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Restaurant

9.5 Year Taco Bell

32605 Skinner Ave, Leesburg, FL 34788

Listing Price: $3,770,675

Cap Rate
4.45%
Tenant Name
Taco Bell
Years Remaining On Lease
9.6
Guarantor
Franchisee Guarantee
Rentable SF
2,188
Lease Type
Absolute Net
Rent Per Square Feet
$76.69

Investment Overview

Marcus & Millichap is pleased to provide this absolute net-leased Taco Bell Restaurant to the market. The property is in the bustling community of Leesburg, FL located at 32605 Skinner Ave. The newly constructed 2017 building sits on a well-positioned .68 acre, corner parcel in the heart of this retail corridor which averages over 35,000 VPD. The original 15-year lease term has just under 10 years remaining, there are 10% base rent escalations every 5 years in the term and in each of the 5, five-year options. The lease is backed by US Leader Restaraunts, Inc. a very strong, 25-unit franchisee with the bulk of their units in the greater Orlando MSA. USL is operated and managed by Tony Capley, a 30+ year veteran who previously worked with the Taco Bell Corporation before joing USL. This investment provides an investor a a truely passive, covid impact resisitant retailer with a steady cash flowing asset in a thriving area of central Florida at the crossroads of the greatest geographic expansion in Florida’s modern history.

Investment Highlights

  • 9.5 Years Remaining of Original 15 Year Lease
  • Absolute NNN Lease with No Landlord Responsibilities
  • Very Strong 28-Unit Guarantee with US Leader Restaurants, Inc.
  • Well Positioned Corner Parcel in Leesburg, FL Currently Experiencing Significant Population Expansion
  • Income Tax Free State
  • Newer 2017 Construction

Exclusively Listed By

Financing By

Restaurant

9.5 Year Taco Bell

Listing Price: $3,770,675

Cap Rate
4.45%
Tenant Name
Taco Bell
Years Remaining On Lease
9.6
Guarantor
Franchisee Guarantee
Rentable SF
2,188
Lease Type
Absolute Net
Rent Per Square Feet
$76.69

Investment Highlights

  • 9.5 Years Remaining of Original 15 Year Lease
  • Absolute NNN Lease with No Landlord Responsibilities
  • Very Strong 28-Unit Guarantee with US Leader Restaurants, Inc.
  • Well Positioned Corner Parcel in Leesburg, FL Currently Experiencing Significant Population Expansion
  • Income Tax Free State
  • Newer 2017 Construction

Investment Overview

Marcus & Millichap is pleased to provide this absolute net-leased Taco Bell Restaurant to the market. The property is in the bustling community of Leesburg, FL located at 32605 Skinner Ave. The newly constructed 2017 building sits on a well-positioned .68 acre, corner parcel in the heart of this retail corridor which averages over 35,000 VPD. The original 15-year lease term has just under 10 years remaining, there are 10% base rent escalations every 5 years in the term and in each of the 5, five-year options. The lease is backed by US Leader Restaraunts, Inc. a very strong, 25-unit franchisee with the bulk of their units in the greater Orlando MSA. USL is operated and managed by Tony Capley, a 30+ year veteran who previously worked with the Taco Bell Corporation before joing USL. This investment provides an investor a a truely passive, covid impact resisitant retailer with a steady cash flowing asset in a thriving area of central Florida at the crossroads of the greatest geographic expansion in Florida’s modern history.

Exclusively Listed By

Financing By

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