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Florida & Gulf Coast  + Central Florida  + Retail  |  May 26, 2020
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By: David Cohen

Boulder Group Brokers $1.4 M Sale of Ground Leased Taco Bell in Kissimmee

Net lease investment brokerage firm The Boulder Group has arranged the $1.4 million sale of a single tenant ground leased Taco Bell property in Kissimmee.

Located at 4370 Pleasant Hill Rd. in Kissimmee, the property was built in 2019 and is within an outparcel of a Lowe’s Home Improvement location. Nearby retailers include Walmart, ALDI, Publix, AutoZone and CVS. The lease is corporately guaranteed by Taco Bell, and has approximately 19 years remaining in the primary term and features zero landlord responsibilities. Additionally, the lease features 10% rental escalations every five years.

Randy Blankstein and Jimmy Goodman of The Boulder Group represented the buyer, a Northeast-based investor in a 1031 exchange, in the transaction. The seller was a Florida-based real estate investor.

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About David Cohen

David Cohen is Southeast Editorial Director at Connect Commercial Real Estate. David is a media veteran with more than 10 years of experience in journalism, copywriting and communications across a variety of roles. He is responsible for covering commercial real estate news and trends in the Southeast, Florida, Washington D.C. and Boston at Connect CRE as well as specializing in the Student Housing sector. Prior to joining Connect, David was the editor of Northeast Real Estate Business magazine and Student Housing Business magazine at France Media as well as spending time freelancing for ESPN and the Associated Press in the fast-paced field of live sports event production. He is also an owner and investor in multifamily real estate in Atlanta, GA. David currently resides in Atlanta and graduated from the College of Communication & Information at the University of Tennessee Knoxville.
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