Net Leased Taco Bell Sold Date December 23, 2022
The Boulder Group, a net leased investment brokerage firm, completed the sale of a single tenant net leased Taco Bell property located at 2106 North Hills Street in Meridian, Mississippi for $1,480,000.
The 1,863 square foot Taco Bell is positioned along North Hills Street which experiences over 18,000 vehicles per day and is a major thoroughfare for Meridian, Mississippi. The property is positioned at the center of a dense retail trade area with neighboring net leased tenants such as Walgreens, CVS, Ace Hardware, Raising Cane’s, McDonald’s, Dollar General, Take 5 Oil Change, and many more. There are 45,101 people living within five miles of the property earning an average annual household income of $52,516. The property is also within proximity to Highway 39 which experiences 19,000 vehicles per day.
Randy Blankstein and Jimmy Goodman of The Boulder Group represented both sides of the transaction. The Seller was a real estate investor based in the northwest. The Buyer was a private investor based in the southwest.
The tenant, Pacific Bells, has been in business since 1986. In that time, they have amassed many locations and continue to grow exponentially (250+ locations). Taco Bell is an American-based chain of fast-food restaurants originating in Irvine, California in 1962, by founder Glen Bell. Taco Bell is a subsidiary of Yum! Brands, Inc
“Single tenant Taco Bell properties continue to garner significant interest amongst private investors” said Randy Blankstein, President of The Boulder Group. Jimmy Goodman, Partner of The Boulder Group, added, “The franchisee, Pacific Bells, is an experienced QSR operator with several hundred locations.”
About The Boulder Group
The Boulder Group is a boutique investment real estate service firm specializing in single tenant net leased properties. The firm provides a full range of brokerage, advisory, and financing services nationwide to a substantial and diversified client base, which includes high net worth individuals, developers, REITs, partnerships and institutional investment funds. Founded in 1997, the firm has arranged the acquisition and disposition of over $5 billion of single tenant net leased real estate transactions. From 2012-2020, the firm was ranked in the top 10 companies in the nation for single tenant retail transactions by both Real Capital Analytics and CoStar. The Boulder Group is headquartered in suburban Chicago. www.bouldergroup.comBack