Taco Bell - New Albany, OH

Jones Lang LaSalle Americas, Inc. ("JLL"), is pleased to exclusively offer for sale the interest in the Taco Bell located at 8511 Smith's Mill Rd, Johnstown, OH 43031 (the "Property" or "Asset"). The asset is a newly constructed building completed in 2024. MAS Restaurant Group (the "Tenant") operates on a ground lease with 24 years remaining, 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 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 annual sales of $1.7M and a health ratio of 6.5%. The Property is situated in a prime location in New Albany, OH, the fastest-growing data center market in the nation. Amazon has invested $3.5B, Google has invested $2.3B and Meta has invested $1.5B into data center campuses in a 1-mile radius. 2 miles from the site sits Intel’s mega-campus for chip fabrication. With planned investment soaring to $28+ billion, it is the largest single private-sector investment in Ohio’s history and ius anticipated to generate 3,000+ white-collar and tech jobs with Intel, 7,000+ blue-collar and construction jobs, and tens of thousands of long-term local jobs across Columbus. The Columbus MSA is one of the fastest-growing metropolitan areas in the Midwest while maintaining a more affordable cost of living.