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Restaurant

Taco Bell

1076 N Andy Griffith Pkwy, Mount Airy, NC 27030

Listing Price: $1,775,700

Cap Rate
5.35%
Tenant Name
Taco Bell
Guarantor
Franchisee Guarantee
Rentable SF
2,233
Lease Type
Triple Net (NNN)
Rent Per Square Feet
$42.54

Investment Overview

Marcus & Millichap is pleased to present the opportunity to acquire a new Taco Bell in Mount Airy, NC. This lease offers a brand new, 20-year, triple net (NNN) lease with four, five-year tenant renewal options. Lease commencement is upon the Close of Escrow (COE) with lease expiration 20 years from COE. There are four, five-year tenant renewal options with 10 percent rent increases every five years throughout the base term and option periods. This location is now open and includes a drive-thru lane.

Luihn VantEdge Partners, LLC is an experienced franchisee who owns and operates over 200 restaurants spanning over five states with more than 4,500 employees.

Mount Airy is in North Carolina's Piedmont Region, positioned in the foothills of the Blue Ridge Mountains, three miles south of the North Carolina-Virginia border. Often identified as "Mayberry," the city draws a connection to the fictional town of Mayberry from The Andy Griffith Show, utilizing this association to develop various Mayberry-themed attractions, such as the Andy Griffith Museum.

The metro area, comprising about 1.7 million people, is expected to increase by over 53,000 residents over the next five years. Functioning as a regional hub for technology, biotechnology, and retail companies, the metro is recognized for its involvement in textile, tobacco, and furniture manufacturing, hosting major corporations in these sectors. Among the notable companies headquartered in the metro is Hanesbrands, a Fortune 500 company, along with other significant operations by companies such as FedEx, Volvo Trucks, and the Honda Aircraft Company.

Outparcel to Food Lion Grocery Store Anchored Center. In addition to local retailers, surrounding national brands include Lowe’s Home Improvement, ALDI, Lowes Foods, Family Dollar, Dollar General, The Salvation Army Family Store, Petsense by Tractor Supply, The UPS Store, ModWash, Creekside Cinemas, Advance Auto Parts, O’Reilly Auto Parts, First Community Bank, Chili’s Grill & Bar, Cracker Barrel, Golden Corral, McDonald’s, Hardee’s, Waffle House, Wendy’s, Subway, Hardee’s, KFC, Arby’s, Pizza Hut, Chick-fil-A, Starbucks, Circle K, Hampton Inn, Comfort Inn & Suites, Holiday Inn, Walgreens and more.

Investment Highlights

  • Brand New, 20-Year, Triple Net (NNN) Lease with Four, Five-Year Tenant Renewal Options
  • Lease Commencement Upon Close of Escrow
  • New Location, Recently Built – Now Open!
  • 10 Percent Rent Increases Every Five Years Throughout Base Term and Option Periods
  • Property Includes a Drive-Thru Lane
  • Luihn Vantedge Partners, LLC Is an Experienced Franchisee Who Owns and Operates Over 200 Restaurants Spanning Over Five States with More Than 4,500 Employees
  • Located on U.S. Highway 52, Which Serves as a Strategic North–South Highway Through the Central North Carolina Piedmont Region, and Connects Mount Airy South Directly to Winston-Salem
  • Outparcel to Food Lion Grocery Store Anchored Center | In Addition to Local Retailers, Surrounding National Brands Include Lowe's Home Improvement, ALDI, Lowes Foods, Family Dollar, Dollar General, The Salvation Army Family Store, Petsense by Tractor Supply, The UPS Store, ModWash, Creekside Cinemas, Advance Auto Parts, O'Reilly Auto Parts, First Community Bank, Chili's Grill & Bar, Cracker Barrel, Golden Corral, McDonald's, Hardee's, Waffle House, Wendy's, Subway, Hardee's, KFC, Arby's, Pizza H

Exclusively Listed By

Broker of Record

  • Benjamin Yelm

    Vice President/Regional Manager

    (704) 831-4600

    License(s) NC: 303785

    North Carolina

Listing Price: $1,775,700

Cap Rate
5.35%
Tenant Name
Taco Bell
Guarantor
Franchisee Guarantee
Rentable SF
2,233
Lease Type
Triple Net (NNN)
Rent Per Square Feet
$42.54

Investment Highlights

  • Brand New, 20-Year, Triple Net (NNN) Lease with Four, Five-Year Tenant Renewal Options
  • Lease Commencement Upon Close of Escrow
  • New Location, Recently Built – Now Open!
  • 10 Percent Rent Increases Every Five Years Throughout Base Term and Option Periods
  • Property Includes a Drive-Thru Lane
  • Luihn Vantedge Partners, LLC Is an Experienced Franchisee Who Owns and Operates Over 200 Restaurants Spanning Over Five States with More Than 4,500 Employees
  • Located on U.S. Highway 52, Which Serves as a Strategic North–South Highway Through the Central North Carolina Piedmont Region, and Connects Mount Airy South Directly to Winston-Salem
  • Outparcel to Food Lion Grocery Store Anchored Center | In Addition to Local Retailers, Surrounding National Brands Include Lowe's Home Improvement, ALDI, Lowes Foods, Family Dollar, Dollar General, The Salvation Army Family Store, Petsense by Tractor Supply, The UPS Store, ModWash, Creekside Cinemas, Advance Auto Parts, O'Reilly Auto Parts, First Community Bank, Chili's Grill & Bar, Cracker Barrel, Golden Corral, McDonald's, Hardee's, Waffle House, Wendy's, Subway, Hardee's, KFC, Arby's, Pizza H

Investment Overview

Marcus & Millichap is pleased to present the opportunity to acquire a new Taco Bell in Mount Airy, NC. This lease offers a brand new, 20-year, triple net (NNN) lease with four, five-year tenant renewal options. Lease commencement is upon the Close of Escrow (COE) with lease expiration 20 years from COE. There are four, five-year tenant renewal options with 10 percent rent increases every five years throughout the base term and option periods. This location is now open and includes a drive-thru lane. Luihn VantEdge Partners, LLC is an experienced franchisee who owns and operates over 200 restaurants spanning over five states with more than 4,500 employees. Mount Airy is in North Carolina's Piedmont Region, positioned in the foothills of the Blue Ridge Mountains, three miles south of the North Carolina-Virginia border. Often identified as "Mayberry," the city draws a connection to the fictional town of Mayberry from The Andy Griffith Show, utilizing this association to develop various Mayberry-themed attractions, such as the Andy Griffith Museum. The metro area, comprising about 1.7 million people, is expected to increase by over 53,000 residents over the next five years. Functioning as a regional hub for technology, biotechnology, and retail companies, the metro is recognized for its involvement in textile, tobacco, and furniture manufacturing, hosting major corporations in these sectors. Among the notable companies headquartered in the metro is Hanesbrands, a Fortune 500 company, along with other significant operations by companies such as FedEx, Volvo Trucks, and the Honda Aircraft Company. Outparcel to Food Lion Grocery Store Anchored Center. In addition to local retailers, surrounding national brands include Lowe’s Home Improvement, ALDI, Lowes Foods, Family Dollar, Dollar General, The Salvation Army Family Store, Petsense by Tractor Supply, The UPS Store, ModWash, Creekside Cinemas, Advance Auto Parts, O’Reilly Auto Parts, First Community Bank, Chili’s Grill & Bar, Cracker Barrel, Golden Corral, McDonald’s, Hardee’s, Waffle House, Wendy’s, Subway, Hardee’s, KFC, Arby’s, Pizza Hut, Chick-fil-A, Starbucks, Circle K, Hampton Inn, Comfort Inn & Suites, Holiday Inn, Walgreens and more.

Exclusively Listed By

Broker of Record

  • Benjamin Yelm

    Vice President/Regional Manager

    (704) 831-4600

    License(s): NC: 303785

    North Carolina

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