The Boulder Group is pleased to offer for sale a single tenant Taco Bell ground lease located in Greenville, Wisconsin. Construction was completed in 2024 with the store opening in October. The proposed sale leaseback term is 25 years and has no landlord responsibilities. There will be 10% rental escalations every five years throughout the primary term and five 5-year renewal options. The operator, Pacific Bells, currently operates over 300 locations and will guaranty the lease.
The 2,279-square-foot building is strategically located off State Highway 15, which sees over 20,400 vehicles per day and provides direct access east to Interstate 41 (69,000 VPD). The property benefits from its proximity to a diverse mix of industrial tenants, contributing to a significant daytime population. Key nearby tenants include Amazon, Dixon Ticonderoga, Zebra Technologies, Cintas, Oshkosh, School Specialty, and others. Additionally, the property is adjacent to several notable retailers, such as McDonald’s, Community First Credit Union, and Harley-Davidson. There are over 68,300 people living within a five-mile radius. Additionally, the population earns a six-figure average household income of $124,835 within one mile of the property. The property’s location also benefits from its proximity to Appleton International Airport, which serves 750,000 passengers annually, further enhancing traffic through the area.
Pacific Bells is one of the largest Taco Bell franchisees in the United States, with over 300 Taco Bell locations across multiple states. Founded in 1989 by Tom Cook and Dennis Bagshaw, the company has steadily expanded its footprint through organic growth and acquisitions of existing Taco Bell units. Pacific Bells is known for its commitment to providing quality service, excellent food, and a positive working environment for its employees. Headquartered in Vancouver, Washington, the company operates in several states, including Washington, Oregon, Ohio, and Tennessee. Its leadership emphasizes employee development, offering training programs and career advancement opportunities within the organization.