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Restaurant

Taco John's

3650 10th St, Gering, NE 69341

Listing Price: $1,452,955

Cap Rate
6.00%
Tenant Name
Gering Hospitality TN, LLC
Years Remaining On Lease
19.8
Guarantor
Franchisee Guarantee
Rentable SF
2,138
Lease Type
Triple Net (NNN)
Rent Per Square Feet
$40.78

Investment Overview

Marcus & Millichap is pleased to present the exclusive listing for the Taco John’s located at 3650 10th St in Gering, Nebraska. The site consists of roughly 2,138 rentable square feet of building space on estimated 0.73-acre parcel of land. This Taco John’s will be subject to a 20-year absolute triple-net (NNN) lease, which will commence at the close of escrow. The annual rent will be $87,177 and will be scheduled to increase 1.50% annually throughout the base term and in each of the 4, 5-year renewal options.

Investment Highlights

  • Long-Term, 20-Year Absolute Triple Net (NNN) Lease
  • Site to be Reimaged | Contact Broker for more Information
  • One and a Half Percent (1.50%) Annual Rental Increases

Broker of Record

  • Jon Ruzicka

    First Vice President Investments

    (952) 852-9700

    License(s) NE: 20200223

    Nebraska

Restaurant

Taco John's

Listing Price: $1,452,955

Cap Rate
6.00%
Tenant Name
Gering Hospitality TN, LLC
Years Remaining On Lease
19.8
Guarantor
Franchisee Guarantee
Rentable SF
2,138
Lease Type
Triple Net (NNN)
Rent Per Square Feet
$40.78

Investment Highlights

  • Long-Term, 20-Year Absolute Triple Net (NNN) Lease
  • Site to be Reimaged | Contact Broker for more Information
  • One and a Half Percent (1.50%) Annual Rental Increases

Investment Overview

Marcus & Millichap is pleased to present the exclusive listing for the Taco John’s located at 3650 10th St in Gering, Nebraska. The site consists of roughly 2,138 rentable square feet of building space on estimated 0.73-acre parcel of land. This Taco John’s will be subject to a 20-year absolute triple-net (NNN) lease, which will commence at the close of escrow. The annual rent will be $87,177 and will be scheduled to increase 1.50% annually throughout the base term and in each of the 4, 5-year renewal options.

Broker of Record

  • Jon Ruzicka

    First Vice President Investments

    (952) 852-9700

    License(s): NE: 20200223

    Nebraska

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