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Taco Bell, Akron, OH

Taco Bell

Price $1,516,000
Cap Rate
NOI
Lease Term 20 years, with 15 years remaining
Lease Type Absolute NNN, with tenant responsible for all taxes, insurance, and maintenance, including roof, structure, and parking lot
Rental Increases 1.5% annual rental increases
Year Built 2014
Building Size 2,015 SF
Lot Size 0.59 acres (25,745 SF)
Status Available
Lead Broker Information Vincent Aicale
Cushman & Wakefield
415.690.5522
vince.aicale@cushwake.com
CA RE License #01728696

Ryan Forsyth
Cushman & Wakefield
415.413.3005
ryan.forsyth@cushwake.com
CA RE License #01716551

Michael T. Yuras, CCIM
Cushman & Wakefield
415.481.0788
michael.yuras@cushwake.com
CA RE License #01823291

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

Investment Highlights

LONG-TERM ABSOLUTE NNN LEASE
» Long-term lease, with 15 years remaining in initial term, plus four five-year options
» No landlord management, providing an ideal investment for an out-of-area investor
» Operated by a leading Yum! Brands franchisee, with Taco Bell, Long John Silver, Kentucky Fried Chicken, and A&W stores in 12 states throughout the South and Northeast regions of the U.S.
» Rare annual rental increases, providing an excellent hedge against inflation

HIGH-TRAFFIC LOCATION IN RETAIL CORRIDOR
» Strategically located on East Market Street, with excellent visibility and access to 16,210 vehicles per day directly in front of the property
» East Market Street provides convenient access to Highway 8 (107,015 AADT) and Interstate 76 (94,616 AADT)
» Located in a strong retail corridor close to several notable tenants
» A short drive from large shopping centers like The Plaza at Chapel Hill, Portage Crossing, and Summit Mall

CENTRAL LOCATION WITH LARGE CUSTOMER BASE
» Just over a mile from downtown Akron
» Within walking distance of the University of Akron, which has a total enrollment of 25,177 students
» Near the 648-bed Summa Health System – Akron Campus
» Located in a densely populated area near major employment centers, with 237,636 residents and 142,213 daytime employees within a five-mile radius

HIGH-QUALITY BUILDING FEATURING DEDICATED DRIVE-THRU
» Dedicated drive-thru, catering to vehicle traffic and providing additional customer convenience
» Easy access from East Market Street and Carroll Street
» Ample onsite and cross-access parking



Property Description

SOLD

The property is strategically located on East Market Street, with excellent visibility and access to 16,210 vehicles per day directly in front of the property. East Market Street provides convenient access to Highway 8 (107,015 AADT) and Interstate 76 (94,616 AADT). Due to its location in a strong retail corridor, the property is close to several notable retailers, including Domino’s Pizza, Family Dollar, CVS, McDonald’s, and Circle K, amongst others. The property is also just a short drive from large shopping centers like The Plaza at Chapel Hill, Portage Crossing, and Summit Mall.

The property is centrally located within the Akron area and benefits from a large customer base. The property is just over a mile from downtown Akron and is within walking distance of both the
648-bed Summa Health System – Akron Campus and the University of Akron, which has a total enrollment of 25,177 students. Furthermore, the property is located in a densely populated area near major employment centers; 237,636 residents live and 142,213 daytime employees work within a five-mile radius of the property.

Contact Us About This Property

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