New Construction Taco Bell | Rare, 25-Yr NNN | 504 Maxfield Rd
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New Construction Taco Bell | Rare, 25-Yr NNN 504 Maxfield Rd
2,500 SF Retail Building Big Stone Gap, VA 24219 $3,037,000 ($1,215/SF) 5.35% Cap Rate
INVESTMENT HIGHLIGHTS
- Brand New 25-Year Lease | Scheduled Rental Increases |Options To Extend
- 50,000+ SF Food City | Nearby National/Credit Tenants
- Absolute NNN | Fee Simple Ownership | Zero Landlord Responsibilities
- Strong Demographics In 5-Mile Trade Area
EXECUTIVE SUMMARY
SRS National Net Lease is pleased to offer the opportunity to acquire the fee simple interest (land & building ownership) in an absolute NNN leased, Taco Bell investment property located in Big Stone Gap, Virginia. The tenant, Taco Bell, recently signed a brand-new, 25-year lease with 6 (5-year) options to extend, demonstrating their commitment to the site. The lease features 1% annual rental increases throughout the initial term and at the beginning of each option period, steadily growing NOI and hedging against inflation. The lease is absolute NNN with zero landlord responsibilities making it an ideal, management free investment opportunity for a passive investor.
PROPERTY FACTS
Sale Type
Investment NNN
Sale Condition
Build to Suit
Property Type
Retail
Property Subtype
Building Size
2,500 SF
Building Class
B
Year Built
2024
Price
$3,037,000
Price Per SF
$1,215
Cap Rate
5.35%
NOI
$162,500
Tenancy
Single
Building Height
1 Story
Building FAR
0.07
Lot Size
0.83 AC
Zoning
B-2
Parking
29 Spaces (11.6 Spaces per 1,000 SF Leased)
Frontage
416 FT on Maxfield Road
AMENITIES
- Dedicated Turn Lane
- Freeway Visibility
- Restaurant
- Signage
- Drive Thru
MAJOR TENANTS Click Here to Access
- TENANT
- INDUSTRY
- SF OCCUPIED
- RENT/SF
- LEASE TYPE
- LEASE END
- Taco Bell
- Accommodation and Food Services
-
99,999 SF
-
$9.99
-
Lorem Ipsum
-
Jan 0000
| TENANT | INDUSTRY | SF OCCUPIED | RENT/SF | LEASE TYPE | LEASE END | |
| Taco Bell | Accommodation and Food Services | 99,999 SF | $9.99 | Lorem Ipsum | Jan 0000 |
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | R018915 | Improvements Assessment | $0 |
| Land Assessment | $274,100 | Total Assessment | $274,100 |
PROPERTY TAXES
Parcel Number
R018915
Land Assessment
$274,100
Improvements Assessment
$0
Total Assessment
$274,100
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New Construction Taco Bell | Rare, 25-Yr NNN | 504 Maxfield Rd
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