Taco Bell Ground Lease 13470 East Freeway, Houston, TX Cap Rate 4.5% Houston ( Texas, US ) Built

$2,444,444 USD
Dollars

BAI-MEX Bienes Raíces y Negocios

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  • Type: Commercial
  • Style: Commercial
  • Size: 2,106 sq. ft.
  • Development Level: Built
  • Lot Size: 31425 acres
  • Year Built: 2020

Description

Taco Bell Ground Lease 13470 East Freeway, Houston, TX Cap Rate 4.5%

Cap Rate: 4.5%
NOI: $110,000
Building Size: 2,106 sqft
Lot Area: 31,425 sqft
Occupancy: 100%
Lease Type: Ground
Year Built: 2020

Price: $2,444,444 USD

DESCRIPTION

The offering provides an opportunity to acquire a brand new 20 year Taco Bell ground lease located in Houston, Texas. The newly constructed restaurant opened for business in November 2020. The lease is an absolute NNN ground lease that features a rare 20-year base term with five 5-year options to extend and 10% increases every 5-years throughout the base term as well as five 5-year options. The store will be operated by a successful franchisee (www. bgfood.com) which has 151 Taco Bell units and over 3000 employees in three states: Texas, Louisiana, and Mississippi.

The Taco Bell is an outparcel to a Sam’s Club, Home Depot and Academy Sports & Outdoors anchored shopping center. Located on the east side of Houston and fronting Interstate-10 (165,593 VPD) the property benefits from over 190,000 residents within a 5-mile radius. Houston is the most populous city in the state of Texas and the fourth largest in the United States with over 2.3 million residents.

HIGHLIGHTS
• 20-Year absolute Net ground lease
• Fixed 10% rental increases every 5-years
• Strong franchisee (151 locations)
• Taco Bell corporate - $10.8 Billion in 2019 sales
• Outparcel to Sam’ s Club, The Home Depot and Academy Sports & Outdoors
• Fronts Interstate-10 (165,000+ VPD)
• Excellent access and visibility
• Over 190,000 residents in a 5-mile radius

For more information
Javier Tamez Martínez.
jtamez@bai-mex.com
Celular: +52 (81) 1599 75 36
# ID de Propiedad: 358038156
Podemos encontrar propiedades comerciales e industriales para invertir en cualquier ciudad y estado de estados unidos.

Attachments

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Information is deemed to be correct but not guaranteed.