Taco Bell

Atchison, Kansas is a historic riverfront community located in northeastern Kansas along the Missouri River, approximately 45 minutes northwest of the Kansas City metropolitan area. Incorporated in 1858, the city is known for its scenic bluffs, preserved 19th-century architecture, and tree-lined brick streets that reflect its strong railroad and commercial heritage. With a population of roughly 11,000 residents, Atchison offers a small-town atmosphere supported by regional connectivity to major employment centers in Kansas City, Topeka, and St. Joseph, Missouri. The community is also widely recognized as the birthplace of famed aviator Amelia Earhart and attracts visitors through heritage tourism, festivals, and a vibrant historic downtown district. Atchison’s economy is anchored by a diverse mix of manufacturing, education, healthcare, retail trade, and agriculture, which collectively employ a significant share of the local workforce. Major employers include industrial manufacturers, healthcare providers, and higher education institutions such as Benedictine College, contributing to economic stability and consistent regional employment. The city benefits from a young median age, steady household income growth, and affordable housing costs compared to national averages, making it an attractive location for both residents and businesses seeking lower operating expenses within proximity to a major Midwest metro area. Continued investment in education, local commerce, and riverfront amenities supports Atchison’s role as a stable regional hub blending historic character with modern economic development.Fortis Net Lease is pleased to present the opportunity to acquire an Absolute NNN Ground Lease investment occupied by Taco Bell located at 937 Main Street in Atchison, Kansas. The property features a newly constructed 1,820 square foot freestanding restaurant situated on a 0.62-acre parcel along Main Street, a primary commercial corridor serving the Atchison trade area. The tenant operates under a 20-year Absolute NNN ground lease commencing at the close of escrow, providing investors with a passive ownership structure free from landlord responsibilities related to taxes, insurance, and maintenance. The offering is available at an asking price of $2,181,818, representing a 5.50% cap rate and annual Net Operating Income of $120,000. The lease includes attractive rental escalations of 8.0% every five years throughout the primary term and renewal options, along with four additional five-year renewal options extending long-term income stability. Backed by a nationally recognized quick-service restaurant brand and structured as a ground lease investment, this asset presents a secure, long-duration income stream with built-in rent growth ideal for investors seeking stable, inflation-hedged cash flow.