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Taco Bell | New 20yr Abs NNN Grd Lse 738 Main St 2,395 SF Retail Building Chula Vista, CA 91911 $5,814,570 CAD ($2,427.80 CAD/SF) 4.25% Cap Rate
Investment Highlights
- Franchisee Guaranteed Ground Lease | Experienced Operator | Scheduled Rental Increases | Drive-Thru Equipped
- Part of New Retail Development | Interstate 805 (262,000 VPD) | New Housing Developments
- Absolute NNN | Leased Fee Ownership | Zero Landlord Responsibilities
- Strong Demographics In The Immediate Trade Area
Executive Summary
SRS National Net Lease is pleased to offer the opportunity to acquire the leased fee interest (land ownership) in an absolute NNN, ground leased Taco Bell investment property located in Chula Vista, California. The tenant, Taco Bell recently signed a brand new, 20-year lease with 3 (5-year) options to extend, demonstrating their commitment to the site. The lease features 10% rental increases every 5 years throughout the initial term and at the beginning of each option period, steadily growing NOI and hedging against inflation. The lease is absolute NNN with zero landlord responsibilities making it an ideal, management free investment opportunity for a passive investor.
Property Facts
Sale Type
Investment NNN
Sale Condition
Ground Lease (Leased Fee)
Property Type
Building Size
2,395 SF
Year Built
2026
Construction Status
Under Construction
Price
$5,814,570 CAD
Price Per SF
$2,427.80 CAD
Cap Rate
4.25%
NOI
$247,136 CAD
Tenancy
Single
Building Height
1 Story
Zoning
ILP
Parking
18 Spaces (7.52 Spaces per 1,000 SF Leased)
Amenities
- Restaurant
- Drive Thru
Fairly walkable
40/100
Exceptionally drivable
100/100
Minimal public transit
10/100
Moderately bikeable
60/100
Nearby Major Retailers
1 of 9
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Taco Bell | New 20yr Abs NNN Grd Lse | 738 Main St
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