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Taco Bell/ KFC | 20yr SLB | High Sales 10034 Broadway St 3,200 SF 100% Leased Retail Building Pearland, TX 77584 $3,523,810 ($1,101.19/SF) 5.25% Cap Rate

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INVESTMENT HIGHLIGHTS

Brand-New 20-Year Absolute NNN Lease | Zero Landlord Responsibilities | Passive Ownership Opportunity
Prime Frontage Along Broadway Street in Pearland
Located Within the Houston MSA – Nation’s 5th Largest Metro

Dual-Branded Taco Bell / KFC Backed by Yum! Brands | Two of the World’s Largest QSR Brands With 38,000+ Global Locations
Dense Retail Corridor With Top National Co-Tenancy | Positioned Within Pearland’s Primary Retail Trade Area

EXECUTIVE SUMMARY

Marcus & Millichap is pleased to present the opportunity to acquire a dual-branded Taco Bell / KFC located at 10034 Broadway Street in Pearland, Texas. The property will be subject to a brand-new 20-year absolute NNN lease commencing at the close of escrow, providing investors with fully passive ownership and zero landlord responsibilities. The lease includes 10% rent increases every five years and four (4) five-year renewal options, ensuring predictable income growth and long-term stability.
The ±2,952-square-foot drive-thru building is situated on ±1.00 acre with prime frontage along Broadway Street (FM 518), one of Pearland’s busiest thoroughfares with ±34,553 vehicles per day. The site benefits from excellent visibility and access within a dense retail corridor surrounded by Walmart Supercenter, H-E-B, Target, Academy Sports, and Home Depot. The property is positioned within the Houston MSA, the fifth-largest metro in the United States, home to more than 7.5 million residents.
The lease is guaranteed by Delect Foods, LLC, a 50-unit subsidiary of Emerge Inc.—a seasoned 180-unit multi-brand operator with strong credit and operational scale. Combining the reach of Taco Bell (8,000+ locations) and KFC (30,000+ locations worldwide), this dual-branded concept offers enduring brand strength and recession-resistant consumer demand. With an NOI of $185,000 and a 5.25% cap rate, this property provides investors a rare opportunity to secure a high-performing, trophy-quality QSR asset in one of Houston’s most dynamic suburban markets.

OM - KFC_Taco Bell - 10034 Broadway St, Pearland, TX 77584

PROPERTY FACTS

Sale Type

Investment

Property Type

Retail

Property Subtype

Fast Food

Building Size

3,200 SF

Building Class

Year Built

2002

Price

$3,523,810

Price Per SF

$1,101.19

Cap Rate

5.25%

NOI

$185,000

Percent Leased

100%

Tenancy

Multiple

Building Height

1 Story

Building FAR

0.07

Lot Size

1.00 AC

Zoning

None

Parking

20 Spaces (7.13 Spaces per 1,000 SF Leased)

Frontage

418’ on Broadway St

Pylon Sign

Signage

Drive Thru

MAJOR TENANTS

Accommodation and Food Services
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$21.88
Triple Net
Dec 2022

KFC, a subsidiary of Yum! Brands, Inc. (NYSE: YUM.), is a global chicken restaurant brand with a rich, decades-long history of success and innovation. It all started with one cook, Colonel Harland Sanders, who created a finger lickin’ good recipe decades years ago, a list of secret herbs and spices scratched out on the back of the door to his kitchen. Today they still follow his formula for success, with real cooks breading and freshly preparing their delicious chicken by hand in tens of thousands of restaurants around the world.

Accommodation and Food Services
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-
-
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Taco Bell was born and raised in California and has been around since 1962. They went from selling everyone’s favorite Crunchy Tacos on the West Coast to a global brand. They're not only the largest Mexican-inspired quick service brand (QSR) in the world, they’re also part of the biggest restaurant group in the world: Yum! Brands. Much of their fan love and authentic connection with their communities are rooted in being rebels with a cause. From ensuring they use high quality, sustainable ingredients to elevating restaurant technology in ways that hasn’t been done before, they will continue to be inclusive, bold, challenge the status quo and push industry boundaries. They’re a company that celebrates and advocates for different, has bold self-expression, strives for a better future, and brings the fun while they’re at it. They fuel their culture with real people who bring unique experiences. They inspire and enable their teams and the world to Live Más.