For Sale
$3,040,000

18731 Gardner Rd Gardner, KS 66030

High-yield Taco Bell, 20-year lease.

Overview

Added:
Dec 11, 2024
Days on market:
132
This exceptional investment opportunity presents a brand-new, fee-simple Taco Bell restaurant located at 18731 S Gardner Rd, Gardner, Kansas, 66030. The property boasts 2,200 square feet on a 0.84-acre lot and is subject to a 20-year triple-net (NNN) lease, minimizing landlord responsibilities. The current annual net operating income (NOI) is $159,600, representing a 5.25% capitalization rate on the $3,040,000 asking price. Built in 2024, this property benefits from a strong tenant, a Taco Bell franchisee, with a proven track record. The lease includes attractive rental increases of 8% every five years, providing a hedge against inflation. The lease commenced upon construction completion. This is a rare opportunity to acquire a high-performing, low-maintenance asset in a desirable location. The property's strong financials, coupled with the long-term lease and built-in rent escalations, make it an ideal addition to any investment portfolio. The franchisee is affiliated with a large and experienced restaurant group operating numerous Taco Bell and Arby's locations. This provides significant financial strength and operational expertise. The price per square foot is $1,381.82.

Highlights

  • Brand new, fee-simple Taco Bell with a 20-year triple-net (NNN) lease.
  • 8% rental increases every five years, providing inflation protection.
  • Strong tenant: Royal City Bell (73 units), affiliated with DRG (333 Taco Bells & 29 Arby's).

Property Details for 18731 Gardner Rd

Property type
Retail properties
Square Feet
2,200 SF
Year Built
2024
Lot Size (sq. ft)
36,590 SF

Location Insight

City
Gardner
County
Johnson
State
Kansas
Latitude
38.7882411
Longitude
-94.9268086

FAQs

What type of property is this?
Retail property - High-yield Taco Bell, 20-year lease.
Where is the retail property located?
The property is located at 18731 Gardner Rd Gardner, KS.
What is the asking price?
The asking price for this property is $3,040,000.
What are key features of this property?
This property features: Brand new, fee-simple Taco Bell with a 20-year triple-net (NNN) lease.; 8% rental increases every five years, providing inflation protection.; Strong tenant: Royal City Bell (73 units), affiliated with DRG (333 Taco Bells & 29 Arby's).
How can I contact the broker?
We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.
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18731 Gardner Rd
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