Restaurant
Taco Bell | 23+ Year Abs NNN
4786 TN-58, Chattanooga, TN 37416
Listing Price: $1,515,000
Cap Rate
4.00%
Tenant Name
Taco Bell
Years Remaining On Lease
23.4
Gross SF
2,916
Guarantor
Franchisee Guarantee
Rentable SF
2,916
Price/Gross SF
$519.55
Lease Type
Absolute Net
Rent Per Square Feet
$20.78
Investment Overview
Brand New Taco Bell with 23+ Year Absolute NNN Lease in Chattanooga, TN
Taco Bell | 23+ Year Abs NNN
Investment Highlights
- Brand New Taco Bell with 23+ Year Absolute NNN Lease in Chattanooga, TN
- Top-Tier Taco Bell Store per Placer.AI Data: Top 5% of All Locations Nationally and the #12 Store in Tennessee (205 Locations)
- Very Low Rent for a Fast-Food Service Restaurant of $20.78 Per Square-Foot
- Operating Successfully at Location for 20+ Years | Rebuilt to Newest Prototype in 2020
- Operated by Tacala Companies | 300+ Locations Throughout 7 States | 14th Largest Taco Bell Franchisee (Source: Franchise Times, 2020)
- Strong Access and Visibility to 39,400 Vehicles Per Day Along Highway 58
- Property Features 800 Square-Foot of Outdoor Patio Seating with Partial Canopy Covering
- One Percent Annual Rental Increases During the Base Term & Renewal Options
Listing Price: $1,515,000
Cap Rate
4.00%
Tenant Name
Taco Bell
Years Remaining On Lease
23.4
Gross SF
2,916
Guarantor
Franchisee Guarantee
Rentable SF
2,916
Price/Gross SF
$519.55
Lease Type
Absolute Net
Rent Per Square Feet
$20.78
Investment Highlights
- Brand New Taco Bell with 23+ Year Absolute NNN Lease in Chattanooga, TN
- Top-Tier Taco Bell Store per Placer.AI Data: Top 5% of All Locations Nationally and the #12 Store in Tennessee (205 Locations)
- Very Low Rent for a Fast-Food Service Restaurant of $20.78 Per Square-Foot
- Operating Successfully at Location for 20+ Years | Rebuilt to Newest Prototype in 2020
- Operated by Tacala Companies | 300+ Locations Throughout 7 States | 14th Largest Taco Bell Franchisee (Source: Franchise Times, 2020)
- Strong Access and Visibility to 39,400 Vehicles Per Day Along Highway 58
- Property Features 800 Square-Foot of Outdoor Patio Seating with Partial Canopy Covering
- One Percent Annual Rental Increases During the Base Term & Renewal Options
Investment Overview
Brand New Taco Bell with 23+ Year Absolute NNN Lease in Chattanooga, TN
