Taco Bell Ground Lease

Highlights

• 20-year absolute NNN ground lease corporately guaranteed by Taco Bell (S&P BBB-) who reported 2024 operating profit of $1 Billion, virtually eliminating any default or vacancy risk
• A new express car wash and gas station is under construction nearby at Faircrest & SR 800, further reinforcing the corridor’s role as a daily convenience and service hub.
• Direct access from a major interchange and the complimentary foot traffic generated by the accompanying gas stations ensures sustained demand from both commuters and interstate travelers—key drivers of Taco Bell’s national performance metrics.
• High-Traffic Retail Corridor with Interstate Visibility
• Legacy Investment Fundamentals
• Located just off Interstate 77 (~45,000 VPD), Faircrest Street serves as a primary retail and food stop for south Canton, Bethlehem Township, and through-traffic exiting the highway.
• Metallus (formerly TimkenSteel) is investing over $100 million into its Faircrest steel facility—less than 2 miles from the site—including a $3.5M JobsOhio grant and $99M in U.S. Department of Defense funding to expand domestic production capacity.
• Proximity to Major Employers Drives Daily Demand
• Significantly below market rent promoting long-term income stability with substantial NOI enhancement upside – scheduled rent is $25.36/sf compared to the submarket’s STNL average rent of $41.61/sf
• Stark County is investing in road resurfacing and infrastructure upgrades along Faircrest Street and Perry Drive as part of its 2024–25 transportation initiative, enhancing traffic flow and long-term accessibility.
• Strategic Positioning Within a Growing Commercial Corridor
• Surrounded by complementary QSR and service retail, including McDonald’s, Wendy’s, Speedway, Shell, Ohio Cannabis Company Dispensary and local convenience hubs at the SR 800 intersection.
• Sustained value retention via bite-sized entry basis of $1,105,000 providing long-term wealth preservation
• The adjacent Pilot Travel Center attracts approximately 650,000 customer visits annually, with the three nearby gas and convenience retailers collectively drawing over 1.48 million visits per year, fueling sustained daily demand for quick-service restaurants like Taco Bell.
• The property benefits from strong drive-through demand and steady daytime traffic generated by nearby industrial employers, including Metallus (TimkenSteel).
• The property is surrounded by additional industrial and distribution uses, including Premier Warehouse & Storage, contributing to consistent weekday lunch traffic and shift-based demand.
• The tenant benefits from a built-in customer base of blue-collar and logistics employees who rely on fast, convenient food options like Taco Bell.
• These public and private investments signal strong confidence in the area’s long-term growth trajectory and directly enhance drive-through viability at the subject site.
• Zero landlord responsibilities, offering investors a completely passive stream of income

Location