TACO BELL – TONAWANDA, NY

Tonawanda, NY

Price $2,504,000
Cap Rate 5.75%
TYPE Single-Tenant
STATUS Under Contract
Tenant KBP Bell, LLC
LEASE TYPE Absolute NNN
SQUARE FEET 2,199
YEAR BUILT 2024 (Aug)
LEASE EXP. 08/31/2044
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 Aug 2024 (est. – under construction).

The Asset is Conveniently located on a pad site to a Tops Grocery Anchored Retail Center with great drive-by visibility/access on Young St (just west of NY 425 – traffic counts: 46,973 CPD) with traffic counts of 9,007 CPD! Adjacent to McDonald’s (Ranked Top 6% in sales nationally per Placer.A!)! It is Pad site to a Tops Grocery & Big Lots Anchored Shopping Center – 3 miles from Walmart, Target, Lowe’s, BJ’s, At Home, Old Navy, Marshalls, T.J. Maxx, HomeGoods, Burlington, Nordstrom Rack, Dick’s Sporting Goods, Barnes & Noble, Trader Joe’s, ALDI, Wegman’s, Ulta Beauty, OfficeMax, Michaels, Joann Fabric, PetSmart, Petco, and Harbor Freight Tools. Taco Bell is 4.5 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); 3 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.

PRINCIPAL BROKER
Brian Brockman
Bang Realty-New York, Inc.
LIC # 10311208985

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 Aug 2024 (est. - under construction)
  • 2023 DEMOGRAPHICS: Total Population (5-MI): 266,249 | Average Household Income (1-MI): $142,337
  • 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
  • Conveniently located on a pad site to a Tops Grocery Anchored Retail Center with great drive-by visibility/access on Young St (just west of NY 425 - traffic counts: 46,973 CPD) with traffic counts of 9,007 CPD! Adjacent to McDonald’s (Ranked Top 6% in sales nationally per Placer.A!)!