Taco Bell

• Strong-Performing Location with Healthy Rent-to-Sales Ratio — Unit sales support a strong rent coverage ratio, indicating a healthy margin of safety for the operator.
• 15-Year Sale-Leaseback with Long-Term Commitment — A new 15-year primary term from the Close of Escrow signals operator confidence in the site and provides a long runway of contractual income with Four, 5 Year Options to follow.
• 10% Rental Increases Every 5 Years — Built-in rent growth throughout the primary term providing a hedge against inflation and supports steady NOI appreciation over the hold period.
• Absolute Triple Net (NNN) Lease — Zero landlord responsibilities, Tenant is responsible for taxes, insurance, CAM, and all structural/roof/parking lot maintenance.
• Experienced, Multi-Unit Operator (30+ Years in Yum! Brands System) — Leased to 7 Bells, LLC (±14 Units), an established Taco Bell franchisee with a concentrated, Michigan-based portfolio, reflecting deep familiarity with local market dynamics and a proven track record of operational success throughout the state.
• 2023 Construction – Newer construction Drive Thru location reducing near-term capital expenditure risk and demonstrating a modern prototype for the brand.
• Strong Brand Affiliation — Taco Bell is one of the top-performing QSR brands in the country, backed by Yum! Brands (NYSE: YUM), one of the largest restaurant companies globally.
• Signalized Intersection — Located at a signalized intersection of Shattuck Rd. and Bay Rd. with a combined traffic count of ±38,200 VPD ensuring consistent visibility and drive-thru convenience within one of the Great Lakes Bay Region’s busiest commercial arteries.
• Located Within the Region’s Dominant Retail & Demand Generator Trade Area — The property sits directly along the same corridor as Fashion Square Mall, the largest and most dominant enclosed mall in the Great Lakes Bay Region, anchored by JCPenney, and Macy’s, with over 800,000 square feet of retail and 100+ tenants, alongside national co-tenants including Lowe’s, Walmart, Home Depot, Target, Best Buy, Kohl’s, Starbucks, Red Lobster, and Chipotle, driving consistent daily cross-shopping traffic. Saginaw Valley State University, with approximately 6,900 students, sits three miles away, adding a further layer of steady, non-seasonal demand.