New Atlanta-area Taco Bell retail building trades
JLL Capital Markets completed the $1.4M sale of the single-tenant building in Conyers
ATLANTA, Sept. 22, 2021 – JLL Capital Markets announced today that it has closed the $1.4 million sale of a newly constructed, 1,774-square-foot single-tenant retail building ground leased to Taco Bell in the suburban Atlanta community of Conyers, Georgia.
Completed in April 2021, the retail building is occupied by Taco Bell on a long-term ground lease. Taco Bell is the nation’s leading Mexican-inspired quick-service restaurant (QSR) brand and a subsidiary of Yum! Brands (Moody’s: Ba2). The building, which is equipped with a drive-thru, is at 427 Sigman Rd. NW in the Northside Village Shopping Center in Conyers, which is 21 miles east of downtown Atlanta. The property is at a signalized intersection with two schools and within walking distance from Piedmont Rockdale, a 138-bed hospital. Additionally, more than 65,600 residents earning an average annual household income of $74,434 live within a five-mile radius of the property.
The JLL Retail Capital Markets team that represented the seller was led by Director Michael Brewster, Senior Managing Director Brad Peterson and Senior Director Whitaker Leonhardt.
“Anyone who has tuned into football this past week has seen Taco Bell ignite the #SandwichTacoDebate with their entrance into the chicken sandwich wars,” Brewster said. “Once again, Taco Bell reaffirmed their status as a household name and one of the most innovative QSRs in the business.”
JLL Capital Markets is a full-service global provider of capital solutions for real estate investors and occupiers. The firm's in-depth local market and global investor knowledge delivers the best-in-class solutions for clients — whether investment sales and advisory, debt advisory, equity advisory or a recapitalization. The firm has more than 3,000 Capital Markets specialists worldwide with offices in nearly 50 countries.
For more news, videos and research resources on JLL, please visit the firm’s U.S. media center Web page: U.S. newsroom.
JLL (NYSE: JLL) is a leading professional services firm that specializes in real estate and investment management. JLL shapes the future of real estate for a better world by using the most advanced technology to create rewarding opportunities, amazing spaces and sustainable real estate solutions for our clients, our people and our communities. JLL is a Fortune 500 company with annual revenue of $16.6 billion in 2020, operations in over 80 countries and a global workforce of more than 92,000 as of June 30, 2021. JLL is the brand name, and a registered trademark, of Jones Lang LaSalle Incorporated. For further information, visit jll.com.