TACO BELL – GRAND ISLAND, NY

Grand Island, NY

Price $2,267,000
Cap Rate 6.00%
TYPE Single-Tenant
STATUS Under Contract
Tenant KBP Bells, LLC
LEASE TYPE Absolute NNN
SQUARE FEET 2,200
YEAR BUILT 2024
LEASE EXP. 07/31/2044
CONTACT Justin Zahn
480-718-5555
[email protected]

Property Description

Taco Bell has a Brand new 20-year Absolute NNN lease with attractive 7.00% rental escalations every 5 years with two 5-year options to renew. The Tenant, KBP Bells, LLC is a 47-unit (and growing) Taco Bell entity (subsidiary holding of KBP Brands ±1,000-unit operator) with locations in Colorado, Illinois, Kansas, Missouri, New Mexico and New York. It is a New, high-quality, build-to-suit of Taco Bell’s newest prototype – slated to open in July 2024 (est. – under construction).

The Asset is Positioned on a large ±1.03-acre lot with excellent drive-by visibility/access on NY- 324/Grand Island Blvd (main north/south thoroughfare in Grand Island) with traffic counts of 11,308 CPD! Nearby retailers include Tops Friendly Markets, Dollar Tree, Dollar General, Gui’s Ace Hardware, Advance Auto Parts, Walgreens, Rite Aid Pharmacy. It is 10 miles from University of Buffalo North Campus – a public research university offering bachelor’s degrees in over 140 areas of study, as well as over 220 master’s programs, over 95 doctoral programs and 55 combined degree programs with a student enrollment of 31,889 in all 3 campuses (Fall 2023); 5 miles from Kenmore Mercy Hospital – a 344-bed facility serving Buffalo’s northern suburbs and Niagara County – it has been recognized for America’s 100 Best Hospitals for Spine Surgery Award and Surgical Care Excellence Award.

Property Highlights

  • Brand New 20-Year Absolute NNN Lease with Attractive 7.00% Rental Escalations Every 5 Years!
  • New, high-quality, build-to-suit of Taco Bell’s newest prototype - slated to open in July 2024 (est. - under construction)
  • 2023 DEMOGRAPHICS: Total Population (5-MI): 93,768 | Average Household Income (1-MI): $143,685
  • KBP Bells, LLC is a 47-unit (and growing) Taco Bell entity (subsidiary holding of KBP Brands ±1,000-unit operator) with locations in Colorado, Illinois, Kansas, Missouri, New Mexico and New York
  • Positioned on a large ±1.03-acre lot with excellent drive-by visibility/access on NY- 324/Grand Island Blvd (main north/south thoroughfare in Grand Island) with traffic counts of 11,308 CPD!