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Taco Bell Sold

February 6, 2007

 

CALKAIN REALTY ADVISORS BRINGS TACO BELL PORTFOLIO TO THE MARKET
FLORIDA ASSETS PROVE TO BE POPULAR AMONG INVESTORS NATIONALLY

 

Tampa, FL - Calkain Companies, a national real estate investment brokerage firm, has recently listed the sale of the real estate currently occupied by Taco Bell at locations in Tampa and Lakeland, FL.    

 

David Sobelman, Vice President of Calkain Realty Advisors, the private market division of Calkain Companies, is representing the seller, a private investor, in the transaction.  The sites are currently occupied and operated by Yum! Brands, the parent company of Taco Bell.  “With a superior tenant credit and corporate guarantee for each of these high profile locations coupled with the fact that the tenant is operating under an absolute triple net lease, these assets are extremely attractive to investors looking to own passive income producing real estate,” Sobelman explained.  “We are seeing a plethora of interest, both from out-of-state and local investors, in this three property offering,” Sobelman stated. 

 

Valued at just over $4.5 million, the properties are situated on the most highly traveled areas of the Southwest Florida region.  Locations are on popular streets such as Dale Mabry Boulevard in Tampa and US Highway 98 in Lakeland.  Investors have the option to purchase one individual location or package the sites in order to increase their geographical diversification.  “Income properties are hard to find and the mere land value of these sites more than justifies their asking prices,” Sobelman continued. 

 

YUM! Brands is the parent company for the popular restaurant concepts Taco Bell, KFC, A&W, Pizza Hut & Long John Silvers. It is the world's largest restaurant company with nearly 34,000 corporate-owned and franchised restaurants in over 100 countries.

 

Taco Bell is the world's leading Mexican-style quick service restaurant chain, serving some 35 million consumers each week in more than 6,500 locations.

 

Calkain is a full service real estate brokerage firm with a national scope focusing on single and multi tenant retail, industrial, and office net leased transactions.  Calkain has offices in Tampa, FL, Reston, VA (Washington, DC), Nashua, NH (Boston, MA) and McHenry, MD.  Additional information about the firm and its listings may be found at www.calkain.com.

 

Media Contact: David Sobelman, Vice President | (813) 282.6000

About the Author

David Sobelman is charged with the responsibility of managing Calkain Realty Advisors, the private markets division of Calkain Companies.

David focuses on single tenant retail, industrial, and office net leased transactions. He is instrumental in keeping the trends of the national and regional real estate markets in the forefront of Calkain’s client’s overall property evaluation.