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.
• 2022 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.
• Located at the Gateway to Michigan’s Upper Peninsula — St. Ignace’s own city motto is “Gateway to Michigan’s Upper Peninsula,” and the site sits directly along US-2/BL I-75 at the north end of the Mackinac Bridge, the sole highway link connecting Michigan’s Lower and Upper Peninsulas, positioning the property to capture nearly all northbound and southbound regional pass-through traffic.
• High-Volume, Toll-Bridge-Anchored Traffic Generator — The Mackinac Bridge carries approximately ±11,600 vehicles per day across the Straits of Mackinac, with St. Ignace serving as the primary stop for fuel, food, and rest immediately following the crossing.
• Strong Seasonal Tourism Demand Driver — The property benefits from heavy seasonal visitor volume, supported by 1,500+ area lodging units (hotels, cabins, and campsites) tied to nearby attractions including Bridge View Park, Straits State Park, and the Father Marquette National Memorial, with additional traffic from ferry access to Mackinac Island.