For Sale
$2,705,882

16346 Pat Tillman Blvd Surprise, AZ 85387

High-ROI Taco Bell Ground Lease; 20-Year Term

Overview

Added:
Dec 11, 2024
Days on market:
137
This exceptional investment opportunity presents a fee-simple, 20-year absolute NNN ground lease for a Taco Bell located in Surprise, Arizona. The 2,320 square foot building, constructed in 2024, sits on a 0.8-acre lot and boasts a 100% occupancy rate. Tenanted by a highly successful, 210-unit franchisee of Taco Bell, Hot Tacos, Inc., this property offers a passive income stream with minimal landlord responsibilities. The lease includes 10% rent bumps every five years and four, five-year renewal options, ensuring long-term financial stability. Situated in a rapidly growing master-planned community with over 25,000 new homes planned within a three-mile radius, this property benefits from high traffic volume (25,000 vehicles daily) at a signalized intersection near the Loop 303 Freeway. The property is an outparcel to a new 123,000 square foot Fry's Marketplace, Arizona's leading grocer, providing excellent visibility and accessibility. The asking price is $2,705,882, representing a 4.25% cap rate and a price per square foot of $1,166.33. The current Net Operating Income (NOI) is $115,000. This is a rare opportunity to acquire a long-term, low-maintenance investment with significant upside potential in a thriving market.

Highlights

  • $2,705,882 asking price for a 2,320 SF Taco Bell in Surprise, AZ.
  • Absolute NNN ground lease with a 20-year term and 20 years remaining.
  • 10% rent bumps every 5 years, plus 4, 5-year lease options.
  • Located in a grocery-anchored center with a Fry's Marketplace and other national tenants.
  • Operated by a large, successful franchisee with over 210 stores.
  • Situated in a rapidly growing master-planned community with significant residential development.

Property Details for 16346 Pat Tillman Blvd

Property type
Retail properties, Restaurants
Square Feet
2,320 SF
Year Built
2024
Buildings
1
Stories
1
Lot Size (sq. ft)
34,848 SF

Location Insight

City
Surprise
County
Maricopa
State
Arizona
Latitude
33.696756160714
Longitude
-112.41181748633

FAQs

What type of property is this?
Retail property - High-ROI Taco Bell Ground Lease; 20-Year Term
Where is the retail property located?
The property is located at 16346 Pat Tillman Blvd Surprise, AZ.
What is the asking price?
The asking price for this property is $2,705,882.
What are key features of this property?
This property features: $2,705,882 asking price for a 2,320 SF Taco Bell in Surprise, AZ.; Absolute NNN ground lease with a 20-year term and 20 years remaining.; 10% rent bumps every 5 years, plus 4, 5-year lease options.
How can I contact the broker?
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16346 Pat Tillman Blvd
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