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Taco Bell Ground Lease, Brookfield, WI

Taco Bell Ground Lease

Price $1,667,000
Cap Rate 4.50%
NOI $75,000
Lease Term 25 Years
Lease Type NNN Ground Lease, with Tenant Responsible for All Taxes, Insurance, and Maintenance, Including Roof, Structure, and Parking Lot
Rental Increases $5,000 Rental Increases Every Five (5) Years
Year Built 2019
Building Size 2,080 SF
Lot Size 1 Acre (43,620 SF)
Status Available
Lead Broker Information Scott Crowle
Senior Director
415.604.4288
scott.crowle@cushwake.com
CA RE License #01318288

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

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 NNN GROUND LEASE WITH GUARANTY
» 25-year NNN ground lease with five option periods of five years each
» Tenant is responsible for taxes, insurance, and all maintenance
» No landlord management, making this asset an ideal investment opportunity for an out-of-area investor
» 2019 construction built to latest Taco Bell prototype featuring ample on-site parking and dedicated drive-thru
» Leased to 298-unit franchisee and guranteed by 231-unit entity

IRREPLACEABLE INFILL LOCATION IN POPULOUS, AFFLUENT, AND GROWING AREA
» Irreplaceable infill location at the corner of North 124th Street and West Lisbon Road (28,100 AADT)
» Convenient access from Interstate 41 (124,000 AADT), significantly increasing traffic to the site
» 240,030 residents within a five-mile radius of the property, providing a large customer base for the property
» Average annual household income of $88,468 within one mile of the site
» Projected 14 percent AHI increase within five miles of the site in the next five years, poising Brookfield and Taco Bell for significant concurrent growth

CENTRAL LOCATION NEAR LARGE RETAILERS, EMPLOYERS, AND COMMUNITY HUBS
» Immediately surrounded by several national retailers, including Target, The Home Depot, McDonald’s, Starbucks, Petco, Jimmy Johns, Hobby Lobby, and many more
» Within a five-mile radius of 10 major shopping centers with a combined 4.6 million SF of retail space and 503 stores, promoting crossover shopping to the location
» A half-mile from Milwaukee Tools global headquarters, with over 1,100 employees, driving daytime traffic to the property
» Two miles from Brookfield East High School (1,246 students), increasing lunch time traffic to the site
» Five miles from Froedtert Hospital (735 beds, 3,372 employees)
» 10 miles from Downtown Milwaukee and Lake Michigan, greatly increasing regional traffic to the location



Property Description

The property has an irreplaceable infill location at the corner of North 124th Street and West Lisbon Road, with visibility and access to 28,100 vehicles per day in front of the location. Traffic to the site is increased by nearby Interstate 41, which experiences an extremely high traffic count of 124,000 vehicles per day. The site benefits from its location in a densely populated area, with 240,030 residents living within a five-mile radius of the location. The property is also based in a growing and affluent area, with an average annual household income of $88,468 within one mile of the site. The property is primed to grow along with the surrounding area, with a projected 14 percent average annual household income increase within five miles of the site in the next five years.

The property has a central location between large employers, retailers, and community hubs. The site is immediately surrounded by several national retailers, including Target, The Home Depot, McDonald’s, Starbucks, Petco, Jimmy Johns, Hobby Lobby, and many more. The location is also within a five-mile radius of 10 major shopping centers with a combined 4.6 million SF of retail space and 503 stores, promoting crossover traffic to the location. Traffic to the location is also increased by its proximity within two miles of Brookfield East High School (1,246 students), and five miles from Froedtert Hospital (735 beds, 3,372 employees). The property is also located 10 miles from Downtown Milwaukee and Lake Michigan, greatly increasing regional commuter traffic to the site.

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