Tenant: Taco Cabana | Terrell, TX Premises: 2,304 SF Renewal Options: 5 x 5 Years
Lease Expiration: 3/31/2038 Lease Type: Absolute NNN Ground Lease Rental Increases: 10% Every 5 Years
New Construction with Completion by April 1, 2018
20 Year Absolute Triple Net (NNN) Lease
Corporate Taco Cabana Ground Lease
Part of the Terrell Market Center which Includes Other Tenants such as Whataburger, Dairy Queen, Starbucks, Discount Tire, Chipotle, Panda Express, Chick-fil-A, Goody Goody and a 62,000 SF Buc-ee’s Travel Center
Baylor Scott & White Health Owns 52 of the 89 Acres that Make Up Terrell Market Center and is Designed to be a Regional Medical Concentration that will Feature a New Full-Service, 100-Bed Expandable to 400-Bed Hospital. Baylor Medical Terrell will be the Largest Regional Medical Facility Serving Kaufman County and the East Texas Region West of Tyler
Across FM 148, the Crossroads at Terrell Project, is a 255-Acre, 600,000 SF Major Power Retail Center that is Currently Under Construction for Hobby Lobby, Petco, Ross, Film Alley Theater, Marshall’s, Ulta, Burkes Outlet and Rack Room. Crossroads at Terrell will be Developed in Phases and Includes Mixed-Use Office, Retail, Hotel, Service and Apartments
30 Minutes East Of Downtown Dallas
Founded in San Antonio, Texas in 1978, Taco Cabana specializes in Mexican-inspired food made fresh by hand – tacos, quesadillas, flautas, enchiladas, rice, beans, and a selection of made-from-scratch salsas offered on our complimentary salsa bar. Flour tortillas are pressed and grilled from fresh dough balls in view of the guests while fajitas are grilled over an open flame. Taco Cabana offers a selection of beer and tequila margaritas, patio dining, and a convenient drive-thru.
April 2, 2017, there are about 167 company-owned Taco Cabana restaurants, and 7 franchised Taco Cabana restaurants in the U.S.
Fiesta Restaurant Group, Inc. (NASDAQ: FRGI) owns, operates and franchises the Pollo Tropical and Taco Cabana restaurant brands. As of October 2, 2016, in addition to the 171 Taco Cabana restaurants, it had 181 company-owned Pollo Tropical restaurants and 34 franchised Pollo Tropical restaurants in the U.S., Puerto Rico, the Bahamas, Guatemala, Honduras, Panama, Trinidad & Tobago, and Venezuela.
The company is headquartered in San Antonio, Texas. The brands specialize in the operation of fast-casual, ethnic restaurants that offer distinct flavors with broad appeal at a compelling value. Both brands feature made-from-scratch cooking, fresh salsa bars, drive-thru service and catering. As of January 12, 2018 the company has a net worth of $522.28 million.