Closed Transactions

NNN Taco Bell Ground Lease

61550 Southgate Road, Cambridge, OH, 43725

Details

For sale to qualified investors is the 100% fee-simple interest in the Taco Bell ground lease located just off Interstate 70 in Cambridge, Ohio. Built in 2009, Taco Bell (Charter Foods, Inc.) has over 11 years of guaranteed base term remaining plus options. Taco Bell is responsible for all maintenance and repair, including roof and structure - making this a 100% hands-off asset for the investor. The lease features attractive 12% rental increases during lease years 11 and 16, which immediately raises the annual rate of return from going-in cap rate of 5.5% to 6.16% during year two. The passive nature of this lease combined with the strong franchisee guaranty make this an ideal 1031 replacement property or acquisition for an investor desiring a passive real estate investment. The property is located off of heavily-trafficked Interstate 70 (41,598 VPD) and is shadowed anchored by Rural King (Coming: Spring-2019) and is surrounded by national retailers including Walmart Supercenter, Buffalo Wild Wings, Arby’s, Aldi, Verizon, Bob Evans, Tractor Supply, KFC, Ruby Tuesday, McDonald’s, Denny’s, Dollar General, Big Lots, Family Dollar, Wendy’s, Tim Hortons, AutoZone and many others.

Location

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