Taco Bell Sale-Leaseback - Port Lavaca_Pand te koop
Taco Bell Sale-Leaseback - Port Lavaca_Pand te koop
1782 State Hwy 35, Port Lavaca, TX, 77979, US

Taco Bell Sale-Leaseback - Port Lavaca

Activa beschrijving

Jones Lang LaSalle Americas, Inc. (“JLL”), is pleased to exclusively offer for sale the interest in the Taco Bell located at 1782 TX-35, Port Lavaca, TX (the “Property” or “Asset”). The asset is a build-to-suit building that was completed in 2024. Mas Restaurant Group (the “Tenant”) will enter into a 25-year, ground lease at the transaction’s closing with 10.0% rental escalations every 5 years and 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.


Site-level sales performance has been strong, with impressive sales figures since the opening of this location on 12/19/2023. The Property is situated in the central area of Port Lavaca, TX metro and is easily accessible through the State Hwy-35. This highway drives 20,000 vehicles per day past the site and connects the region to major metros including Houston, San Antonio, Austin and Corpus Christi, all of which are a 2-hour drive away. The asset is situated adjacent to a Walmart, driving strong traffic to the surrounding area, as well as many hotels, which are utilized by tourists looking to take advantage of Port Lavaca’s scenic activities. It also sits within the Victoria Region, a strong economic market that is well connected, providing easy access to interstate highways I-10, I-35, and I-37.

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Attributen

WAULT
25 jaren
Cap rate
5,35%
Bouwjaar
2023

Media

Investeringshoogtepunten

  • Mas Restaurant Group will enter into a 25-year, ground lease with 10% rental escalations every 5 years
  • The Asset was a build-to-suit that was recently completed in December 2023
  • MAS Restaurant Group owns and operates over 115 locations in Texas and Ohio, employing over 2,500 individuals
  • Strong site-level sales performance with impressive sales figures since opening
  • Asset is adjacent to a Walmart, driving traffic to the site
Taco Bell Sale-Leaseback - Port Lavaca 4_Pand te koop
Taco Bell Sale-Leaseback - Port Lavaca 4_Pand te koop

Contact makelaars

Taco Bell Sale-Leaseback - Port Lavaca (0 Eigendommen)
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Laatst bijgewerkt
May 16, 2024