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Restaurant

Taco John's (Business and RE)

1002 E Wellesley Ave, Spokane, WA 99207

Listing Price: $1,700,000

Cap Rate
6.25%
Tenant Name
Taco John's
Years Remaining On Lease
4.6
Gross SF
1,697
Guarantor
Franchisee Guarantee
Rentable SF
1,697
Price/Gross SF
$1,001.77
Lease Type
Absolute Net

Investment Overview

Marcus & Millichap is proud to offer for sale the only Taco John’s location in Spokane. The offering includes both the business enterprise value and the underlying fee simply real estate. The drive thru building was built in 2007 and is approximately 1,697 square feet and sits on a 0.26 acre parcel of land. The current operator has owned and managed this location since 2002. In 2007 the property was demolished and the existing building was constructed from the ground up. The Spokane store has a long history of strong store performance and a trend of year over year store sales growth. See listing agent for more information upon signing a non-disclosure agreement. The store is ideally located at the signalized intersection of East Wellesley Avenue and North Nevada Street which is just a few blocks east of North Division Street which is the main north-south throughfare through Spokane.

Investment Highlights

  • Rare Opportunity to Purchase the Only Taco John's (Business and Real Estate) in Spokane
  • First Time On Market in 20+ Years - Current Operator Has Owned Since 2002
  • Strong Financials and History of Sales Growth
  • Property Was Demolished and Built Brand New in 2007
  • Taco John's Has 375 Locations Nationally

Exclusively Listed By

Restaurant

Taco John's (Business and RE)

Listing Price: $1,700,000

Cap Rate
6.25%
Tenant Name
Taco John's
Years Remaining On Lease
4.6
Gross SF
1,697
Guarantor
Franchisee Guarantee
Rentable SF
1,697
Price/Gross SF
$1,001.77
Lease Type
Absolute Net

Investment Highlights

  • Rare Opportunity to Purchase the Only Taco John's (Business and Real Estate) in Spokane
  • First Time On Market in 20+ Years - Current Operator Has Owned Since 2002
  • Strong Financials and History of Sales Growth
  • Property Was Demolished and Built Brand New in 2007
  • Taco John's Has 375 Locations Nationally

Investment Overview

Marcus & Millichap is proud to offer for sale the only Taco John’s location in Spokane. The offering includes both the business enterprise value and the underlying fee simply real estate. The drive thru building was built in 2007 and is approximately 1,697 square feet and sits on a 0.26 acre parcel of land. The current operator has owned and managed this location since 2002. In 2007 the property was demolished and the existing building was constructed from the ground up. The Spokane store has a long history of strong store performance and a trend of year over year store sales growth. See listing agent for more information upon signing a non-disclosure agreement. The store is ideally located at the signalized intersection of East Wellesley Avenue and North Nevada Street which is just a few blocks east of North Division Street which is the main north-south throughfare through Spokane.

Exclusively Listed By

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