Absolute NNN Lease: 15-year absolute triple-net lease with approximately 10 years remaining on the primary term; tenant assumes full responsibility for all expenses, including roof, structure, and maintenance, minimizing landlord obligations.
Corporate Guarantee: Lease guaranteed by U.S. Leader Restaurants, Inc., a well-capitalized and experienced 19-unit Taco Bell franchisee with a strong operational history.
Institutional-Grade Tenant: Occupied by Taco Bell, one of the nation’s leading quick-service restaurant (QSR) brands, operating over 8,200 locations across the U.S.
Modern Construction: Built in 2019, the property features Taco Bell’s current prototype design with drive-thru capabilities, enhancing operational efficiency and throughput.
Structured Rent Increases: 10% rental escalations every five years, including during option periods, provide predictable and growing income streams.
Long-Term Income Security: Approximately ±10 years of remaining primary lease term with five (5) additional five-year renewal options, offering durable cash flow and tenant retention potential.