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Taco Bell, Conroe, TX

Taco Bell

Price $2,345,000
Cap Rate 4.35%
NOI $102,000
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 2,730 SF
Lot Size 0.97 Acres (42,253 SF)
Status Available
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

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 LEASE
» 25-year absolute NNN lease with no landlord management, providing an ideal investment for an out-of-area investor
» Operated by Taco Bell’s largest franchisee, with over 350 units
» Rare annual rental increases, providing an excellent hedge against inflation

HIGH-TRAFFIC LOCATION IN DENSE RETAIL CORRIDOR
» Immediate visibility and access to Interstate 45 (62,140 AADT)
» Across the street from Outlets at Conroe (73 stores)
» Surrounded by strong mix of national tenants including Waffle house, Valvoline, Wendy’s, Cracker Barrel, Jack in the Box, Valvoline, McDonald’s, and many more
» Within walking distance of four hotels
» Minutes from Walmart Supercenter, Kroger, and Kohl’s

IRREPLACEABLE INFILL LOCATION NEAR LARGE SCHOOLS, EMPLOYERS, AND COMMUNITY HUBS
» Within five miles of eight schools with combined enrollment of 9,773 students
» Surrounded by significant housing developments, including Graystone Hills, which features 780 homes, and The Woodland Hills, which includes over 4,500 homes
» Near Conroe Park North, a 1,655-acre industrial park tenanted by major employers such as National Oilwell Varco (1,047 combined employees) and MS Energy Services (1,000 employees)

NEW 2019 CONSTRUCTION
» 2019 construction featuring a dedicated drive-thru, providing additional
customer convenience and boosting sales revenue



Property Description

The property is conveniently located and easily accessible from League Line Road, with excellent visibility to 5,480 vehicles per day directly in front of the location, and 62,140 vehicles per day on nearby Interstate 45. The location offers a wide variety of shopping and national retail chains in the immediate vicinity, including six major shopping centers within five miles of the location that feature 1.8 million SF of retail space and 225 stores. The property is across the street from Outlets at Conroe (73 stores) and within walking distance of four hotels, including Days Inn & Suites by Wyndham Conroe North, La Quinta Inn & Suites by Wyndham Conroe, and Comfort Inn.

Increased traffic is greatly aided by the many surrounding schools, large employers, and community hubs in the area. The site is within five miles of eight schools with a combined enrollment of 9,773 students. The location is surrounded by significant housing developments, including Graystone Hills, which features 780 homes, and The Woodland Hills, which includes over 4,500 homes. Visibility is increased by the site’s location near Conroe Park North, a 1,655-acre industrial park tenanted by major employers such as National Oilwell Varco (1,047 combined employees) and MS Energy Services (1,000 employees).

Contact Us About This Property

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