NNN Taco Bell & Scooter’s Coffee – Acquisition

Midwest, US

$3,550,000

Funding Purpose

Tauro Capital Advisors has been engaged on an exclusive basis to place a loan for the acquisition and development of two NNN Taco Bell and Scooter’s Coffee locations in the Midwest.

Property Description

The asset is a fully stabilized and leased NNN retail property located less than a half mile from a major highway offramp. The asset has a total of 3,000 square feet of total rentable space valued at $71.12 per square foot.

Sponsors

The sponsor has a strong relationship with Taco Bell operator and Scooter’s Coffee.

Challenges

  • Tight closing timeline
  • Franchisee credit
  • Rapidly rising interest rate environment

Solutions

  • Streamlined closing process in order to meet firm closing deadline per the purchase agreement.
  • Negotiated competitive fixed-rate financing despite increasing interest rate environment.

Funding

  • Loan to Value: 78.5%
  • Loan to Cost: 100%
  • Interest Rate: 9.5% fixed
  • Term: 12 months
  • Recourse: Non-recourse

Senior Director  | Capital Advisor

310-903-2806

tfesta@taurocapitaladvisors.com