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Restaurant

Taco Bell Ground Lease

10600 Sawmill Pkwy, Powell, OH 43065

Listing Price: $1,800,000

Cap Rate
4.00%
Tenant Name
Cantina Hospitality, LLC
Years Remaining On Lease
13.2
Gross SF
2,164
Guarantor
No Guarantee
Rentable SF
2,164
Price/Gross SF
$831.79
Lease Type
NNN Ground Lease
Rent Per Square Feet
$33.27

Investment Overview

Taco Bell Corp., a subsidiary of Yum! Brands, Inc., (NYSE: YUM), is the nation’s leading Mexican-inspired quick serve restaurant (QSR). Taco Bell serves made-to-order and customizable tacos, burritos, and specialties such as the exclusive Doritos Locos Tacos, gourmet-inspired Cantina Bell Menu and lower calorie Fresco Menu. Powell is a city in Delaware County, Ohio located approximately 14 miles north of Columbus. Home to over 13,000 residents with a median household income of $157,149, Powell is within one of the wealthiest counties in the United States. Powell was recognized as one of the Best Places to Live in the United States by Money Magazine, and was named the Best Suburb in the United States by Business Insider.

Investment Highlights

  • Rare Low Price Point Absolute Triple-Net (NNN) Ground Lease - Outparcel to Target
  • Large 67 Unit Taco Bell Franchisee
  • Affluent Demographics in Columbus, Ohio and Strong Growth Market - Average Household Income Exceeds $189,000 within a One Mile Radius
  • 10 Percent Rental Increases Every Five Years
  • 162,431 Residents within a Five Mile Radius in Growing Trade Area
  • Located Five Minutes from the Columbus Zoo & Aquarium, Attracting Over Two Million Visitors Annually
  • Surrounded by Major Retailers within a Two Mile Radius - ALDI, Chipotle, Kroger, Life Time Fitness, McDonald's, Walmart, and More
  • Easily Accessible Location Less Than Three Miles Off I-270, a Significant Connector for the Greater Columbus Area

Exclusively Listed By

Financing By

Restaurant

Taco Bell Ground Lease

Listing Price: $1,800,000

Cap Rate
4.00%
Tenant Name
Cantina Hospitality, LLC
Years Remaining On Lease
13.2
Gross SF
2,164
Guarantor
No Guarantee
Rentable SF
2,164
Price/Gross SF
$831.79
Lease Type
NNN Ground Lease
Rent Per Square Feet
$33.27

Investment Highlights

  • Rare Low Price Point Absolute Triple-Net (NNN) Ground Lease - Outparcel to Target
  • Large 67 Unit Taco Bell Franchisee
  • Affluent Demographics in Columbus, Ohio and Strong Growth Market - Average Household Income Exceeds $189,000 within a One Mile Radius
  • 10 Percent Rental Increases Every Five Years
  • 162,431 Residents within a Five Mile Radius in Growing Trade Area
  • Located Five Minutes from the Columbus Zoo & Aquarium, Attracting Over Two Million Visitors Annually
  • Surrounded by Major Retailers within a Two Mile Radius - ALDI, Chipotle, Kroger, Life Time Fitness, McDonald's, Walmart, and More
  • Easily Accessible Location Less Than Three Miles Off I-270, a Significant Connector for the Greater Columbus Area

Investment Overview

Taco Bell Corp., a subsidiary of Yum! Brands, Inc., (NYSE: YUM), is the nation’s leading Mexican-inspired quick serve restaurant (QSR). Taco Bell serves made-to-order and customizable tacos, burritos, and specialties such as the exclusive Doritos Locos Tacos, gourmet-inspired Cantina Bell Menu and lower calorie Fresco Menu. Powell is a city in Delaware County, Ohio located approximately 14 miles north of Columbus. Home to over 13,000 residents with a median household income of $157,149, Powell is within one of the wealthiest counties in the United States. Powell was recognized as one of the Best Places to Live in the United States by Money Magazine, and was named the Best Suburb in the United States by Business Insider.

Exclusively Listed By

Financing By

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