Taco Bell

About this listing

- Long-Term, Secure Lease Structure: Taco Bell is under a 25-year absolute NNN ground lease, expiring in 2044, with built-in 10% rent escalations every 5 years and four 5-year renewal options, offering stability and a secure income stream. Current NOI $107,250
-Strong Brand and Operator: Taco Bell, a global leader in fast food, is owned by Yum Brands (YUM-NYSE) and has over 7,000 U.S. locations. The tenant is operated by Cotti Foods Corporation, an experienced franchisee with a significant portfolio of 83 Taco Bells, 94 Wendy's, and 10 Pieology restaurants.
-Prime Orange County Location: Strategically located at a high-traffic intersection with easy access to major highways, the site enjoys strong visibility and attracts a broad consumer base. The location at Euclid Street and Garden Grove Blvd serves over 326,000 residents within a 3-mile radius.
-Low-Risk Investment with Minimal Landlord Responsibilities: The property is a newly constructed, low-maintenance, absolute NNN lease asset where the tenant is responsible for all property expenses, reducing oversight and risk for the owner
-Embedded Rent Increases: The lease includes 10% rent increases every 5 years, providing a built-in hedge against inflation and ensuring rent growth over the lease term
-Proven Regional Retail Hub: The property benefits from being part of a well-established commercial retail area, surrounded by major retailers and complementary businesses that drive traffic to the location
-No Financing Encumbrances: The property is free of any existing debt, providing investors with a clean, debt-free acquisition and potential for immediate returns