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Restaurant

Taco Bell

3887 Washington Rd, McMurray, PA 15317

Listing Price: $1,660,000

Cap Rate
5.25%
Tenant Name
Taco Bell
Years Remaining On Lease
13.9
Gross SF
2,740
Guarantor
No Guarantee
Rentable SF
2,740
Price/Gross SF
$605.84
Lease Type
NNN Ground Lease
Rent Per Square Feet
$31.80

Investment Overview

Taco Bell Absolute Triple-Net Ground Lease with 14 Years Remaining in McMurray, PA. Constructed In 2015 | Modern QSR Prototype With Drive-Thru | Limited Near-Term Capex. Located Along Washington Road
With Over 24,000 Vehicles per Day | Primary Retail Corridor With Strong Visibility. Outparcel To Dense Retail Corridor Featuring Giant Eagle, TJ Maxx, Five Below, Chase, Walgreens And Additional National Tenants. Positioned Within Affluent South Pittsburgh Submarket | Five-Mile AHHI Exceeding $136k.

Investment Highlights

  • Taco Bell Absolute Triple-Net Ground Lease with 14 Years Remaining in McMurray, PA
  • Established Franchisee: Charter Foods North, LLC – Over 200 Unit Operator Across 13 States Within Yum! Brands System
  • Lease Entity Backed By Proven Regional Operator | Longstanding Franchise Relationship With Yum! Brands
  • Ten Percent Rent Increases Every Five Years | Built-In NOI Growth Throughout Base Term And Option
  • Remaining Lease Term Through 2040 With Additional Four-Year Option Long-Term Cash Flow Visibility
  • Absolute Triple-Net Ground Lease Structure – Tenant Responsible For All Expenses Including Roof And Structure
  • Constructed In 2015 | Modern QSR Prototype With Drive-Thru | Limited Near-Term Capex
  • Charter Foods Platform Generates Over $200M In Annual Revenue | Scaled Multi-Brand Operator With Taco Bell, KFC, And More

Broker of Record

  • Timothy B. Stephenson Jr.

    Managing Director, Market Leader - Philadelphia

    (215) 531-7000

    License(s) PA: RMR006104

    Pennsylvania

Financing By

Listing Price: $1,660,000

Cap Rate
5.25%
Tenant Name
Taco Bell
Years Remaining On Lease
13.9
Gross SF
2,740
Guarantor
No Guarantee
Rentable SF
2,740
Price/Gross SF
$605.84
Lease Type
NNN Ground Lease
Rent Per Square Feet
$31.80

Investment Highlights

  • Taco Bell Absolute Triple-Net Ground Lease with 14 Years Remaining in McMurray, PA
  • Established Franchisee: Charter Foods North, LLC – Over 200 Unit Operator Across 13 States Within Yum! Brands System
  • Lease Entity Backed By Proven Regional Operator | Longstanding Franchise Relationship With Yum! Brands
  • Ten Percent Rent Increases Every Five Years | Built-In NOI Growth Throughout Base Term And Option
  • Remaining Lease Term Through 2040 With Additional Four-Year Option Long-Term Cash Flow Visibility
  • Absolute Triple-Net Ground Lease Structure – Tenant Responsible For All Expenses Including Roof And Structure
  • Constructed In 2015 | Modern QSR Prototype With Drive-Thru | Limited Near-Term Capex
  • Charter Foods Platform Generates Over $200M In Annual Revenue | Scaled Multi-Brand Operator With Taco Bell, KFC, And More

Investment Overview

Taco Bell Absolute Triple-Net Ground Lease with 14 Years Remaining in McMurray, PA. Constructed In 2015 | Modern QSR Prototype With Drive-Thru | Limited Near-Term Capex. Located Along Washington Road With Over 24,000 Vehicles per Day | Primary Retail Corridor With Strong Visibility. Outparcel To Dense Retail Corridor Featuring Giant Eagle, TJ Maxx, Five Below, Chase, Walgreens And Additional National Tenants. Positioned Within Affluent South Pittsburgh Submarket | Five-Mile AHHI Exceeding $136k.

Broker of Record

  • Timothy B. Stephenson Jr.

    Managing Director, Market Leader - Philadelphia

    (215) 531-7000

    License(s): PA: RMR006104

    Pennsylvania

Financing By

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