Taco Bell Sale-Leaseback - Baytown, TX

Jones Lang LaSalle Americas, Inc. (“JLL”), is pleased to exclusively offer for sale the interest in the Taco Bell located at 2206 N Alexander Dr, Baytown, TX 77520 (the “Property” or “Asset”). The asset is a build-to-suit building that was completed in 2024. Mas Restaurant Group (the “Tenant”) is operating on a ground lease with no landlord responsibilities and 8.0% rental escalations every 5 years, including five, 5-year extensions. 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 115 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.

The Property is situated in a dense retail corridor in Baytown, TX, is easily accessible along N Alexander Dr (20K VPD), and is adjacent to a Kroger, driving strong traffic to the surrounding area with its 1 million annual visitors. The site sits less than a mile from Hwy-146 which drives 84,000 vehicles per day past the site and connects the region to the booming Houston MSA. Baytown is strategically located just 25 miles east of Houston, providing easy access to one of the largest MSAs in the nation while maintaining a more affordable cost of living. The city boasts a strong economic foundation with major employers like ExxonMobil's Baytown Refinery, Covestro industrial park, and Houston Methodist Baytown Hospital.