsibilities
INDUSTRY LEADING TENANCY
Yum! Brands has proven to be a pandemic-resistance tenant, with strong revenue growth through FY2020-2021
STRONG FRANCHISEE OPERATOR
Leased to 300+ location Taco Bell franchisee that has been in business for over 30 years
BENEFITS FROM NEARBY DEVELOPMENTS
Located within a commercial development site with plans to include 4 total pad sites, one of which will be a McDonald’s
SURROUNDED BY EXCEPTIONAL DEMOGRAPHICS
The Property is located in Liberty Hill, TX a growing trade area with an estimated population increase of 6% in the next 5 years and average household incomes of $125,900 in a 3-mile radius