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
- Extremely rare, 25-year base lease term | Nearly $4.6MM in guaranteed income | Average CAP of 6.04% (at List Price) over the base lease term
- Absolute NNN lease | Zero Landlord responsibilities
- Excellent access and visibility from Gilley Ave which sees ±19,400 VPD
- New construction asset with Taco Bell’s latest prototype
- Strong guarantee | Lease is backed by Tacala Tennessee Corp, a successful operator of 370+ Taco Bell locations | 93+ Units under Guarantee
- Walking distance to Mountain Empire Community College | 2,684 students enrolled
Executive Summary
• Extremely rare, 25-year base lease term | Nearly $4.6MM in guaranteed income | Average CAP of 6.04% over the base lease term, assuming purchase at List Price
• New construction asset with Taco Bell’s latest prototype
• Absolute NNN lease | Zero Landlord responsibilities
• Strong guarantee | Lease is backed by Tacala Tennessee Corp, an experienced and successful operator of 370+ Taco Bell locations across the Southeast and Texas | 93+ units under the guarantee
• Excellent access and visibility from Gilley Ave which sees ±19,400 VPD
• Walking distance to Mountain Empire Community College | 2,684 students enrolled
• Located less than a mile from Downtown
• Annual rent increases provide a hedge against inflation
• About 2 miles from:
• Union High School, Powell Valley Primary School, and Union Middle School | 2,200+ combined students enrolled
• Lonesome Pine Hospital | 71 beds
• Industry-leading brand with over 8,200 locations across 30+ countries, serving over 40MM customers weekly in the U.S. alone
• Over $11.7B in global sales for Yum! Brands
• New construction asset with Taco Bell’s latest prototype
• Absolute NNN lease | Zero Landlord responsibilities
• Strong guarantee | Lease is backed by Tacala Tennessee Corp, an experienced and successful operator of 370+ Taco Bell locations across the Southeast and Texas | 93+ units under the guarantee
• Excellent access and visibility from Gilley Ave which sees ±19,400 VPD
• Walking distance to Mountain Empire Community College | 2,684 students enrolled
• Located less than a mile from Downtown
• Annual rent increases provide a hedge against inflation
• About 2 miles from:
• Union High School, Powell Valley Primary School, and Union Middle School | 2,200+ combined students enrolled
• Lonesome Pine Hospital | 71 beds
• Industry-leading brand with over 8,200 locations across 30+ countries, serving over 40MM customers weekly in the U.S. alone
• Over $11.7B in global sales for Yum! Brands
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
Frontage
416 FT on Maxfield Road
Amenities
- Drive Thru
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
Contacts
-
Calvin Short -
Matt Coates -
Gary Chou -
Aron Cline -
Alexander McDonald -
Berkeley Capital Advisors
1 of 6
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New Construction Taco Bell | Rare, 25-Yr NNN | 504 Maxfield Rd
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