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Restaurant

Taco Bell

3777 Hamilton Cleves Rd, Ross, OH 45013

Listing Price: $2,039,000

Cap Rate
5.15%
Tenant Name
Taco Bell
Years Remaining On Lease
19.2
Gross SF
1,950
Guarantor
Franchisee Guarantee
Rentable SF
1,950
Price/Gross SF
$1,045.64
Lease Type
Triple Net (NNN)
Rent Per Square Feet
$53.85

Investment Overview

Marcus & Millichap is pleased to present this absolute triple-net lease Taco Bell restaurant located in Ross, OH. The property will be operated by AG Bells LLC, part of a multi-brand franchisee operating Taco Bells, Burger Kings, Little Caesars and Church’s Chickens in multiple states. The property consists of approximately 1.45 acres improved with an approximately 1,950-square foot building. The restaurant has nearly 20 years remaining with annual base rent of $105,000. The lease also calls for 7.5 percent rental increases every five years in the base term, as well as each of the five five-year renewal options. SITE FUNDAMENTALS The property is located on a hard corner on Hamilton Cleves Road, just off US Hwy 27, which feeds directly into downtown Cincinnati approximately 30 minutes to the south. The restaurant enjoys high visibility from US 27 with 21,000 vpd plus an addition 11,000-16,000 vehicles per day across Hamilton Road. Nearby retailers include Wendy’s, Subways, CVS, and IGA supermarket. Taco Bell is also within walking distance to three grade schools with total enrollment of more than 2,3000 students. PROPERTY LOCATION Ross is a developing township and suburb of Cincinnati located in Butler county. This growing portion of the county offers a great, relaxing atmosphere while being a quick drive to larger communities. Nearby attractions include Stricker’s Grove amusement park and Pyramid Hill Sculpture Park & Museum, Heritage Park, the Fernald Preserve Visitors Center and the Miami Whitewater Forest. STRONG GUARANTEE | GLOBALY RECOGNIZED BRAND Taco Bell is an American chain of fast-food restaurants based out of Irvine, California and a subsidiary of Yum! Brands, Inc. The restaurants serve a variety of Tex-Mex foods that include tacos, burritos, quesadillas, nachos, novelty and specialty items, and a variety of "value menu" items. As of 2018, Taco Bell serves more than 2 billion customers each year at 7,000 restaurants, more than 80 percent of which are owned and operated by independent franchisees and licensees.

Investment Highlights

  • Long-Term Triple-Net Lease with Nearly 20 Years Remaining
  • Excellent Access and Visibility off US-27 with 21,000 VPD
  • New Construction and Strong Guarantee with Multi-Brand Operator

Exclusively Listed By

Broker of Record

  • Michael L. Glass

    Senior Vice President / Division Manager

    (614) 360-9800

    License(s) OH: BRK.2007005898

    Ohio

Financing By

Listing Price: $2,039,000

Cap Rate
5.15%
Tenant Name
Taco Bell
Years Remaining On Lease
19.2
Gross SF
1,950
Guarantor
Franchisee Guarantee
Rentable SF
1,950
Price/Gross SF
$1,045.64
Lease Type
Triple Net (NNN)
Rent Per Square Feet
$53.85

Investment Highlights

  • Long-Term Triple-Net Lease with Nearly 20 Years Remaining
  • Excellent Access and Visibility off US-27 with 21,000 VPD
  • New Construction and Strong Guarantee with Multi-Brand Operator

Investment Overview

Marcus & Millichap is pleased to present this absolute triple-net lease Taco Bell restaurant located in Ross, OH. The property will be operated by AG Bells LLC, part of a multi-brand franchisee operating Taco Bells, Burger Kings, Little Caesars and Church’s Chickens in multiple states. The property consists of approximately 1.45 acres improved with an approximately 1,950-square foot building. The restaurant has nearly 20 years remaining with annual base rent of $105,000. The lease also calls for 7.5 percent rental increases every five years in the base term, as well as each of the five five-year renewal options. SITE FUNDAMENTALS The property is located on a hard corner on Hamilton Cleves Road, just off US Hwy 27, which feeds directly into downtown Cincinnati approximately 30 minutes to the south. The restaurant enjoys high visibility from US 27 with 21,000 vpd plus an addition 11,000-16,000 vehicles per day across Hamilton Road. Nearby retailers include Wendy’s, Subways, CVS, and IGA supermarket. Taco Bell is also within walking distance to three grade schools with total enrollment of more than 2,3000 students. PROPERTY LOCATION Ross is a developing township and suburb of Cincinnati located in Butler county. This growing portion of the county offers a great, relaxing atmosphere while being a quick drive to larger communities. Nearby attractions include Stricker’s Grove amusement park and Pyramid Hill Sculpture Park & Museum, Heritage Park, the Fernald Preserve Visitors Center and the Miami Whitewater Forest. STRONG GUARANTEE | GLOBALY RECOGNIZED BRAND Taco Bell is an American chain of fast-food restaurants based out of Irvine, California and a subsidiary of Yum! Brands, Inc. The restaurants serve a variety of Tex-Mex foods that include tacos, burritos, quesadillas, nachos, novelty and specialty items, and a variety of "value menu" items. As of 2018, Taco Bell serves more than 2 billion customers each year at 7,000 restaurants, more than 80 percent of which are owned and operated by independent franchisees and licensees.

Exclusively Listed By

Broker of Record

  • Michael L. Glass

    Senior Vice President / Division Manager

    (614) 360-9800

    License(s): OH: BRK.2007005898

    Ohio

Financing By

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