Taco Bell – Hobe Sound, FL
Fortis Net Lease is pleased to present this brand new Taco Bell restaurant located in Hobe Sound, Florida. The property offers a Fifteen (15) Year Ground Lease, leaving zero landlord responsibilities. The lease contains 10% rent increases every 5 years and also includes 6 (5 year) options to renew. The lease is guaranteed by a 250 unit franchisee. This Taco Bell is a high class restaurant frequented by celebrities in the area. The store was constructed in 2021 and opened in June.
This Taco Bell is highly visible as it is strategically positioned on SE Federal Highway which sees 26,518 cars per day near both a Publix anchored and a Winn-Dixie anchored shopping center. Located in an excellent trade area, the 5 mile population from the site is 22,708 while the 1 mile average household income $99,774 per year, making this location ideal for a Taco Bell. The Subject offering represents an ideal opportunity for a 1031 exchange buyer or a “passive” investor to attain the ownership of a Taco Bell. This investment will offer a new owner continued success due to the financial strength and the proven profitability of the tenant,.
• 15 Year Ground Lease | Zero Landlord Responsibilities
• 2021 BTS Construction | Opened in June 2021
• Excellent Trade Area | AAA+ Site Near Many Major Retailers
• 10% Rent Increases Every 5 Years
• 6 (5 Year) Options | 10% Increases At Each Option
• One Mile Household Income $99,774
• Five Mile Population 22,708
• 26,518 Cars Per Day on SE Federal Highway
• 205 Unit Franchisee Operator Guaranty
• Surrounded by Local Golf Courses | Wealthy Community