Embed Size (px)
Citation preview
INVESTMENT SUMMARY
• Sale Price: $1,818,182 • Cap Rate: 8.25%• Building Size: 2,404 Sq. Ft.• Land Size: 30,635sf (.70ac)• Drive Thru: Yes• Date Opened: 11-1-07• NOI: $150,000 • Lease Term: 20 years COE• Lease Type: Absolute NNN• Increases: 8% increases every five years• Options: 4 x 5 years with same increases
No warranty or representation, express or implied, is made as to the accuracy of the information contained herein, and same is submitted to errors, omissions, change of price, rental or other conditions, withdrawal without notice, and to any special listing conditions imposed by our principals
1010 Northern Blvd, Ste 208Great Neck, NY 11021PH: 516-482-0220FX: [email protected]
INVESTMENT HIGHLIGHTSAbsolute Triple Net Lease; No landlord responsibilityMulti unit Taco Bell operatorOut-parcel of giant Southmarket Shopping CenterAnchored by Lowe’s and Wal-MartOther national retailers include CVS, Starbucks, McDonald’s Applebees & Commerce Bank Excellent visibility & access with hi traffic countVery high household incomeNew image Taco Bell
file
pho
to
No warranty or representation, express or implied, is made as to the accuracy of the information contained herein, and same is submitted to errors, omissions, change of price, rental or other conditions, withdrawal without notice, and to any special listing conditions imposed by our principals
1010 Northern Blvd, Ste 208Great Neck, NY 11021PH: 516-482-0220FX: [email protected]
Demographics 1 Mile 3 Mile 5 Mile
Population (2008) 5,308 37,648 125,214
Avg. HH Income $102,799 $125,589 $96,158
Traffic Count 14,000
CORPORATE INFORMATIONThe first Taco Bell opened in 1962 and started franchising in 1964. It was acquired by Pepsico in 1978 when it had 868 units. Taco Bell started free drink refills in ’88 and by 2002 it became part of Yum! Brands, Inc. with Long John Silvers, A&W, KFC and Pizza Hut.In 2004, Taco Bell launched its “Think Outside the Bun” campaign and became the “official quick service restaurant” of Major League Baseball. Today, Taco Bell serves more than two billion people in over 5,800 restaurants, world wide. 80% of Taco Bells are franchisee owned and operated.
AREA INFORMATIONKansas City, the largest city in Missouri, covers 318 sq. mi. and parts of four counties, has a population of nearly half a million with a metro area over two million people. Founded in 1838, Kansas City is famous for its jazz, blues and KC style barbeque. It is the home of Sprint Nextel, H&R Block, Hallmark Cards, Garmin, Russell Stover Candies and Dairy Farmers America, the country’s largest dairy co-op.
No warranty or representation, express or implied, is made as to the accuracy of the information contained herein, and same is submitted to errors, omissions, change of price, rental or other conditions, withdrawal without notice, and to any special listing conditions imposed by our
principals
1010 Northern Blvd, Ste 208Great Neck, NY 11021PH: 516-482-0220FX: [email protected]
