2011 E Jackson St
Hugo, OK 74743
Taco Bell (2nd Largest Franchisee in US) · Retail Property For Sale

Marcus & Millichap is pleased to present this net leased Taco Bell property in Hugo, Oklahoma. The 2,274 square foot building has excellent exposure along East Jackson Street as an outlot to the Wal-Mart Supercenter behind it. The Taco Bell benefits from the consistent traffic driven by the Wal-Mart due to it being the only major grocery store in town. There are several other national credit tenants in the surrounding area including Orscheln Farm & Home, Hibbett Sports, Dollar Tree, Dollar General, Anytime Fitness, and McDonald’s. The Taco Bell prototype construction was completed in 2017 with Taco Bell signing a brand new 20 year lease. Taco Bell signed their 20 year lease with their initial rent commencement of November 27, 2017 and expiration of November 30, 2037 leaving more than 18 years left on the current lease. The lease is absolute triple-net, calling for zero responsibility from the landlord as the tenant is responsible for all expenses associated with the property and the roof and structural components of the building as well. There are rare 1 percent annual rent escalations in the base term and in each of the five, five-year renewal options. The lease is guaranteed by K-Mac Enterprises, which is the second largest Taco Bell franchisee in the country with almost 300 locations spanning 9 states.