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Taco Bell, Waco, TX

Investment Summary

Price $2,585,000
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 2,739 SF
Lot Size 1.016 acres (44,265 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

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

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

Investment Highlights

NEW 25-YEAR ABSOLUTE NNN LEASE TO ICONIC QSR TENANT
» 25-year absolute NNN lease to one of the largest franchisees in the Taco Bell system
» » Six (6) option periods of five (5) years each
» Rare annual rental increases, providing an excellent long-term and secure money-generator
» No landlord management, making this an ideal opportunity for a local or out-of-area investor
» Leased to Tacala LLC, one of Taco Bell’s largest operators with over 350 units
» Taco Bell serves more than 42 million customers each week in the U.S.

PROMINENT LOCATION NEAR BAYLOR UNIVERSITY ON A MAJOR RETAIL CORRIDOR
» This Taco Bell is just 4 miles from Baylor University (over 22,000 students and faculty)
» Baylor University has an annual economic impact of over $1B on the Waco Metropolitan Area
» The site is prominently located on State Route 77/North Robinson Drive, a major transportation and commercial corridor (26,741 vehicles per day)
» Surrounded by major national retailers including Brookshire’s, McDonald’s, O’Reilly Auto Parts, Sonic, Circle K, Dollar General and many others
» Just down from University High School (1,672 students), Robinson High School (720 students), Robinson Intermediate School (559 students), Robinson Primary School (405 students) and Robinson Junior High School (399 students)

AFFLUENT AND DENSELY POPULATED AREA IN MAJOR TEXAS METROPOLITAN AREA
» Located along North Robinson Drive (26,741 AADT), this is the only Taco Bell in the city of Robinson
» Provides convenient access to State Route 6 (33,000+ vehicles per day) and Interstate 35 (100,000+ vehicles per day)
» The average household income within 1 mile of this Taco Bell is over $100,000
» There are more than 93,000 residents living within five miles of the subject property

NEW 2023 CONSTRUCTION BUILT TO LATEST TACO BELL 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
» Texas is an income tax-free state

Property Description

SOLD

» Easily-Accessible Location: Located near the intersection of State Route 6 and State Route 77 / Robinson Drive (combined 59,744 AADT), with multiple access points into the property
» Ideal Nearby Customer Base: There are 93,782 residents living within a 5-mile radius of the site, providing a large and reliable base of customers
» Near Well-Attended Schools: This site is less than 5 miles from Baylor University (22,000+ students and faculty), University High School (1,672 students), Robinson High School (720 students), Robinson Intermediate School (559 students), Robinson Primary School (405 students) and Robinson Junior High School (399 students)
» Affluent Area: The average annual household income within 1 mile of this Taco Bell is over $100,000
Beneficial Proximity to Major Employers: This site is less than 5 miles from an Amazon warehouse (2,000+ employees), a Tractor Supply Company distribution center, a Caterpillar Logistics warehouse (216 employees), the Doris Miller VA Medical Center (900 employees), and the Baylor Scott & White Medical Center – Hillcrest (260 beds)
» Exclusive Location: This is the only Taco Bell location to serve the city of Robinson

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