Retail•Free Standing•For Sale

TACO BELL IN MIDDLESBORO, KY

1231 North 12th Street, Middlesboro, Kentucky 40965

Sale Price $2,597,825
Tenant Yes
Bldg Type Single-Tenant
Class C
Status Existing
Year Built 2015
Year Renovated 2015
Stories 1
Cap Rate 5.25%
Total Avail 2,500 SqFt
RBA 2,500 SqFt
Commission 2% CO-OP
Net Lease Realty Partners is excited to present the rare opportunity to acquire the fee simple interest in a newly rebuilt Taco Bell site, located in Middlesboro, Kentucky. The property is well situated on a major retail thoroughfare as an outparcel to a large Wal-Mart Super Center. In 2015 the property was scraped and rebuilt to Taco Bell’s latest store prototype by the tenant. At that time the tenant also signed a brand new, 25-Year, Absolute NNN lease with (6) additional 5-Year options, demonstrating an extreme level of commitment to this site. The lease also features favorable 1% annual rent increases to the landlord, offering a strong hedge against inflation. The lease is guaranteed by TACALA Tennessee Corp., an entity of TACALA (www.tacala.com) whom is one of the largest Taco Bell franchisee’s in the Country, operating over 250+ locations throughout the Southern United States. The Absolute Net (NNN) Lease, offers a passive investor a strong return with ease of management responsibilities. With more than 20+ Years remaining on the current term, this asset is perfect for the “Coupon Clipper” investor.
  • - ABSOLUTE NET (NNN) LEASE
  • - OUT PARCEL TO A BUSY WAL-MART SUPER CENTER
  • - RE-BUILT IN 2015 TO LATEST TACO BELL PROTOTYPE
  • - DENSE RETAIL CORRIDOR

1 Spaces

Restaurant
1
8/12/2019 12:00:00 AM 8/13/2019 7:19:01 PM

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