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Taco Bell Ground Lease, New Caney, TX

Taco Bell Ground Lease

New Caney, TX

Price $733,333
Cap Rate 3.75%
NOI $27,500
Lease Term 20 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 2013
Building Size 1,961 SF
Lot Size 0.3168 acres (13,801 SF)
Status Available
Lead Broker Information Michael T. Yuras, CCIM
Executive Managing Director
415.481.0788
michael.yuras@cushwake.com
CA RE License #01823291

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

Vincent Aicale
Executive Director
415.690.5522
vince.aicale@cushwake.com
CA RE License #01728696

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

Investment Highlights

RARE CORPORATE TACO BELL GROUND LEASE WITH EXTREMELY LOW RENT
» Original 20-year absolute NNN lease with four (4) five (5) year options
» Extremely low rent – $14.02 per square foot
» 10% rental increases every five years, providing a hedge against inflation
» No landlord management, making this asset an ideal investment opportunity for an out-of-area investor

LOCATED IN A POPULOUS, AFFLUENT, AND GROWING CORRIDOR
» High-traffic location along U.S. Route 59, a major east-west New Caney thoroughfare (71,358 AADT)
» Average annual household income of $86,348 within five miles of the location
» Population of 58,762 within a five-mile radius of the location, creating a large customer base for the site
» Projected eight percent average annual household income increase within a five-mile radius of the site in the next five years, poising Taco Bell and New Caney for concurrent growth

CENTRAL LOCATION NEAR LARGE RETAILERS, EMPLOYERS, AND COMMUNITY HUBS
» Outparcel to La Michoacana Meat Market and Planet Fitness, attracting crossover shopping to the location
» New Burger King neighboring the site scheduled to open Q4 2021
» Two nearby H-E-B locations open and planned within five and three miles
» Immediately surrounded by several national retailers, including Walmart Supercenter, Walgreens, Dollar Tree, Jack-in-the-Box, Starbucks, Popeyes, Papa John’s Pizza, and many more
» Less than two miles from Valley Ranch, a 1,400-Acre Master Planned Community with approximately 1,200 homes and 917 multi-family residences including the Town Center Shopping Mall (750,000-SF retail space) with 34 major and local shops including Academy Sport & Outdoors, Bath & Body Works, Burlington, Kroger, PetSmart, Ross and more
» Less than a mile from Keefer Crossing Middle School (911 students), New Caney Elementary School (632 students) under the New Caney Independent School District, among the fastest growing school districts in Texas (20 schools, 16,081 students, 2,162 staff)
» Beneficial proximity to major New Caney tourist attractions, including Big Rivers Waterpark and Grand Texas RV Resort



Property Description

Visibility to the property is increased by the site’s centralized location in a growing retail corridor. The property is outparcel to La Michoacana Meat Market and Planet Fitness, attracting crossover shopping to the location. This shopping center will also feature a new Burger King, further attracting shoppers to the location. The site’s location along U.S. Route 59 (71,358 AADT), a major east-west New Caney thoroughfare greatly increases visibility to the site. The property is immediately surrounded by several national retailers, including Walmart Supercenter, Walgreens, Dollar Tree, Jack in the Box, Starbucks, Popeyes, Papa John’s Pizza, and many more. Valley Ranch, a 1,400-acre Master Planned Community is located less than two miles from property with approximately 1,200 homes and 917 multifamily
residences, including the Town Center Shopping Mall (750,000-SF retail space), with 34 major and local shops including Academy Sport & Outdoors, Bath & Body Works, Burlington, Kroger, PetSmart, Ross and more.

Traffic to the property is increased by the site’s location in a densely populated, affluent, and growing market. 58,762 residents live within a five-mile radius of the location, establishing a large regular customer base for the site. The property resides in a robustly affluent area, with an average annual household income of $86,348 within five miles of the location. The property is primed to grow along with the surrounding area, with a projected eight percent average annual household income increase within five miles of the site in the next five years. The property is also less than a mile from Keefer Crossing Middle School (911 students) and New Caney Elementary School (632 students) under the New Caney Independent School District, among the fastest growing school districts in Texas with 20 schools, 16,081
students, and 2,162 full-time staff.

Contact Us About This Property

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