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SRS National Net Lease Group is pleased to offer the opportunity to acquire the fee simple interest (land & building ownership) in an absolute NNN leased, freestanding, drive-thru equipped, Taco Bell investment property located in Kansas City, MO. The tenant, Royal City Bell, LLC, recently signed a brand new 20-year lease with 4 (5-year) options to extend, demonstrating their commitment to the site. The lease features 8% rental increases every 5 years throughout the initial term and at the beginning of each option period, growing NOI and hedging against inflation. The lease is absolute NNN with zero landlord responsibilities making it an ideal, management-free investment opportunity for an out of state investor. Taco Bell was constructed in 2019 and held its grand opening on November 8th, 2019. The store features modern amenities and the chain’s most recent design. The lease is guaranteed by Royal City Bell, an experienced regional franchisee/operator with approximately 61 Taco Bell locations.
The subject property is located at the signalized, hard corner intersection of Blue Parkway / State Highway 350 (19,300 VPD) and Elmwood Avenue, and benefits from excellent visibility along both cross-streets created by an elevated terrace build-out. The building will also be equipped with a drive-thru, providing ease and convenience for customers. On average, stores with drive-thrus experience higher sales than those without. The site is positioned as an outparcel to The Shops on Blue Parkway (44,000 SF), anchored by Sunfresh Market (local grocer), Family Dollar and DaVita Dialysis, promoting crossover store exposure. Moreover, the asset is situated just 4 miles west of the Harry S Truman Sports Complex, home to Arrowhead Stadium (Kansas City Chiefs – NFL) and Kauffman Stadium (Kansas City Royals, MLB), significantly increasing consumer draw to the trade area.
Taco Bell is positioned within a dense industrial corridor filled with manufacturing and distribution facilities, contributing to a strong, direct consumer base of nearly 194,000 daytime employees within a 5-mile trade radius. The 5-mile trade area is also supported by a dense population of more than 233,000 residents with a healthy average household income of $70,000.
20-Year Lease | Scheduled Rental Increases | Brand New Construction | Experienced Regional Operator
Strong Sales Performance | Above Average Unit Volume
Signalized, Hard Corner Intersection | Excellent Visibility | Drive-Thru Equipped
Absolute NNN | Fee Simple Ownership | Zero Landlord Responsibilities
Outparcel to The Shops on Blue Parkway | Proximity to Harry S Truman Sports Complex