Nov 2, 2023

Blue West Capital Facilitates Sale of Newly Built Taco Bell

by Avalon Jacka, CREJ

COLORADO SPRINGS – Blue West Capital arranged the sale of a newly constructed Taco Bell off North Powers Boulevard. Located at 3521 Blue Horizon View, the 2,053-sf property sold for $2.42 million. The all-cash transaction closed in 35 days.

Blue West’s Brandon Gayeski represented the buyer, an undisclosed California-based 1031 exchange investor. Gayeski assisted with both the downleg and upleg transactions for the investor, with the first property relinquished in first-quarter 2023. The Internal Revenue Service granted the buyer an extension on their 1031 exchange deadlines because they were living in an area of California that was impacted by flooding and mudslides, Gayeski said.

“Recognizing the potential benefits of this extended timeline, combined with a deteriorating market, we advised our client to remain patient, expecting more favorable pricing later in the year,” Gayeski said. “As a result, our client successfully acquired this well-located, newly constructed Taco Bell, featuring a 20-year lease with zero landlord responsibilities, while achieving a return on investment similar to that of her relinquished property.”

Justin Zahn of CIA Brokerage Co. represented the seller, which is listed as Quick Service Realco LLC on El Paso County public records. The Taco Bell includes a 20-year triple-net lease with no landlord responsibilities, and rental increases every five years. The Taco Bell location is operated by a Kansas-based franchisee with more than 840 restaurants under management. The new location opened in early October.

The property is situated at the first signalized intersection east of Powers Boulevard at Old Ranch Road, across the street from Pine Creek High School, with more than 1,800 students. The average annual income within 1 mile tops $203,000. The annual projected population growth within a 1-mile radius is forecasted to be 5%.

Taco Bell operates more than 8,200 locations and serves more than 2.1 billion customers annually.

Close

Enter Your Information To Request The Offering Memorandum

Industry Role
Close

We are ready to assist you.

Please fill out the form and we will be in touch shortly.

By providing a telephone number and submitting the form you are consenting to be contacted by SMS text message. Message & data rates may apply. Reply STOP to opt out of further messaging. Blue West Capital, LLC may use text messaging for client communications only and does not use text messaging for marketing or promotional matters. Please see Privacy Policy for further information.

Contact Information

400 S. Colorado Blvd | Suite 590
Denver, CO 80246

info@BlueWestCapital.com

720-989-1031