x
By submitting, you're allowing YAFC Team to email you regarding available listings. You can unsubscribe anytime.

x

Contact Us

x

Phone: 916-403-1812

Email: McKenney.Houck@cushwake.com

Or contact us using the form below.


Taco Bell, Columbus, GA

Investment Summary

Price $2,693,694
Cap Rate
NOI
Lease Term 25 years
Lease Type Absolute NNN lease, with tenant responsible for all taxes, insurance, and maintenance, including roof, structure, and parking lot
Rental Increases 1% annual rental increases
Year Built 2023
Building Size 1,639 SF
Lot Size 0.49 acres (21,344 SF)
Status Closed
Lead Brokers Michael T. Yuras, CCIM
Vice Chairman
415.481.0788
michael.yuras@cushwake.com
CA RE License #01823291

Scott Crowle
Executive Managing Director
415.604.4288
scott.crowle@cushwake.com
CA RE License #01318288

Ryan Forsyth
Vice Chairman
415.413.3005
ryan.forsyth@cushwake.com
CA RE License #01716551

Vincent Aicale
Vice Chairman
415.690.5522
vince.aicale@cushwake.com
CA RE License #01728696

Investment Highlights

25-YEAR ABSOLUTE NNN LEASE TO ICONIC QSR TENANT
» 25-year absolute NNN lease to iconic QSR tenant
» Rare annual rental increases, providing an excellent hedge against inflation
» No landlord management, making this an ideal opportunity for an out-of-area investor
» Leased to Tacala LLC, one of Taco Bell’s largest operators with over 330 units
» Taco Bell serves more than 42 million customers each week in the U.S.

INFILL LOCATION SERVICING MAJOR U.S. CORPORATIONS AND THOUSANDS OF EMPLOYEES
» High-visibility and easily accessible location at the signalized four-way intersection of U.S. Route 27/Veterans Parkway and 15th Street (28,100+ AADT)
» Beneficial proximity to highly-trafficked Columbus thoroughfares, including 2nd Avenue (18,000 AADT), 13th Street (25,000 AADT), and U.S. Route 280 (38,062 AADT)
» Within walking distance of TSYS, the second-largest employer in Columbus featuring 7,871 employees
» One mile from Piedmont Columbus Regional Midtown Campus (583 beds, approximately 3,000 employees)
» Two miles from AFLAC, a major Columbus employer featuring 923 employees

DENSE AND GROWING GEORGIA CITY WITH IMMEDIATE ACCESS TO ALABAMA
» 148,315 residents live within five miles of the property, providing a large and reliable customer base for the site
» The population count has steadily increased in within a five-mile radius since 2010, signaling the potential for ongoing growth
» Projected population and income increases within 1-, 3-, and 5-mile radii over the next five years poise Taco Bell and Columbus for steady concurrent growth
» Prime border location less than one mile from the Georgia/Alabama state line, funneling commuter traffic directly to the property
» Columbus has seen the job market increase by 2.3% over the last year, with future job growth over the next ten years predicted to be 31.9%

NEW 2023 CONSTRUCTION BUILT TO LATEST PROTOTYPE
» New high-quality 2023 construction built to the latest Taco Bell prototype
» Site features covered patio seating and a dedicated drive-thru for added customer convenience

Property Description

SOLD

» This new construction Taco Bell is a high-visibility and easily accessible location at the signalized four-way intersection of U.S. Route 27/Veterans Parkway and 15th Street (28,100+ AADT)
» The site is a trophy location within walking distance of TSYS, the second-largest employer in Columbus featuring 7,871 employees
» This Taco Bell is ideally located with proximity to highly-trafficked Columbus thoroughfares, including 2nd Avenue (18,000 AADT), 13th Street (25,000 AADT), and U.S. Route 280 (38,062 AADT)
» The property greatly benefits from its centralized location one mile from Piedmont Columbus Regional Midtown Campus (583 beds, approximately 3,000 employees) and two miles from AFLAC (923 employees)
» 148,315 residents live within five miles of the property, providing a large and reliable customer base for the site
» Projected population and income increases within 1-, 3-, and 5-mile radii over the next five years poise Taco Bell and Columbus for steady concurrent growth

Download OM Form

x
JOIN OUR
EMAIL LIST
SUBSCRIBE
Receive Our Latest Single and Multi-Tenant Listings
close-link