2435 Monarch Dr Laredo, TX 78045

Property Details for 2435 Monarch Dr

Year built

2014

Lot size

0.60 lot acres

Property size

2,565 SF

Property type

Retail properties

Description

This exceptional investment opportunity presents the fee-simple ownership of a Taco Bell located at 2435 Monarch Dr, Laredo, TX 78045. The 2,565 square foot building, constructed in 2014, sits on a 0.6-acre lot and includes a drive-thru. The property benefits from a highly visible location at the intersection of Monarch Drive and Bob Bullock Loop, a major commercial corridor parallel to Interstate 69W/US Highway 59. The Absolute NNN lease with the Taco Bell franchisee commenced November 30, 2014, and expires November 30, 2039, offering a substantial remaining term of 15+ years with four, five-year renewal options. Rent increases of 8% every five years during the base term provide a hedge against inflation. The property enjoys strong demographics, with approximately 49,500 people residing within a 3-mile radius and an average household income exceeding $130,970. The area boasts significant traffic counts, with approximately 19,000 vehicles daily passing along Bob Bullock Loop and an additional 41,200 vehicles daily along Interstate 69W/US Highway 59. The property's strategic location is further enhanced by its proximity to major retailers such as H-E-B, TJ Maxx, Ross Dress for Less, Petco, and Hobby Lobby, as well as numerous other national chains and significant employment centers including several large industrial and distribution parks. The property's strong tenant, Taco Bell, a subsidiary of Tacala, LLC, one of the nation's largest franchisees, ensures a stable and reliable income stream. The asking price is $2,847,800, representing a 6.00% cap rate and a NOI of $170,868. This is a truly passive investment opportunity with zero management responsibilities for the buyer.

Location Insight

City

Laredo

County

Webb

State

Texas

Longitude

-99.4707

Latitude

27.6106