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Taco Bell - Low Rent | 350+ Unit Operator 931 Dolly Parton Pky
2,609 SF Retail Building Sevierville, TN 37862 $2,550,000 ($977/SF) 4.50% Cap Rate
Investment Highlights
- 15 Years Remaining on an Absolute NNN Lease with Tacala Companies, One of the Largest Operators of Taco Bell Franchises (350+ Locations)
- Absolute NNN Lease with Zero Landlord Responsibilities | Current Rent is Well Below Market at Just $114,770 Per Year
- Located on Dolly Parton Parkway, a Main Retail Thoroughfare with Traffic Counts Exceeding 65,000 Cars Per Day
Executive Summary
--Located on Dolly Parton Parkway, a Main Retail Thoroughfare with Traffic Counts Exceeding 65,000 Cars Per Day--
--Absolute NNN Lease with Zero Landlord Responsibilities | Current Rent is Well Below Market at Just $114,770 Per Year--
--Absolute NNN Lease with One of Taco Bell’s Largest Operators--
-Operated and Guaranteed by Tacala Tennessee Corp, a Subsidiary of the Tacala Company (350+ Taco Bell Locations)
-Tacala Fully Rebuilt the Subject Property in 2014, Proving Their Commitment to the Site
-The Subject Property Features 1% Annual Increases and Six, Five-Year Options, Providing for a Long-Term Easy-to-Own Investment
-Zero Landlord Responsibilities – Ideal for Investors Not Local to the Market
-Excellent Operating History - The Subject Property Has Operated Successfully as a Taco Bell for Nearly 20 Years
--Strong Real Estate Fundamentals--
-Excellent Exposure and Signage Along Dolly Parton Parkway (US-411) | Adjacent to the Signalized Intersection of US-411 and Veterans Boulevard (65,000 Cars Per Day)
-Sevierville (“Severe-ville”), TN is the County Seat of Sevier County – the City Benefits from a Strategic Location Along US-411 and is Located in Close Proximity to Vibrant Tourist Destinations such as the Great Smoky Mountains
-Excellent Location Along a Main Retail Thoroughfare – Dolly Parton Parkway Provides Easy Access to a Number of Retail Properties as Well as Sevierville Civic Center (City Hall, Community Center, and Bowling Center) in Addition to Sevier County High School and Junior High (2,500+ Students)
-Strong Surrounding Credit Tenant Presence Including A&W, KFC, Bojangles’, Wendy’s, McDonald’s, Food City, and Many More
-Infill Area – Daytime Population Counts Exceed 47,000 Within 5 Miles and Average Household Income Exceeds $80,000 Within 5 Miles
Broker of Record:
Jody McKibben
License: #307629
6 Cadillac Drive, Suite 100
Brentwood, TN 37027
Property Facts
Amenities
- Pylon Sign
- Drive Thru
MAJOR TENANTS
- Tenant
- Industry
- SF OCCUPIED
- RENT/SF
- Lease Type
- Lease End
-
- Accommodation and Food Services
- 2,609 SF
- -
- Triple Net
- Nov 2039
Taco Bell was born and raised in California and has been around since 1962. They went from selling everyone’s favorite Crunchy Tacos on the West Coast to a global brand. They're not only the largest Mexican-inspired quick service brand (QSR) in the world, they’re also part of the biggest restaurant group in the world: Yum! Brands. Much of their fan love and authentic connection with their communities are rooted in being rebels with a cause. From ensuring they use high quality, sustainable ingredients to elevating restaurant technology in ways that hasn’t been done before, they will continue to be inclusive, bold, challenge the status quo and push industry boundaries. They’re a company that celebrates and advocates for different, has bold self-expression, strives for a better future, and brings the fun while they’re at it. They fuel their culture with real people who bring unique experiences. They inspire and enable their teams and the world to Live Más.
| Tenant | Industry | SF OCCUPIED | RENT/SF | Lease Type | Lease End | |
|
|
Accommodation and Food Services | 2,609 SF | - | Triple Net | Nov 2039 |
-
Ron Duong -
Marcus & Millichap
Presented by
Taco Bell - Low Rent | 350+ Unit Operator | 931 Dolly Parton Pky
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