Acquired in early 2022 as part of a 1031 exchange, this Taco Bell is on a 20-year lease with an additional six, five-year options to renew the lease. The business portion of the property is run by the second largest Taco Bell franchisee who operates over 280 restaurants across 8 states.
This property is an outparcel to a Walmart Supercenter and is conveniently located off a freeway offramp of Interstate 44, which runs parallel to Historic U.S. Route 66. Just 2 miles east of the property is Sullivan Country Club and Sullivan Regional Airport is located 1.7 miles west.
OneV Capital plans to hold this property long term. The property is well-located and the lease requires no responsibilities from the landlord. Further, the property is guaranteed by a very strong operator of Taco Bell and other fast food restaurants (2,350+ units) which provides for an excellent long-term passive investment.