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Taco Bell Ground Lease, Lexington, SC

Taco Bell Ground Lease

Lexington, SC

Price $1,500,000
Cap Rate 4.00%
NOI $60,000
Lease Term 15 Years
Lease Type Absolute NNN Ground Lease, With Tenant Responsible For All Taxes, Insurance, And Maintenance, Including Roof, Structure, And Parking Lot
Rental Increases 10% Rental Increases Every Five (5) Years
Year Built 2022
Building Size 2,053 SF
Lot Size 1.00 Acres (43,560 SF)
Status Available
Lead Broker Information Vincent Aicale
Executive Managing Director
415.690.5522
vince.aicale@cushwake.com
CA RE License #01728696

Ryan Forsyth
Executive Managing Director
415.413.3005
ryan.forsyth@cushwake.com
CA RE License #01716551

Michael T. Yuras, CCIM
Vice Chairman
415.481.0788
michael.yuras@cushwake.com
CA RE License #01823291

Scott Crowle
Executive Managing Director
415.604.4288
scott.crowle@cushwake.com
CA RE License #01318288

Investment Highlights

NEW 15-YEAR ABSOLUTE NNN GROUND LEASE TO ICONIC QSR TENANT
» New 15-year absolute NNN ground lease to iconic corporate tenant
» 10% rental increases every five years, providing a hedge against inflation
» No landlord management, ideal for an out-of-area investor
» Taco Bell serves more than 40 million customers each week in the U.S., with annual sales projected to reach $15 billion by the end of 2022
» Operated by Bell American, the third-largest Taco Bell franchisee with 282 restaurants across 9 states
» New 2022 construction built to latest Taco Bell prototype, featuring a drive-thru window for added customer convenience

PROMINENT LOCATION WITH A STRONG AND GROWING SOUTH CAROLINA CUSTOMER BASE
» Prominent location near the signalized hard-corner of South Lake Drive and Two Notch Road (35,400 AADT)
» Proximity to major South Carolina thoroughfares, including Interstate 20 (63,000 AADT)
» Population of 95,148 within a five-mile radius – a large customer base for the site
» Average annual household income of $107,925 within five miles of the location
» Projected population and income increase within 1-, 3-, and 5-mile radii over the next five years, poising Taco Bell and Lexington for steady concurrent growth

CENTRAL LOCATION NEAR LARGE LEXINGTON EMPLOYERS AND COMMUNITY HUBS
» Surrounded by a strong mix of local and national retailers, including Walmart Supercenter, CVS, Wendy’s, Dairy Queen, Dunkin’, and many more
» Eight miles from Lake Murray, a 50,000-acre recreation area featuring public beaches and a State Park
» Surrounded by high-density, single family housing developments and large townhouse complexes
» 25 minutes from Downtown Columbia, the capital and second-largest city in South Carolina (population 829,470)


Property Description

This Taco Bell is located near the signalized hard-corner of South Lake Drive and Two Notch Road (35,400 AADT). The site maintains beneficial proximity to major South Carolina thoroughfares, including Interstate 20 (63,000 AADT). The site is located in a densely populated community, with 95,148 residents living within a five-mile radius of the property, creating a large and consistent customer base for the site. The property also resides in an affluent area, with an average annual household income of $107,925 within five miles. This Taco Bell is poised for growth as well, with projected population and income increase within 1-, 3-, and 5-mile radii over the next five years.

Visibility to the property is increased by the site’s centralized location near large employers and community hubs. The site is surrounded by a strong mix of local and national retailers, including Walmart Supercenter, CVS, Wendy’s, Dairy Queen, Dunkin’, and many more. The location features a beneficial proximity to several Houston attractions and community hubs, including Lake Murray, a 50,000-acre recreation area featuring public beaches and a state park. The property greatly benefits from its strategic location immediately surrounded by high-density, single family housing developments. Additionally, the property is 25 minutes from Downtown Columbia, the capital and second-largest city in South Carolina (population 829,470).

Contact Us About This Property

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