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Taco Bell, Killeen, TX

Taco Bell

Price
Cap Rate
NOI
Lease Term 25 Years
Lease Type Absolute NNN, with Tenant Responsible for all Taxes, Insurance, Utilities, and Maintenance, Including Roof, Structure, and Parking Lot
Rental Increases 1% Annual Rental Increases
Year Built 2018
Building Size 2,704 SF
Lot Size 0.89 Acres (38,768 SF)
Status Sold
Lead Broker Information 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

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

Cushman and Wakefield Inc. LIC. # 00616335
This property is listed in conjunction with Texas-licensed real estate broker Delta Commercial.

Investment Highlights

LONG-TERM ABSOLUTE NNN LEASE
» 25-year NNN lease with absolutely no landlord management, providing an ideal investment for an out-of-area investor
» Operated by one of Taco Bell’s largest franchisees, with over 280 units
» Rare annual rental increases, providing an excellent hedge against inflation

HIGH-TRAFFIC LOCATION WITH STRONG CUSTOMER BASE
» Excellent visibility and convenient, signalized access to 29,940 vehicles per day directly in front of the site on West Stan Schlueter Loop
» Immediate access to Highway 195/South Fort Hood Street, which experiencing a traffic count of 28,474 vehicles per day near the property
» 155,854 residents live within a five-mile radius
» Located in one of the fastest growing metro areas in Texas

CENTRAL LOCATION NEAR FORT HOOD AND TEXAS A&M UNIVERSITY–CENTRAL TEXAS
» Fort Hood is one of the largest military installations in the world, and the base has 35,611 active duty soldiers and 4,895 civilian employees
» Fort Hood is a major economic driver, contributing $35.4 billion annually to the state’s economy
» Texas A&M University–Central Texas (TAMU-CT) currently has an enrollment of 3,470 students, but is designed to accommodate over 15,000 students upon completion
» TAMU-CT has been dubbed the second largest economic development to occur in the region only behind the establishment of Fort Hood and is expected to have a total annual economic impact on the region of between $65 million and $129 million

NEW 2018 CONSTRUCTION
» 2018 construction featuring a dedicated drive-thru, providing additional customer convenience and boosting sales revenue



Property Description

SOLD
The property is located on West Stan Schlueter Loop, with excellent visibility and convenient, signalized access to 29,940 vehicles per day directly in front of the site. The property benefits from immediate access to Highway 195/South Fort Hood Street, which experiencing a traffic count of 28,474 vehicles per day near the property. The property is close to several large shopping centers and notable retailers. Major national tenants located along West Stan Schlueter Loop include Walmart Supercenter, H-E-B, CVS, McDonald’s, Dollar Tree, Starbucks, AutoZone, Family Dollar, and more. The property is also just minutes from Killeen Mall, which is visited by over 8 million people annually.

The property is centrally located between the main entrance to Fort Hood and the Texas A&M University–Central Texas (TAMU-CT) campus. Fort Hood is one of the largest military installations in the world. As the largest employer in the Killeen region and the largest single site employer in Texas, the base has 35,611 active duty soldiers and 4,895 civilian employees. Fort Hood is a major economic driver, contributing $35.4 billion annually to the state’s economy. TAMU-CT is one of the newest members of the Texas A&M University System. Located on a 662-acre campus, the university currently has an enrollment of 3,470 students, but is designed to accommodate over 15,000 students upon completion. Overall future campus development will include 19 academic buildings, 1,800 beds of student housing, a 30,000-seat football stadium, a 10,000-seat baseball field, an 8,000-seat indoor arena, parking for 6,000 cars, and much more. The university, which has been dubbed the second largest economic development to occur in the region only behind the establishment of Fort Hood, is expected to have a total annual economic impact on the region of between $65 million and $129 million.

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