TACO BELL

INVESTMENT HIGHLIGHTS

• Lowe’s Outparcel | Dense Retail Corridor | 2016 Construction – Strategically positioned as a Lowe’s outparcel providing consistent retail traffic. Additionally benefitting from immediate proximity to Chick-fil-A, Popeyes, Buffalo Wild Wings, Dutch Bros, Panera Bread, and many more.
• Affluent Demographics | 3-Mile Avg HH Income of $129,897 | Projected Population Growth of 3.46% – The average household income within 3-miles exceeds $129,000. The 3-mile population exceeds 57,633 with projected growth of 3.46% over the next 5 years.
• Strong Traffic Counts (49,000+ VPD) | High Visibility | Multiple Access Points | Near Various National Retailers – Site benefits from combined traffic counts exceeding 49,000+ VPD along E 111th St S & S Memorial Dr providing high visibility along a major thoroughfare. Location is easily accessible with major access points providing additional convenience.
• Tulsa MSA | 2nd Largest MSA in Oklahoma – The Tulsa MSA stands as the 2nd largest metropolitan area in Oklahoma, home to over 1,045,000 residents and growing.
• 11+ Years Remaining | Annual Rent Increases | Options to Extend – There are approximately 11+ years remaining on an initial 20-year lease. The lease is subject to 1% annual rental increases providing a hedge against inflation. The tenant has Five, 5 Year Options to extend proving their long-term commitment to this location.
• Absolute NNN Lease | Fee Simple Ownership | Zero Landlord Responsibilities – The current lease is Absolute NNN, which means the tenant is responsible for taxes, insurance, CAM, and maintenance making this investment completely passive.
• Low Rent-To-Sales | Nearly Double-Digit Sales Growth | K-Mac Enterprises Guarantee (340+ Units) – Store is subject to a low rent-to-sales ratio, recently seeing a nearly double-digit sales increase from 2023 to 2024 (inquire with agent). The lease is guaranteed by K-Mac Enterprises, providing one of the largest lease guarantees in the Taco Bell space (340+ units)
• Top 5 Restaurant Brand | No. 1 Spot on The Franchise 500 – Taco Bell is a leading restaurant brand, ranking as the 4th most popular restaurant chain nationwide, with sales exceeding $15 billion in 2023. Taco Bell was recently ranked No. 1 on the Franchise 500 list for the fifth time since the brands inception.