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230 E Hwy 290
Dripping Springs, TX 78620
Taco Bell | Austin MSA · Retail Property For Sale
Investment Highlights
- Rare 29-year absolute NNN to Taco Bell, the world’s largest Mexican-inspired restaurant chain
- Tenant covers all taxes, insurance, and maintenance, including roof, structure, and parking lot, providing a fully passive investment
- Taco Bell serves over two billion customers each year.
- Annual 1% rent increases deliver steady growth through the initial term and six (6) five-year options.
- Lease to Tacala Austin Corp, one of Taco Bell’s largest operators
- In 2024, Taco Bell experienced strong growth, including a milestone $1 billion in profit and significant increases in both U.S. and international sale
Executive Summary
This Taco Bell is ideally positioned along U.S. Route 290, offering high visibility and accessibility with traffic counts exceeding 31,000 vehicles per day. The property is supported by a strong tenant, with Taco Bell achieving significant growth in 2024, including over $1 billion in profit and expanding sales both domestically and internationally. The surrounding area features an affluent demographic, with average household incomes of approximately $198,351 within a three-mile radius. The site benefits from proximity to major traffic drivers such as H-E-B, Whataburger, Walgreens, and Holiday Inn, as well as its central location between Dripping Springs Sports & Recreation Park and Dripping Springs High School. The absolute NNN lease structure provides a passive investment with no landlord responsibilities, while continued population and income growth in the trade area support long-term stability and upside.
Property Facts
Sale Type
Investment NNN
Sale Condition
1031 Exchange
Property Type
Retail
Property Subtype
Fast Food
Building Size
3,345 SF
Building Class
B
Year Built/Renovated
2014/2025
Price
$5,217,680 CAD
Price Per SF
$1,559.84 CAD
Cap Rate
5%
NOI
$260,884 CAD
Tenancy
Single
Building Height
1 Story
Building FAR
0.04
Lot Size
2.11 AC
Zoning
GR
Parking
37 Spaces (11.06 Spaces per 1,000 SF Leased)
Amenities
- Pylon Sign
- Signage
- Drive Thru
- Wheelchair Accessible
- Air Conditioning
- Smoke Detector
Property Taxes
| Parcel Number | R130271 | Improvements Assessment | $779,476 CAD |
| Land Assessment | $439,420 CAD | Total Assessment | $1,218,896 CAD |
Property Taxes
Parcel Number
R130271
Land Assessment
$439,420 CAD
Improvements Assessment
$779,476 CAD
Total Assessment
$1,218,896 CAD
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