For Sale
$2,705,882

16346 Pat Tillman BlvdSurprise, AZ 85387

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

Overview

Added:
Dec 11, 2024
Days on market:
114
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
16346 Pat Tillman Blvd, Surprise, Arizona

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16346 Pat Tillman Blvd
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