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Taco Bell, Tifton, GA

Taco Bell

Price $2,527,000
Cap Rate 4.75%
NOI $120,000
Lease Term 25 Years
Lease Type Absolute NNN, With Tenant Responsible For All Taxes, Insurance, And Maintenance Including Roof, Structure, And Parking Lot
Rental Increases 1% Annual Rental Increases
Year Built 2019
Building Size 2,721 SF
Lot Size .67 Acres (29,185 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
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

Investment Highlights

25-YEAR ABSOLUTE NNN LEASE WITH ANNUAL RENTAL INCREASES
» Operated by Taco Bell’s largest franchisee, with over 350 units
» Absolute NNN lease with no landlord management, providing an ideal investment for an out-of-area investor
» Rare annual rental increases, providing an excellent hedge against inflation
» Brand new build-to-suit property

HIGH-TRAFFIC LOCATION IN DENSELY POPULATED AREA
» 29,677 residents within a five-mile radius of the property
» Immediate access to Interstate 75 (42,810 AADT), increasing traffic to the site
» Visibility and access to 11,240 AADT on West 2nd Street
» Within two miles of 14 hotels, including Comfort Inn & Suites, Quality Inn, and Hampton Inn & Suites (combined 265 rooms)

IRREPLACEABLE INFILL LOCATION NEAR LARGE SCHOOLS, EMPLOYERS, AND RETAILERS
» Three miles from Tifton Regional Medical Center (181 beds, 2,400 employees, $1.3 billion in total patient revenue)
» Beneficial proximity to University of Georgia Tifton Campus and Abraham Baldwin Agricultural College (3,458 students)
» Neighbored by Tifton Mall (272,000 SF of retail space, 33 stores)
» Infill location in populated retail corridor and surrounded by several national tenants including AMC Theatres, McDonald’s, Ross, Starbucks, and many more
» Central location within the Tifton County School District (467 full-time teachers, 7,600+ students)

MAJOR NATIONAL TENANT WITH STRONG FINANCIALS
» Taco Bell serves more than 40 million customers each week in the U.S., with annual sales projected to reach $15 billion by 2022
» Voted Best Mexican Restaurant of 2018 in the Harris Poll 2018
» Owned by Yum! Brands, Inc. (over 48,000 restaurants in more than 145 countries and territories)



Property Description

The property is conveniently located and easily accessible from West 2nd Street, a major economic and retail corridor for Tifton, with excellent visibility and access to 11,240 vehicles per day directly in front of the location. The property has immediate access to Interstate 75 (42,810 AADT), a primary Tifton northsouth thoroughfare connecting Florida and Canada. The property benefits from its central location in a highly populated area, with 29,677 residents living within a five-mile radius of the location. Traffic to the site is increased by the property’s location within two miles of 14 hotels, including Comfort Inn & Suites, Quality Inn, and Hampton Inn & Suites (combined 265 rooms).

Increased traffic is greatly aided by the many surrounding schools and universities, such as the University of Georgia Tifton Campus and Abraham Baldwin Agricultural College (3,458 students). The site is located in heart of the Tifton County School District, which has 467 full-time teachers and over 7,600 students. The location resides three miles from Tifton Regional Medical Center (181 beds, 2,400 employees, $1.3 billion in total patient revenue). Visibility is also increased by the site’s location in a dense retail corridor, as the property is neighbored by Tifton Mall (272,000 SF of retail space, 33 stores) and surrounded by several national retailers, including McDonald’s, Arby’s, KFC, AMC Theaters, Chick-fil-A, Starbucks, and many more.

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