Skip to main content

Restaurant

Taco Bell - 350+ Unit Operator | Low Rent

931 Dolly Parton Pkwy, Sevierville, TN 37862

Listing Price: $2,550,000

Cap Rate
4.50%
Tenant Name
Taco Bell
Years Remaining On Lease
15.0
Guarantor
Franchisee Guarantee
Rentable SF
2,609
Lease Type
Absolute Net
Rent Per Square Feet
$43.99

Investment Overview

--Absolute NNN Lease with One of Taco Bell’s Largest Operators--

-Operated and Guaranteed by Tacala Tennessee Corp, a Subsidiary of the Tacala Company (350+ Taco Bell Locations)

-Tacala Fully Rebuilt the Subject Property in 2014, Proving Their Commitment to the Site

-The Subject Property Features 1% Annual Increases and Six, Five-Year Options, Providing for a Long-Term Easy-to-Own Investment

-Zero Landlord Responsibilities – Ideal for Investors Not Local to the Market

-Excellent Operating History - The Subject Property Has Operated Successfully as a Taco Bell for Nearly 20 Years

--Strong Real Estate Fundamentals--

-Excellent Exposure and Signage Along Dolly Parton Parkway (US-411) | Adjacent to the Signalized Intersection of US-411 and Veterans Boulevard (65,000 Cars Per Day)

-Sevierville (“Severe-ville”), TN is the County Seat of Sevier County – the City Benefits from a Strategic Location Along US-411 and is Located in Close Proximity to Vibrant Tourist Destinations such as the Great Smoky Mountains

-Excellent Location Along a Main Retail Thoroughfare – Dolly Parton Parkway Provides Easy Access to a Number of Retail Properties as Well as Sevierville Civic Center (City Hall, Community Center, and Bowling Center) in Addition to Sevier County High School and Junior High (2,500+ Students)

-Strong Surrounding Credit Tenant Presence Including A&W, KFC, Bojangles’, Wendy’s, McDonald’s, Food City, and Many More

-Infill Area – Daytime Population Counts Exceed 47,000 Within 5 Miles and Average Household Income Exceeds $80,000 Within 5 Miles

Investment Highlights

  • 15 Years Remaining on an Absolute NNN Lease with Tacala Companies, One of the Largest Operators of Taco Bell Franchises (350+ Locations)
  • Located on Dolly Parton Parkway, a Main Retail Thoroughfare with Traffic Counts Exceeding 65,000 Cars Per Day
  • Absolute NNN Lease with Zero Landlord Responsibilities | Current Rent is Well Below Market at Just $114,770 Per Year

Exclusively Listed By

Broker of Record

  • Jody McKibben

    First Vice President/Regional Manager

    (615) 997-2800

    License(s) TN: 307629

    Tennessee

Restaurant

Taco Bell - 350+ Unit Operator | Low Rent

Listing Price: $2,550,000

Cap Rate
4.50%
Tenant Name
Taco Bell
Years Remaining On Lease
15.0
Guarantor
Franchisee Guarantee
Rentable SF
2,609
Lease Type
Absolute Net
Rent Per Square Feet
$43.99

Investment Highlights

  • 15 Years Remaining on an Absolute NNN Lease with Tacala Companies, One of the Largest Operators of Taco Bell Franchises (350+ Locations)
  • Located on Dolly Parton Parkway, a Main Retail Thoroughfare with Traffic Counts Exceeding 65,000 Cars Per Day
  • Absolute NNN Lease with Zero Landlord Responsibilities | Current Rent is Well Below Market at Just $114,770 Per Year

Investment Overview

--Absolute NNN Lease with One of Taco Bell’s Largest Operators-- -Operated and Guaranteed by Tacala Tennessee Corp, a Subsidiary of the Tacala Company (350+ Taco Bell Locations) -Tacala Fully Rebuilt the Subject Property in 2014, Proving Their Commitment to the Site -The Subject Property Features 1% Annual Increases and Six, Five-Year Options, Providing for a Long-Term Easy-to-Own Investment -Zero Landlord Responsibilities – Ideal for Investors Not Local to the Market -Excellent Operating History - The Subject Property Has Operated Successfully as a Taco Bell for Nearly 20 Years --Strong Real Estate Fundamentals-- -Excellent Exposure and Signage Along Dolly Parton Parkway (US-411) | Adjacent to the Signalized Intersection of US-411 and Veterans Boulevard (65,000 Cars Per Day) -Sevierville (“Severe-ville”), TN is the County Seat of Sevier County – the City Benefits from a Strategic Location Along US-411 and is Located in Close Proximity to Vibrant Tourist Destinations such as the Great Smoky Mountains -Excellent Location Along a Main Retail Thoroughfare – Dolly Parton Parkway Provides Easy Access to a Number of Retail Properties as Well as Sevierville Civic Center (City Hall, Community Center, and Bowling Center) in Addition to Sevier County High School and Junior High (2,500+ Students) -Strong Surrounding Credit Tenant Presence Including A&W, KFC, Bojangles’, Wendy’s, McDonald’s, Food City, and Many More -Infill Area – Daytime Population Counts Exceed 47,000 Within 5 Miles and Average Household Income Exceeds $80,000 Within 5 Miles

Exclusively Listed By

Broker of Record

  • Jody McKibben

    First Vice President/Regional Manager

    (615) 997-2800

    License(s): TN: 307629

    Tennessee

MM Texture Background
MM Textured Background Lower