Fort Myers, FL - Taco Bell

Description:

SRS National Net Lease is pleased to offer the opportunity to acquire the fee simple interest (land & building ownership) in an absolute NNN leased, Taco Bell investment property located in Fort Myers, Florida. The tenant, Coastal QSR, LLC recently signed a brand new 10-year lease with 5 (5-year) options to extend, demonstrating their commitment to the site. The lease features an 8% rental increase in Feb 2030 during the initial term and 8% increases at the beginning of each option period, growing NOI and hedging against inflation. The lease is absolute NNN with zero landlord responsibilities making it an ideal, management free investment opportunity for a passive investor.

The Taco Bell is located near the signalized, hard corner intersection of Dani Dr and Ortiz Ave with a combined (91,800 VPD). Dani Dr, is a major retail thoroughfare serving the city of Fort Myers. The property is an outparcel to a Lowe’s Home Improvement anchored center, that also features major tenants including Applebee’s, McDonald’s, Circle-K, and more. Additionally, the asset is positioned just North of Colonial Square, a 417,000 square foot power center with major tenants including Kohl’s, Hobby Lobby, Academy Sports, and more. Furthermore, Taco Bell is situated across Interstate 75 from The Forum at Fort Myers, a 484,000 square foot power center with notable tenants including Target, The Home Depot, Michael’s, and more. Moreover, the property is in the center of a primary retail corridor with other nearby national/credit tenants including a Walmart Supercenter, T.J Maxx, Publix, Beall’s Outlets, Burlington, and more, further increasing consumer traffic to the site. The 5-mile trade area is supported by a population of over 149,700 with an affluent average household income of $102,061.