230 E Hwy 290 - Fast Food FOR SALE


Dripping Springs, TX 78620- Hill Country
$3,770,000 USD
415-852-5177
230 E Hwy 290, Dripping Springs, TX for Sale
$3,770,000 USD
Fast Food - FOR SALE
1/6
null | 5% Cap Rate

230 E Hwy 290
Dripping Springs, TX 78620
Hill Country


HIGHLIGHTS

  • Rare 29-year absolute NNN to Taco Bell, the world’s largest Mexican-inspired restaurant chain
  • Annual 1% rent increases deliver steady growth through the initial term and six (6) five-year options.
  • Tenant covers all taxes, insurance, and maintenance, including roof, structure, and parking lot, providing a fully passive investment
  • Lease to Tacala Austin Corp, one of Taco Bell’s largest operators
  • Taco Bell serves over two billion customers each year.
  • In 2024, Taco Bell experienced strong growth, including a milestone $1 billion in profit and significant increases in both U.S. and international sale

OVERVIEW

This Taco Bell is ideally positioned along U.S. Route 290, offering high visibility and accessibility with traffic counts exceeding 31,000 vehicles per day. The property is supported by a strong tenant, with Taco Bell achieving significant growth in 2024, including over $1 billion in profit and expanding sales both domestically and internationally. The surrounding area features an affluent demographic, with average household incomes of approximately $198,351 within a three-mile radius. The site benefits from proximity to major traffic drivers such as H-E-B, Whataburger, Walgreens, and Holiday Inn, as well as its central location between Dripping Springs Sports & Recreation Park and Dripping Springs High School. The absolute NNN lease structure provides a passive investment with no landlord responsibilities, while continued population and income growth in the trade area support long-term stability and upside.

FOR SALE DETAILS

PRICE

$3,770,000 USD

PRICE/SF

$1,127 USD /SF

CAP RATE

5%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Taco Bell | Austin MSA

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Fast Food

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2014

SPRINKLERS

-

PARKING SPACES

37

LAND DETAILS

LAND ACRES

2.11 AC

LAND SF

91,912 SF

ZONING

GR

APN/PARCEL ID

R130271

ASK ABOUT THIS PROPERTY

Michael YurasCushman & WakefieldMore Info
415-852-5177

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Michael YurasCushman & WakefieldMore Info
415-852-5177

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.