Taco Bell

Investment Overview

Fortis Net Lease is pleased to present the opportunity to acquire an Absolute NNN Ground Lease investment occupied by Taco Bell located at 937 Main Street in Atchison, Kansas. The property features a newly constructed 1,820 square foot freestanding restaurant situated on a 0.62-acre parcel along Main Street, a primary commercial corridor serving the Atchison trade area. The tenant operates under a 20-year Absolute NNN ground lease commencing at the close of escrow, providing investors with a passive ownership structure free from landlord responsibilities related to taxes, insurance, and maintenance. The offering is available at an asking price of $2,181,818, representing a 5.50% cap rate and annual Net Operating Income of $120,000. The lease includes attractive rental escalations of 8.0% every five years throughout the primary term and renewal options, along with four additional five-year renewal options extending long-term income stability. Backed by a nationally recognized quick-service restaurant brand and structured as a ground lease investment, this asset presents a secure, long-duration income stream with built-in rent growth ideal for investors seeking stable, inflation-hedged cash flow.

Investment Highlights

• Absolute NNN Ground Lease with Taco Bell, providing a truly passive investment with zero landlord responsibilities for taxes, insurance, or maintenance
• 20-Year Primary Lease Term commencing at close of escrow, offering long-term, secure cash flow backed by a nationally recognized quick-service restaurant tenant
• Strong Rental Growth featuring 8.0% rent increases every five years throughout the base term and renewal options
• Attractive Investment Metrics with an asking price of $2,181,818, delivering a 5.50% cap rate and $120,000 annual NOI
• Long-Term Upside supported by four (4) five-year renewal options, extending potential lease term to 40 years
• Freestanding 1,820 SF Building positioned on a 0.62-acre parcel along Main Street, a primary retail corridor in Atchison, Kansas
• Ground Lease Structure, historically considered one of the lowest-risk net lease investments due to tenant ownership interest in improvements
• Corporate Brand Recognition & Traffic Driver, benefiting from Taco Bell’s strong national presence and consistent consumer demand in the quick-service restaurant sector