May 28, 2024 – Jack Laurendeau, Bob Horvath and Todd Tremblay of Horvath & Tremblay have successfully completed the sale of a Taco Bell in Houston, Texas. Horvath & Tremblay represented the buyer to complete the transaction at a sale price of $1,370,000.
Taco Bell is located at 3356 Scott Street in Houston, Texas. Taco Bell has 9 years remaining on their Absolute NNN Ground Lease with four (4), five-year renewal options. The newer construction building was completed in 2022 and features a drive-thru lane and outdoor seating. The lease calls for attractive 10% rent increases every five years throughout the base term and at the start of each option period, providing a steady increase in income and an attractive hedge against inflation. The Property is extremely well located at the intersection of Reeves Street and Scott Street, one of the area’s primary commercial and commuter corridors in Houston’s South Central neighborhood. The Property is adjacent to the University of Houston, 0.3-miles from TDECU Stadium, and 0.6-miles from Texas Southern University. The Property is surrounded by densely populated residential neighborhoods that provide a built-in customer base and is within 1.5-miles of TX Routes 5 and 288, US Route 90, and Interstates 45 and 69.
Horvath & Tremblay is one of the most active and successful Investment Real Estate Brokerage firms in United States. Our advisors specialize in the sale of single tenant net-lease assets and retail shopping centers. They have experience successfully structuring sale lease-back programs, portfolio dispositions, and 1031 exchanges. Horvath & Tremblay is dedicated to being the best source of information and expertise in the marketplace for private investors, developers, institutions, and industry professionals.