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Restaurant

Taco Bell | 25-Years Remaining | Cleveland MSA | 270+ Unit Franchisee

7135 Aurora Rd, Aurora, OH 44202

Listing Price: $1,650,000

Cap Rate
4.85%
Tenant Name
Taco Bell
Years Remaining On Lease
25.2
Guarantor
Franchisee Guarantee
Rentable SF
2,049
Lease Type
NNN Ground Lease
Rent Per Square Feet
$39.04

Investment Overview

The Tenant, Pacific Bells, LLC, is subject to a new 25-year NNN ground lease with rent scheduled to commence the earlier of opening or January 25th, 2025. It is notable that 25-year leases are increasingly rare in the net lease landscape, and provide immense benefit to the investor. The lease features 10 percent rental increases every five years during the base term and six, five-year option periods providing attractive revenue growth and a hedge against inflation.

Investment Highlights

  • New 25-Year NNN Ground Lease
  • 270+ Unit Franchisee; One of Taco Bell's Largest Franchisees
  • Corner Entry Pad in Affluent Cleveland Metro Location; $158k AHHI

Exclusively Listed By

  • Dean Zang

    Executive Managing Director Investments

    (202) 536-3754

    Email Dean

    License(s): MD: 665335, VA: 0225239201

    Washington, D.C.

  • David S. Crotts

    First Vice President Investments

    (202) 536-3757

    Email David

    License(s): MD: 652010, VA: 0225208906, DC: SP98374073

    Washington, D.C.

Broker of Record

  • Michael L. Glass

    Senior Vice President / Division Manager

    (614) 360-9800

    License(s) OH: BRK.2007005898

    Ohio

Financing By

Restaurant

Taco Bell | 25-Years Remaining | Cleveland MSA | 270+ Unit Franchisee

Listing Price: $1,650,000

Cap Rate
4.85%
Tenant Name
Taco Bell
Years Remaining On Lease
25.2
Guarantor
Franchisee Guarantee
Rentable SF
2,049
Lease Type
NNN Ground Lease
Rent Per Square Feet
$39.04

Investment Highlights

  • New 25-Year NNN Ground Lease
  • 270+ Unit Franchisee; One of Taco Bell's Largest Franchisees
  • Corner Entry Pad in Affluent Cleveland Metro Location; $158k AHHI

Investment Overview

The Tenant, Pacific Bells, LLC, is subject to a new 25-year NNN ground lease with rent scheduled to commence the earlier of opening or January 25th, 2025. It is notable that 25-year leases are increasingly rare in the net lease landscape, and provide immense benefit to the investor. The lease features 10 percent rental increases every five years during the base term and six, five-year option periods providing attractive revenue growth and a hedge against inflation.

Exclusively Listed By

  • Dean Zang

    Executive Managing Director Investments

    (202) 536-3754

    Email Dean

    License(s): MD: 665335, VA: 0225239201

    Washington, D.C.

  • David S. Crotts

    First Vice President Investments

    (202) 536-3757

    Email David

    License(s): MD: 652010, VA: 0225208906, DC: SP98374073

    Washington, D.C.

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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