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Taco Bell, Irmo, SC

Taco Bell

SC, United States

Price $1,010,000
Cap Rate
NOI
Lease Term 20 Years
Lease Type
Rental Increases 10% Rental Increases Every 5 Years
Year Built 2017
Building Size 2,053 SF
Lot Size 0.93 Acres (40,511 SF)
Status Sold
Lead Broker Information Michael T. Yuras, CCIM
Cushman & Wakefield
415.481.0788
michael.yuras@cushwake.com
CA RE License #01823291

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

Vincent Aicale
Cushman & Wakefield
415.690.5522
vince.aicale@cushwake.com
CA RE License #01728696

Investment Highlights

LONG-TERM ABSOLUTE NNN GROUND LEASE
» 20-year NNN ground lease guaranteed by the second largest Taco Bell franchisee
» 10% rental increases every five years, providing a hedge against inflation
» Absolutely no landlord management, providing an ideal investment for an outof- area investor

HIGH-TRAFFIC LOCATION IN LARGE RETAIL CENTER
» Excellent access and visibility to 21,800 vehicles per day on Dutch Fork Road
» Outparcel to large retail center, anchored by Walmart Supercenter and featuring Dollar Tree, GNC, Verizon, Pizza Hut, and other national tenants
» Close proximity to Interstate 26 (52,300 AADT), the primary route to downtown Columbia

PRIME LOCATION IN AFFLUENT COLUMBIA SUBURB
» Average household income over $102,000 within a three-mile radius
» Less than a mile from Lake Murray, a major recreational area in the region
» Convenient access to downtown Columbia, the University of South Carolina, Fort Jackson, and Columbia Metropolitan Airport

NEW 2017 CONSTRUCTION
» 2017 construction featuring a dedicated drive-thru, providing additional customer convenience and boosting sales revenue
» Built by tenant at tenant’s expense, demonstration long-term commitment to the location
» New building, limiting near-term deferred maintenance or capital costs

Click Here to Download Offering Memorandum


Property Description

SOLD

The property is located on Dutch Fork Road, with excellent access and visibility to 21,800 vehicles per day. The property is outparcel to a large shopping center anchored by Walmart Supercenter and featuring major national tenants, including Dollar Tree, GNC, Verizon, Shoe Dept., Little Caesars, and others. Dutch Fork Road is a retail corridor, and the property is surrounded by notable retailers, such as Tractor Supply Company, McDonald’s, Walgreens, CVS, Subway, and Chick-fil-A. Major retail districts, like downtown Irmo and the Columbiana Centre regional mall, are just a few miles from the property.

The property is less than a mile from the shore of Lake Murray. Lake Murray is a focal point of the region, with many different communities tied to the lake. Additionally, the lake has become a recreational attraction, with fishing and boating being popular activities. The site also benefits from its close proximity to Interstate 26, the main route connecting the northwest region of the Columbia MSA to downtown Columbia. As a result, the property is within a short drive of important landmarks and business centers, including Columbia’s central business district, the University of South Carolina, Fort Jackson, and the Columbia Metropolitan Airport.

Contact Us About This Property

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