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TACO BELL – LACKAWANNA, NY 1361 Abbott Rd
2,100 SF Retail Building Buffalo, NY 14218 £2,092,021 (£996/SF) 6% Net Initial Yield
Investment Highlights
- Brand New 20-Year Absolute NNN Lease with Attractive 7.00% Rental Escalations Every 5 Years!
- New, high-quality, build-to-suit of Taco Bell’s newest prototype - slated to open in November 2024 (est. - under construction)
- Traffic counts of 29,041 CPD, less than 1 mile west of I-90/US-Hwy 219 (traffic counts: 48,752 CPD)!
- KBP Bells, LLC is a 47-unit (and growing) Taco Bell entity (subsidiary holding of KBP Brands ±1,000-unit operator)
- Well positioned on a signalized/hard corner with excellent drive-by visibility and access on Abbott Rd (main North/South thoroughfare)
- 2023 DEMOGRAPHICS: Total Population (5-MI): 179,599 | Average Household Income (1-MI): $89,331
Executive Summary
Property Facts
Amenities
- Pylon Sign
- Restaurant
- Signalised Intersection
- Drive Thru
MAJOR TENANTS
- Tenant
- Industry
- SF OCCUPIED
- RENT/SF
- Lease End
-
- Accommodation and Food Services
- 2,100 SF
- -
- -
Taco Bell was born and raised in California and has been around since 1962. They went from selling everyone’s favorite Crunchy Tacos on the West Coast to a global brand. They're not only the largest Mexican-inspired quick service brand (QSR) in the world, they’re also part of the biggest restaurant group in the world: Yum! Brands. Much of their fan love and authentic connection with their communities are rooted in being rebels with a cause. From ensuring they use high quality, sustainable ingredients to elevating restaurant technology in ways that hasn’t been done before, they will continue to be inclusive, bold, challenge the status quo and push industry boundaries. They’re a company that celebrates and advocates for different, has bold self-expression, strives for a better future, and brings the fun while they’re at it. They fuel their culture with real people who bring unique experiences. They inspire and enable their teams and the world to Live Más.
| Tenant | Industry | SF OCCUPIED | RENT/SF | Lease End | ||
|
|
Accommodation and Food Services | 2,100 SF | - | - |
PROPERTY TAXES
| Parcel Number | 140900-142-070-0004-019-000 | Improvements Assessment | £63,616 |
| Land Assessment | £61,890 | Total Assessment | £125,506 |
PROPERTY TAXES
-
Kendall Carlsen -
Commercial Investment Advisors, INC
Presented by
TACO BELL – LACKAWANNA, NY | 1361 Abbott Rd
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