4903 Fenton Rd
Flint, MI 48507
Taco Bell Corp Lease -15 Yr Extension: 6% CAP · Retail Property For Sale

The Cooper Commercial Investment Group has been exclusively retained by ownership to sell the 100% fee simple interest in the single-tenant, Absolute NNN Ground Lease Taco Bell location in Flint, Michigan. The property is being offered for $976,000, representing an attractive 6.00% CAP Rate and below market rent. The tenant recently extended their lease early for an additional 10 years of term (without a rental reduction) on top of their allotted 5 years option, giving them a total of 14 years of term remaining. The lease also offers 5% rental increases in each option period, providing future income growth. Taco Bell/Yum! Brands handles all on-site maintenance and operating expenses directly, leaving ownership with NO management responsibilities. As a leader in the fast food industry, Taco Bell, a subsidiary of Yum! Brands (NYSE: YUM/S&P “BB”/Moody’s “Ba2”), together with its franchisees operate more than 7,100 restaurants, including nearly 500 restaurants across nearly 30 countries outside of the U.S. The brand plans to become a $15 billion company in global system sales with 9,000 restaurants globally. The company’s continued growth can be evidenced by the company generating $49 billion in revenue (2018) and the Yum! Corporation already with 45,000 restaurants in more than 140 countries! Taco Bell is surrounded by an ideal demographic community with average household incomes of near $52,000 within a 5-mile radius and population of over 136,500 residents within 5 miles. The Fenton Road location has an outstanding daytime population of approx. 164,000 people within a 5-mile radius. With the strategic placement near other complimentary retailers, Taco Bell is positioned in an ideal location in a densely populated area, perfectly suited for the use. In fact, just behind the center is Kings Lane Apartments with 390 units. Taco Bell sits as an outlot in front of South Flint Plaza with well-known retailers Dollar Tree, Chase Bank, H&R Block, Citi Trends, O’Reilly Auto Parts & more. At the nearby intersection, other retailers include Kroger, Walgreens, Rite Aid, Dollar General and Tim Horton’s. The asset is positioned near the intersection of Fenton Road and Bristol Road with traffic counts surrounding the property over 41,450 VPD. The property also benefits from being just off the exit of I-475 and being the closest fast food restaurant at the interchange. I-475 has 40,925 VPD and connects to I-69 (66,800 VPD) and I-75 (107,270 VPD), which is the direct route to Detroit. The community offers a large employment base between the General Motors (GM), who continues to be the city’s largest employer (located less than 1-mile from the featured property) with 7,500 employees and also Flint’s medical sector with a heavy presence in the immediate area. Genesys Regional Medical Center through its 10 regional health centers (3,500 employees), McLaren Regional Medical Center (2,785 employees), Hurley Medical Center (3 miles, 2,780 employees and Diplomat Specialty Pharmacy creates a large portion of the employment base. Furthermore, the Flint School District has 7,500 students and 1,300 employees, The University of Michigan Flint (3 miles) employs another 1,100 employees and Baker College (0.5 miles) with over 3,730 students in the direct vicinity. Bundling all of the attributes, the featured asset will provide an investor the opportunity in today’s market to purchase a superior proven location poised to be a solid investment well into the future.