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Taco Bell | 25-Year Abs NNN 200 W Highway 21 2,777 SF Retail Building Caldwell, TX 77836 $3,281,000 ($1,181.49/SF) 5.25% Cap Rate

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INVESTMENT HIGHLIGHTS

  • New 25-year absolute NNN to Taco Bell, the world’s largest Mexican-inspired restaurant chain.
  • Tenant covers all taxes, insurance, and maintenance, including roof, structure, and parking lot, providing a fully passive investment.
  • Taco Bell serves over two billion customers each year.
  • Annual 1% rent increases deliver steady growth through the initial term and six (6) five-year options.
  • Operated by Tacala, one of the largest Taco Bell operators in the country with over 350 locations.
  • In 2024, Taco Bell experienced strong growth, including a milestone $1 billion in profit and significant increases in both U.S. & international sales.

EXECUTIVE SUMMARY

The property offers a prime retail location with high visibility and easy access along West State Highway 21, which experiences a high traffic count of 19,615 vehicles per day. In 2024, Taco Bell experienced strong growth, including a milestone $1 billion in profit and significant increases in both U.S. and international sales.
The five-mile radius serves an affluent region, with an average household income of $92,474. The property is surrounded by a vibrant mix of local and national retailers that drive Caldwell’s primary economic activity, including Walmart, Tractor Supply Company, Dollar General, McDonald’s, Whataburger, and more.
The absolute NNN lease structure transfers maintenance and expense obligations to the tenant, including roof, structure, and parking lot, leaving the landlord with zero management responsibilities. Projected population and income increases within 1-, 3-, and 5-mile radii over the next five years poise this Taco Bell and Caldwell for steady concurrent growth.

PROPERTY FACTS

Sale Type
Investment NNN
Sale Condition
1031 Exchange
Property Type
Retail
Building Size
2,777 SF
Building Class
C
Year Built
2025
Price
$3,281,000
Price Per SF
$1,181.49
Cap Rate
5.25%
NOI
$172,210
Tenancy
Single
Building Height
1 Story
Building FAR
0.06
Lot Size
1.08 AC
Parking
29 Spaces (10.44 Spaces per 1,000 SF Leased)

AMENITIES

  • Drive Thru

NEARBY MAJOR RETAILERS

Prosperity Bank
Truist
Brookshire Brothers

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
16759
Land Assessment
$118,516
Improvements Assessment
$42,053
Total Assessment
$160,569
  • Listing ID: 37024125

  • Date on Market: 7/30/2025

  • Last Updated:

  • Address: 200 W Highway 21, Caldwell, TX 77836

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