Taco Bell

Investment Overview

Fortis Net Lease is pleased to present the opportunity to acquire a Taco Bell property located at 200 N Missouri Ave, Corning, AR 72422. The property is offered at an asking price of $1,352,212, generating a net operating income (NOI) of $76,400 and an attractive 5.65% capitalization rate. The freestanding restaurant encompasses approximately 2,128 square feet situated on a 0.87-acre lot, providing a dedicated site for the established quick-service restaurant brand. The property is secured by an Absolute NNN lease, minimizing landlord responsibilities and providing a passive investment structure. K-MAC Enterprises recently signed a new 25-year lease that will expire in July 2051. The absolute NNN lease requires zero landlord responsibilities and includes 1.0% annual increases to hedge against inflation. These rent escalations are also included in the Four (5) five-year option periods. K Mac Enterprises is a best in class 350+ Unit Taco Bell Franchisee. The lease is backed by the entire 350+ Unit K Mac Entity. This is an ideal opportunity for an investor to purchase a passive income real estate asset with absolutely zero management responsibilities. The tenant is responsible for all property taxes, insurance and capital expenditures including the roof, structure & HVAC.

Investment Highlights

• New 15 Year Absolute NNN Lease
• 1.0% Annual Increases
• Zero Landlord Responsibilities
• Tenant on Lease Includes 350+ Unit Entity (K-MAC Enterprises)
• Nearly 3,000+ People within 3 Mile Radius
• Median Home Value More than $100,000 within 3 Mile Radius
• More than 9,400 VPD on US Hwy 67