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Taco Bell Ground Lease 14447 US Highway 59 2,106 SF Retail Building Splendora, TX 77372 $1,495,000 ($709.88/SF) 5.35% Cap Rate
Investment Highlights
- Best in Class Brand | Strong Operator with Approximately 180 Taco Bell, Sonic, KFC and Pizza Hut Locations Throughout 5 States
- The 20-year Absolute NNN Ground Lease commenced in June 2025, allowing investors to capitalize on nearly the entire lease term.
- From July 2023 to July 2024, the County saw 4.8% population growth, while the average percentage growth across 3,000 counties in the U.S. was 0.4%.
- With frontage along Interstate 69, just north of its convergence with FM 2090, the Property benefits from direct exposure to a combined 72,000 VPD
- Montgomery County is ranked as the 7th fastest growing county in Texas, with its population more than doubling in the last twenty years.
Executive Summary
PRICED FOR YEAR-END CLOSE | New 20-year Taco Bell Ground Lease | Houston MSA | I-69 Frontage
Property Facts
Sale Type
Investment NNN
Sale Condition
Ground Lease (Leasehold)
Property Type
Retail
Property Subtype
Building Size
2,106 SF
Building Class
B
Year Built
2025
Price
$1,495,000
Price Per SF
$709.88
Cap Rate
5.35%
NOI
$80,000
Tenancy
Single
Building Height
1 Story
Building FAR
0.09
Lot Size
0.54 AC
Zoning
5 - Commercial
Nearby Major Retailers
Property Taxes
| Parcel Number | 0082-02-00910 | Improvements Assessment | $0 |
| Land Assessment | $0 | Total Assessment | $269,540 |
Property Taxes
Parcel Number
0082-02-00910
Land Assessment
$0
Improvements Assessment
$0
Total Assessment
$269,540
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Taco Bell Ground Lease | 14447 US Highway 59
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