1809 Veterans Blvd
Del Rio, TX 78840
Taco Bell - Sale Leaseback · Retail Property For Sale

RCGF, LLC, a five-unit Taco Bell operator, will sign a brand new 15-year lease at the close of escrow. The lease will be absolute triple net (NNN) in nature, requiring zero landlord responsibilities, and will include 10% rental escalations every five years, and five, five-year renewal options in which rental escalations continue. The Property reported sales in excess of $1.3 million in 2015 and 2016, which is in line with the average U.S. Taco Bell sales per system unit. The 2,489 square foot building was constructed in early 2012 and opened in March of that year. The 0.49-acre site is located at the southeast corner of Veterans Boulevard and East 17th Street. The property has access and frontage along both roadways, and also includes a drive-thru lane. The site is situated in a densely developed retail corridor. Taco Bell is the nation' s leading Mexican-style fast-food restaurant chain. Its restaurants operate as freestanding units and as quick-service kiosks in places such as shopping malls and airports. Taco Bell serves more than 36 million consumers each week in approximately 6,000 stores nationwide. Taco Bell is located on the southeast corner of Veterans Boulevard and East 17th Street. Access to the Property is available from both roadways. Immediately surrounding the subject are various small single and multi-tenant retail buildings, fast food retailers including Church' s Chicken, Dairy Queen and McDonalds, and several auto-related stores. The subject is located along the main retail corridor, Veterans Boulevard. Plaza del Sol Mall, containing 260,000+ square feet and 45+ in-line stores, is located less than one mile north of the subject. The mall is anchored by JCPenney, Bealls, Ross Dress for Less, Marshalls and Cinemark Movies 8. Additional retailers such as The Home Depot, Walmart Supercenter, Auto Zone and Family Dollar are also found along Veterans Boulevard. The Property is located in Del Rio, the county seat of Val Verde County in southwestern Texas. The city is roughly 150 miles west of San Antonio. Del Rio is home to Laughlin Air Force Base, the busiest United States Air Force pilot training complex in the world.