1401 S Dumas Ave
Dumas, TX 79029
Taco Bell | ±10 Years Remaining | Dumas, TX · Retail Property For Sale

CIRE Partners is pleased to present a single-tenant net leased investment offering consisting of the fee-simple interest in a freestanding Taco Bell (the "Property" or "Asset") located in Dumas, Texas. The Property has been occupied by Taco Bell since 1994, currently has ±10 years remaining on the initial lease term with four 5-year renewal options and features 10% increases every 5 years throughout the entire lease term. The Tenant recently completed a remodel of the Property demonstrating a long-term commitment to the site. Located in northwest Texas, the City of Dumas is approximately 50 miles north of Amarillo and lies half way between Denver and Dallas. Blessed with fertile lands and abundant natural resources from the High Plains, Dumas is poised for expansive growth in agribusiness. Thriving industries such as farming, ranching, and oil & petroleum contribute to Dumas’ 3.3% unemployment rate, which is significantly lower than the national average. Major employers in the area include JBS/Swift & Co, Valero Energy Corp (top 5 largest refineries in the U.S.), Faria Dairy, Dumas Independent School District, and Moore County Hospital; Source: Dumas EDC. Coupled with robust unemployment rate and desirable affordability (cost of living is 12% less than the national average), Dumas ranks #4 on USA Today’s 2018 list of “America’s 50 Best Cities to Live.”