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405 E State Road 114
Levelland, TX 79336

Taco Bell · Retail Property For Sale

PROPERTY FACTS

Property Type
Retail
Property Subtype
Restaurant
Building Size
2,350 SF
Building Class
C
Year Built
2006
Tenancy
Single
Building Height
1 Story
Building FAR
0.08
Lot Size
0.66 AC
Zoning
F1
Parking
27 Spaces (10 Spaces per 1,000 SF Leased)

AMENITIES

  • Freeway Visibility
  • Signage
  • Drive Thru

ABOUT 405 E STATE ROAD 114 , LEVELLAND, TX 79336

The offering is an absolute net-leased Taco Bell operated by a franchisee with seven years remaining on the initial term, and a rental increase on May 1, 2021. There are also four 5-year options, with increases in rent every five years, providing a strong hedge against inflation. The absolute net leased nature of the investment yields zero landlord maintenance or expense responsibilities, providing passive cash-flow. The subject property is a 2,350 SF restaurant built in 2006 located in Levelland, TX. It is a pad to a Walmart Supercenter, the only one in Levelland, with the nearest Walmart Super Center over 25 miles away. It is located along the highly trafficked state Highway 114, and is only 1.5 miles from South Plains College, with over 9,000 students enrolled.

PROPERTY TAXES

  • Listing ID: 15007438

  • Date on Market: 1/28/2019

  • Last Updated:

  • Address: 405 E State Road 114, Levelland, TX 79336