TACO BELL | $2,469,046 | 5.35% CAP
The Deltondo Group and Marcus & Millichap are pleased to present for sale the fee simple interest in this single-tenant Taco Bell located at 15700 North US-169, Kansas City (Smithville), Missouri 64089.
The subject property is comprised of 2,061 square feet and was built-to-suit for Taco Bell in 2019. The building sits on a 21,780 square foot lot with ample parking Located just off North US-169 where Taco Bell is passed by 20,000+ Vehicles Per Day.
Taco Bell operates on an Absolute-Net Lease with 19+ years remaining. The Lease includes an 8% rental increases every five years, including the four, 5-Year Options to extend. Taco Bell is anchored by Price Chopper, the only grocery store in Smithville. Price Chopper is currently under construction just behind the subject property. Across US-169 sits Saint Luke’s North Hospital-Smithville, a 92-Bed facility that is home to over 4,000+ employees.
Operated by Royal City Bell, LLC an independently owned affiliated entity of Diversified Restaurant Group. As of July 2019, Diversified Restaurant Group is one of the fastest-growing and the 5th largest franchisee in the Yum! Brands system with 210+ restaurants throughout California, Nevada, Kansas, and Missouri. Royal City Bell currently owns and operates 61+ Taco Bell stores throughout Kansas and Missouri, primarily in the Kansas City metro with annual sales exceeding $80,000,000. Royal City Bell is in the process of opening 6 new restaurants in the Kansas City market with plans to achieve an annual growth rate of 3.00-5.00% per year going forward.