1850 Memorial Ln
Wood River, IL 62095
Taco Bell | 10% Increase in 2022 · Retail Property For Sale

Marcus & Millichap, on behalf of ownership, is pleased to exclusively offer the ground leased interest in this Taco Bell located in Wood River, Illinois, a northern suburb of St. Louis, Missouri. The Tenant, Tacala, LLC, has ten years remaining on an absolute NNN ground lease with four, five-year renewal options. The lease features a 10 percent rental increase forthcoming in 2022. The lease is guaranteed by Tacala, LLC, the Country’s largest Taco Bell franchisee with over 280 locations across eight states in the Southeast and Texas. In 2012, Altamont Capital Partners, a private equity firm with $500 million of capital, acquired majority ownership of Tacala as their first investment in the restaurant industry. The Property is positioned at the signaled intersection of Memorial Lane and Wesley Drive just off Vaughn Street (Route 111), a north-south state highway that averages 12,300 vehicles per day. The large 1.05-acre parcel is a pad to Wood River Plaza, a 339,386-square-foot Walmart-anchored center. The Walmart Supercenter is a strong performer with a whisper number of $80M in sales and the next closest location more than 12 miles away. The Tenant operates in a 2,280-square-foot restaurant adjacent to and cross-eased with a Steak & Shake. The Property is in proximity to other fast food and fast casual restaurants Applebee’s, Wendy’s, McDonald’s, Burger King, Hardees, and Pizza Hut, and positioned near notable retailers ALDI, Dollar Tree, Dollar General, and Walgreens. Finally, Taco Bell is located just two miles southwest of St. Louis Regional Airport with an average of 109 flights per day. Located 25 miles northeast of St. Louis, the property is well positioned within this dense suburb near several notable state highways. It is situated less than one-half mile from the Route 255 interchange with Vaughn Road. Route 255, also referred to as the Alton Bypass, is an extension of Interstate-255 in southwestern Illinois. It serves as an important circumferential artery for the northeastern portion of the St. Louis Metro Area (12,000 VPD). The Property is also located two miles east of the interchange of Route 3, a major north-south state highway, and Route 143 that averages more than 33,500 vehicles daily.