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Taco Bell, Macon, GA

Taco Bell

Macon, Georgia

Price $2,525,000
Cap Rate 4.25%
NOI $107,313
Lease Term 25 Years
Lease Type Absolute NNN Lease, With Tenant Responsible For All Taxes, Insurance, and Maintenance, Including Roof, Structure, and Parking Lot
Rental Increases 1% Annual Rental Increases
Year Built 2021
Building Size 2,700 SF
Lot Size 0.64 Acres (27,878 SF)
Status Available
Lead Broker Information 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

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

Investment Highlights

25-YEAR ABSOLUTE NNN LEASE WITH ANNUAL RENTAL INCREASES
» Leased to Tacala Georgia Corp, one of Taco Bell’s largest operators with over 300 units
» 25-year absolute NNN lease to an iconic tenant
» No landlord management, ideal for an out-of-area investor
» Rare annual rental increases, providing an excellent hedge against inflation
» Taco Bell serves more than 42 million customers each week in the U.S., with annual sales projected to reach $15 billion by the end of 2022
» High-quality 2021 construction built to the latest Taco Bell prototype, featuring covered outdoor seating and a dedicated drive-thru for added customer convenience

HIGH TRAFFIC LOCATION NEAR LARGE SCHOOLS, RETAILERS, AND COMMUNITY HUBS
» Outparcel to Publix-anchored Tobesofkee Crossing (67,887 SF of new retail), and surrounded by a strong mix of local and national retailers, including the UPS Store, Dollar Tree, O’Reilly Auto Parts, Subway, Popeyes, Waffle House, and numerous others
» Prominent location along Thomaston Road with visibility and access to 31,100 combined vehicles per day near the Tucker Road signalized intersection
» Beneficial proximity to Interstate 475 (62,100 AADT) with easy access to the freeway on and off ramp
» Minutes from Middle Georgia State University (7,885 students) and Mercer University (8,600 students, 950 employees)
» Located near well-attended schools including Westside High School (1,161 students), Weaver Middle School (940 students), Union Elementary School (493 students), and more

IDEAL LOCATION IN A GROWING GEORGIA SUBURB
» Population of 78,898 within five miles, establishing a large customer base for the site
» Average annual household income of $107,669 within one mile (projected 27% increase by 2027)
» Gateway to Atlanta, the state capital and most populous city in Georgia (498,715 residents)
» Macon is the heart of central Georgia and was recently named by Inc. Magazine as one of the “top 50 small metro areas in the U.S.,” serving as the center of industry, medicine, and higher education for a 32-county trade area with a population of more than 993,000
» Georgia’s business climate has been ranked #1 in the nation for the eighth consecutive year by Site Selection and Area Development ranked Georgia the top state for doing business for the seventh year in a row


Property Description

Taco Bell is located along Thomaston Road near the Tucker Road signalized intersection with high visibility and access to 31,100 combined vehicles per day. The site maintains beneficial proximity to Interstate 475 (62,100 AADT). The property is an outparcel to a Publix-anchored new development, the Tobesofkee Crossing, featuring 67,887 square feet of retail. The site is surrounded by a strong mix of local and national retailers, including the UPS Store, Dollar Tree, O’Reilly Auto Parts, Subway, Popeyes, Waffle House, and many more. The property is just minutes from Middle Georgia State University (7,885 students) and Mercer University (8,600 students, 950 employees). The site is conveniently located near well-attended schools including, Westside High School (1,161 students), Weaver Middle School (940 students), Union Elementary School (493 students), and many more.

The property is ideally located in a growing Georgia suburb with a population of 78,898 within a five-mile radius, establishing a large customer base for the site. The average annual household income is $107,669 within one mile and is projected to increase significantly by 27 percent in the next five years. The location is a gateway to Atlanta, the state capital and most populous city in Georgia (498,715 residents). Macon is the heart of central Georgia and was recently named by Inc. Magazine as one of the “top 50 small metro areas in the U.S.,” serving as the center of industry, medicine, and higher education for a 32-county trade area with a population of more than 993,000. Georgia’s business climate has been ranked number one in the nation for the eighth consecutive year by Site Selection. Furthermore, Area Development ranked Georgia the “top state for doing business” for the seventh year in a row.

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