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Taco Bell 300 Lincoln Dr 2,114 SF Retail Building Hodgenville, KY 42748 $2,602,292 CAD ($1,230.98 CAD/SF) 5.75% Cap Rate
Investment Highlights
- NEW CONSTRUCTION
- STRATEGIC REGIONAL CORRIDOR
- EXPERIENCED FRANCHISEE
Executive Summary
- 10% rent increases every 5 years and in option periods
- Abs. NNN providing zero landlord responsibilities
- Long 20 year term with 16 years remaining and 20 years of extensions
EXPERIENCED FRANCHISEE
- Operates 150+ Taco Bell and Dunkin’ locations nationwide
- Large-scale franchisee of this size benefits from diversified revenue across hundreds of stores
- Taco Bell generates $15B+ in US systemwide sales annually ranking them among the top-performing quick-service restaurant concepts by unit volume
REGIONAL ECONOMIC INVESTMENT
- Kentucky has secured $30B+ in private sector investment commitments since 2020
- Significant growth concentration in central Kentucky coming from manufacturing and distribution sectors
- State unemployment rate remains near historic lows
STRATEGIC REGIONAL CORRIDOR
- Positioned along Lincoln Pkwy (12,565 VPD) and south of Larue Middle School, High School and Hodgenville Elementary
- approx. 57 miles south of Louisville and close proximity to I-65
NEW BUILD
- 2021 built-to-suit with custom Taco Bell drive-thru
- Favorable historical placer data for QSR tenants currently operating in the area
CONSISTENT CONSUMER DEMAND
- Within a 5-mile radius the property serves 8,509 residents with average households incomes of $68,374
- QSR accounts for ~50% of total US restaurant traffic
Property Facts
Major Tenants
- Tenant
- Industry
- SF Occupied
- Rent/SF
- Lease End
-
- Accommodation and Food Services
- 2,114 SF
- -
- Sep 2041
Taco Bell was born and raised in California and has been around since 1962. They went from selling everyone’s favorite Crunchy Tacos on the West Coast to a global brand. They're not only the largest Mexican-inspired quick service brand (QSR) in the world, they’re also part of the biggest restaurant group in the world: Yum! Brands. Much of their fan love and authentic connection with their communities are rooted in being rebels with a cause. From ensuring they use high quality, sustainable ingredients to elevating restaurant technology in ways that hasn’t been done before, they will continue to be inclusive, bold, challenge the status quo and push industry boundaries. They’re a company that celebrates and advocates for different, has bold self-expression, strives for a better future, and brings the fun while they’re at it. They fuel their culture with real people who bring unique experiences. They inspire and enable their teams and the world to Live Más.
| Tenant | Industry | SF Occupied | Rent/SF | Lease End | ||
|
|
Accommodation and Food Services | 2,114 SF | - | Sep 2041 |
Property Taxes
| Parcel Number | 030050100603 | Improvements Assessment | $0 CAD |
| Land Assessment | $0 CAD | Total Assessment | $2,566,652 CAD |
Property Taxes
Contacts
-
David Hoppe -
Eric Suffoletto -
Jordan Gomez -
Mike Lucier -
Ben Olmstead -
Ben McCarter -
Kendra Doherty -
Connor Kuchman -
Atlantic Capital Partners
Presented by
Taco Bell | 300 Lincoln Dr
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