Taco Bell Sale-Leaseback - Newark, OH

Jones Lang LaSalle Americas, Inc. ("JLL"), is pleased to exclusively offer for sale the interest in the Taco Bell located at 105 Dayton Rd NE, Newark, OH 43055 (the "Property" or "Asset"). The asset is a newly constructed building completed in 2024. MAS Restaurant Group (the "Tenant") operates on a 24.7-year ground lease with no landlord responsibilities and 8.0% rental escalations every 5 years, including five, 5-year extensions. The Property sits on a very large 2.26 AC parcel, providing the opportunity for additional development.

Taco Bell is the nation's top Mexican-inspired quick-service restaurant brand and a subsidiary of Yum! Brands, Inc. (NYSE: "YUM"), the world's largest restaurant company. This Asset is owned and operated by MAS Restaurant Group, which has over 120 locations across Texas and Ohio, employing over 2,500 individuals. They prioritize quality and hold their team members to high standards, emphasizing clarity, accountability, integrity, and discipline.

Site-level sales performance has been strong, with impressive annualized sales of $1.9M and a health ratio of 6.3%. The Property is situated in a prime location in Newark, OH, easily accessible along State Route 16 with 23,000 vehicles per day. It is part of the booming Columbus MSA, which has seen significant growth and investment in recent years. Columbus is one of the fastest-growing metropolitan areas in the Midwest while maintaining a more affordable cost of living. The MSA has attracted over $35.9 billion in corporate investments, including Intel's mega-campus and data center investments from major tech companies. Newark itself has a diversified economy anchored by advanced manufacturing, logistics, and healthcare services, with recent downtown revitalization efforts enhancing its appeal.