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200 W Highway 21
Caldwell, TX 77836
Retail Property For Sale

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 is experiencing explosive growth in 2026, highlighted by a staggering 8% to 10% year-overyear growth in U.S. same-store sales
  • Annual 1% rent increases deliver steady growth through the initial term and six (6) five-year options.
  • Tacala LLC is one of Taco Bell’s largest franchisees with over 380 restaurants across the Southeast US and Texas.

Executive Summary

This Taco Bell occupies a highly visible and easily accessible location at the intersection of N Echols Street and TX-21, a key corridor serving Caldwell with traffic counts exceeding 24 vehicles per day. The property benefits from a strong surrounding customer base, with an average household income of $92,254 within a five-mile radius and several well-attended schools located nearby, including Caldwell Elementary School, Caldwell Junior High School, Caldwell High School, and Caldwell Intermediate School. The site is positioned among a mix of established national and local retailers, including Walmart, Tractor Supply Company, Dollar General, McDonald's, and Whataburger, which contribute to consistent consumer activity throughout the area. An absolute NNN lease structure places responsibility for maintenance and operating expenses, including the roof, structure, and parking lot, with the tenant, offering a passive ownership opportunity. The property's location within a market projected to experience population and income growth over the next five years further supports its long-term investment appeal.

Property Facts

Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Fast Food
Building Size
2,777 SF
Building Class
C
Year Built
2025
Price
$3,281,000
Price Per SF
$1,181.49
Cap Rate
5.15%
NOI
$168,972
Tenancy
Single
Building Height
1 Story
Building FAR
0.06
Lot Size
1.09 AC
Parking
29 Spaces (10.44 Spaces per 1,000 SF Leased)

Amenities

  • Corner Lot
  • Pylon Sign
  • Restaurant
  • Signage
  • Drive Thru

Property Taxes

Property Taxes

Parcel Number
16759
Land Assessment
$58,310
Improvements Assessment
$35,334
Total Assessment
$93,644
  • Listing ID: 41592622

  • Date on Market: 8/7/2026

  • Last Updated:

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

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