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Restaurant

Taco Bell

5905 Merrill Rd, Jacksonville, FL 32277

Listing Price: $3,000,000

Cap Rate
5.00%
Tenant Name
Taco Bell
Years Remaining On Lease
14.0
Guarantor
Franchisee Guarantee
Rentable SF
2,731
Lease Type
Triple Net (NNN)
Rent Per Square Feet
$54.92

Investment Overview

PROPERTY HIGHLIGHTS: -Single-Tenant absolute NNN Taco Bell with over 14 years remaining in Jacksonville, FL -High performing location - well above average store sales with a conservative rent/sales below 7.0% - For 1st quarter 2022 store sales, Taco Bell as a whole grew 8.0% -Long term occupancy - this has been a successful Taco Bell location for nearly 40 years -Tenant is part of one of the largest Taco Bell franchise groups in the United States, with operations throughout the Southeast TRADE AREA HIGHLIGHTS: -Located adjacent to Jacksonville University - named “America’s Best College” in the south for more than 10 consecutive years by U.S. News & World Report - Founded in 1934 and currently has an enrollment of over 4,000 students and more than 100 academic programs on a beautiful 240-acre campus across the St. Johns River -Dense retail trade area: located near Walmart Market, Publix, Family Dollar, AutoZone, Burger King, and T-Mobile REGIONAL HIGHLIGHTS: -Densely populated market - over 170,000 residents within 5 miles of the property and over 1.6 million people in the Jacksonville MSA -Strong demographic growth that outpaces the nation - the Jacksonville MSA is projected to add roughly 115,000 residents by 2026, an increase of 7% -Jacksonville’s access to road, rail, sea and air transportation has made it an intermodal hub for the Southeast -JAXPORT is one of the largest ports in the region that provides over $30 billion in annual economic impact to the metro and generates nearly 140,000 jobs in Florida -Home to three Fortune 500 companies - Fidelity National Information Services, Fidelity National Financial, and CSX - the city also has developed a large financial services sector led by Bank of America, Citibank, Deutsche Bank, and Wells Fargo -Median home price sits well below the national average allowing 65% of households to own their home

Investment Highlights

  • Single-Tenant absolute NNN Taco Bell with over 14 years remaining in Jacksonville, FL
  • Located adjacent to Jacksonville University - named "America's Best College" in the south for more than 10 consecutive years by U.S. News & World Report
  • Densely populated market - over 170,000 residents within 5 miles of the property and over 1.6 million people in the Jacksonville MSA

Exclusively Listed By

Broker of Record

  • Ryan Nee

    Senior Vice President/ Division Manager

    (954) 245-3400

    License(s) FL: BK3154667

    Florida

Financing By

Listing Price: $3,000,000

Cap Rate
5.00%
Tenant Name
Taco Bell
Years Remaining On Lease
14.0
Guarantor
Franchisee Guarantee
Rentable SF
2,731
Lease Type
Triple Net (NNN)
Rent Per Square Feet
$54.92

Investment Highlights

  • Single-Tenant absolute NNN Taco Bell with over 14 years remaining in Jacksonville, FL
  • Located adjacent to Jacksonville University - named "America's Best College" in the south for more than 10 consecutive years by U.S. News & World Report
  • Densely populated market - over 170,000 residents within 5 miles of the property and over 1.6 million people in the Jacksonville MSA

Investment Overview

PROPERTY HIGHLIGHTS: -Single-Tenant absolute NNN Taco Bell with over 14 years remaining in Jacksonville, FL -High performing location - well above average store sales with a conservative rent/sales below 7.0% - For 1st quarter 2022 store sales, Taco Bell as a whole grew 8.0% -Long term occupancy - this has been a successful Taco Bell location for nearly 40 years -Tenant is part of one of the largest Taco Bell franchise groups in the United States, with operations throughout the Southeast TRADE AREA HIGHLIGHTS: -Located adjacent to Jacksonville University - named “America’s Best College” in the south for more than 10 consecutive years by U.S. News & World Report - Founded in 1934 and currently has an enrollment of over 4,000 students and more than 100 academic programs on a beautiful 240-acre campus across the St. Johns River -Dense retail trade area: located near Walmart Market, Publix, Family Dollar, AutoZone, Burger King, and T-Mobile REGIONAL HIGHLIGHTS: -Densely populated market - over 170,000 residents within 5 miles of the property and over 1.6 million people in the Jacksonville MSA -Strong demographic growth that outpaces the nation - the Jacksonville MSA is projected to add roughly 115,000 residents by 2026, an increase of 7% -Jacksonville’s access to road, rail, sea and air transportation has made it an intermodal hub for the Southeast -JAXPORT is one of the largest ports in the region that provides over $30 billion in annual economic impact to the metro and generates nearly 140,000 jobs in Florida -Home to three Fortune 500 companies - Fidelity National Information Services, Fidelity National Financial, and CSX - the city also has developed a large financial services sector led by Bank of America, Citibank, Deutsche Bank, and Wells Fargo -Median home price sits well below the national average allowing 65% of households to own their home

Exclusively Listed By

Broker of Record

  • Ryan Nee

    Senior Vice President/ Division Manager

    (954) 245-3400

    License(s): FL: BK3154667

    Florida

Financing By

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