Overview

Description

• 20-Year Abs. NNN Ground Lease with Corporate Taco Bell
- Features a new 20-year ground lease with 10% rental escalations every 5 years
- Corporate lease guarantee from Taco Bell of America, LLC, wholly-owned by Yum! Brands Inc.
- Zero Landlord management responsibilities, ideal for passive investment
- New high-quality construction that includes a double-lane entrance drive-thru for enhanced customer convenience

• Outparcel to High Performing Grocery-Anchored Shopping Center
- Situated on the signalized corner of Statesville Blvd. (18,500 VPD) at the entrance of Salisbury Marketplace
- Subject enjoys excellent visibility and easy signalized access along a busy commercial corridor

• World-Class Tenant
- Yum! Brands Inc, Taco Bell’s parent company, has a global presence with over 50,000 restaurants in more than 150 countries
- Yum! Operates the brands KFC, Pizza Hutt, Taco Bell, and The Habit Burger Grill
- Yum! has consistently delivered strong financial results (Over $8 billion in revenues and a market capitalization of more than $41 billion)

• Low Price Point, Perfect for a 1031 Exchange Buyer
- Huge tenant investment into the property providing a rare opportunity to acquire a new construction, absolute NNN property with a low initial investment (Taco Bell pays for all building construction costs)
- Long-term, 20-year lease providing predictable income stream with rental increases to hedge against inflation

• Salisbury, Between Charlotte & Greensboro, Has a Diverse Economy
- Salisbury has a strong manufacturing base, with companies such as Integro Technologies, Fiberon, and Food Lion Grocery Store’s distribution center
- Salisbury is home to Novant Health Rowan Medical Center, which is a major regional draw and major employer
- Home to several institutions of higher education, including Catawba College and Rowan Cabarrus Community College, providing jobs and attracting students to the area
- The North Carolina Transportaion Museum is in Salibury, drawing visitors to the area and supporting local businesses and restaurants

• Demographic Growth Trends
- Population of 23,194 within a 3-mile radius with projected growth of nearly 4% through 2027
- Solid Average household income of $72,099 within a 3-mile radius

Documents

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