Off Market Taco Bell Corp GL
Confidential
Confidential
Price: $1,750,000Cap Rate: 4.29%NOI: $75,000Building SF: Under ConstructionLot Size: 33,157Year Built: 2023Status: Available
INVESTMENT HIGHLIGHTS:
PAD AT ENTRANCE TO KROGER ANCHORED SHOPPING CENTER
- Ideally located at the signalized intersection entrance into Kroger anchored Shopping Center
- Several nationals located within the shipping center including McDonalds, Starbucks, Papa Johns, SuperCuts, Pet People, Kroger Fuel Station and several other local and regional tenants
BRAND NEW CONSTRUCTION – DECEMBER 2023 OPENING
- The subject property is currently under construction, scheduled to be open December 23, 2023
LONG TERM CORPORATE ABSOLUTE NNN GROUND LEASE
- Full 20-year lease term providing any investor long term passive NNN income
- Zero landlord obligations.
YUM! BRANDS INC. – ONE OF THE WORLD’S LARGEST FAST FOOD COMPANIES
- Operates over 56,000 restaurants in more than 155 countries
- Q3 2023 Highlights:
- 10% system sales growth
- $15,830m in total system sales
- 6% same store sales growth
- 1,130 gross new units
STRONG DEMOGRAPHICS AND GROWING TRADE AREA WITHIN 1-MILE OF SUBJECT PROPERTY
- Very affluent area – $183,942 average household incomes within 1-mile of subject property (Over $100k avg HH incomes within 1, 3 and 5 mile radius)
- 52% annual growth rate between 2020 to 2023 within 1-mile radius
SEVERAL NEARBY TRADE AREA GENERATORS
- Subject property is located just blocks from Franklin Central High School (approx.. 3,064 students)
- Kitley Intermediate School and South Creek Elementary School are also just blocks from the property.
- Dakota Landing Golf Club is directly north of the Taco Bell.
SITUATED ALONG MAJOR THOROUGHFARE BETWEEN TWO MAJOR INTERSTATES
- Taco Bell is located along a major thoroughfare directly between Interstate 74 and Interstate 65
- Only 13 miles from downtown Indianapolis
- High traffic counts with 31,494 CDP along E. Southport Road