Taco Bell - Forney, TX

Jones Lang LaSalle Americas, Inc. (“JLL”) is pleased to offer the opportunity to acquire the newly constructed Taco Bell located at 6610 FM741 in Forney, Texas. (“Property” or “Asset”). The tenant, Southern Multifoods, is operating on an absolute NNN ground lease with ±24.0 years of primary lease term remaining, above market rent escalations of 12.5% every 5-years, four, five-year renewal options and zero landlord responsibilities. The Property also benefits from a low in-place annual rent of $100K with increases every five years. Since opening their first location in 1977, Southern Multifoods has grown to 121 units throughout northeast and southern Texas.

Taco Bell is the one of world’s leading fast-food brand and serves more than 5.5 billion customers daily. Same store sales growth in 2024 was 9.0%, and 75.0% of the $7.6 billion profit from Yum! Brands, Inc., Taco Bell’s parent company, was Taco Bell’s U.S. profits.

Located just 20 miles southeast of downtown Dallas, Heartland is a 2,100-acre master planned community just outside of Forney. The Property is strategically positioned at the southeast corner of I-20 and FM741 with direct accessibility to more than 67,700 vehicles per day. The area has experienced extreme population growth, expanding more than 325% since 2010 within a 1-mile radius of the property, while boasting an affluent residential base earning average household incomes of $112,000+.

The Property is positioned as a pad site to the new Heartland Town Center, a master-planned 25-acre development that will be shadow anchored by H-E-B. The project will encompass approximately 150,000 square feet, with its initial phase featuring three retail buildings surrounding a town green space. This central area will include outdoor dining spaces, a large screen for movie screenings, and play sculptures, catering to the 15,000 Heartland residents and over 100,000 potential customers within a 7-minute drive.

This unique opportunity allows investors the ability to acquire a global brand with high value intrinsic real estate within one of Dallas’ fastest growing markets.