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Restaurant

Taco Bell-NNN Lease w/Recent Extension

10736 Jefferson Ave, Newport News, VA 23601

Listing Price: $2,100,000

Cap Rate
5.35%
Tenant Name
Taco Bell
Years Remaining On Lease
14.6
Guarantor
Franchisee Guarantee
Rentable SF
1,755
Lease Type
Absolute Net
Rent Per Square Feet
$64.02

Investment Overview

Marcus & Millichap is pleased to present a net-leased investment opportunity consisting of a Taco Bell with drive-thru located at 10736 Jefferson Avenue in Newport News, Virginia. The property is subject to a triple-net (NNN) lease with over 14.5 years remaining on the current term. This follows a recently executed lease amendment that exercised the first two, five-year options. The tenants lease commitment now runs through December 31, 2039, and features scheduled rent escalations providing built-in rental growth and inflation protection for investors.

Built in 2014, the property sits on 23,050 SF (0.53 AC) of land with a 1,755 SF GLA building and benefits from its strong retail corridor location along Jefferson Avenue, a major commercial artery with over 45,000 Vehicles Per Day (VPD). The site is positioned on a signalized intersection, offering excellent visibility and convenient ingress and egress for both local and through traffic.

The property is located within the Virginia Beach–Norfolk–Newport News MSA—one of the largest metropolitan areas in the Southeast—offering strong regional demographics. Within a 3-mile radius, the site serves over 76,000 residents with an average household income exceeding $81,000. That figure rises to over 169,000 residents within a 5-mile radius, reinforcing the property's long-term retail viability.

This Taco Bell is operated by Burger Busters, a seasoned franchisee who operate a portfolio of 87 locations. The recently executed lease extension through 2039 underscores the tenant’s long-term commitment to the site and confidence in its continued performance. Surrounded by dense residential neighborhoods, major retail anchors, and strong traffic counts, the asset presents a highly stable, long-term investment opportunity with minimal landlord responsibilities.

Investment Highlights

  • Absolute Net Lease–Zero Landlord Responsibilities
  • Regularly Scheduled Rental Increases-Every Five Years
  • Recent Lease Extension–Just Over 14.5 Years Remaining–Strong Tenant Commitment
  • Operated by Award Winning Franchisee–Portfolio of 87 Stores
  • High Visibility Lighted Intersection–Combined 46,500+ VPD
  • Located Within the Virginia Beach – Norfolk – Newport News MSA-9th Largest MSA in the Southeast

Exclusively Listed By

Broker of Record

  • Brian Hosey

    Senior Managing Director / Market Leader

    (202) 536-3700

    License(s) VA: 0225247494

    Virginia

Restaurant

Taco Bell-NNN Lease w/Recent Extension

Listing Price: $2,100,000

Cap Rate
5.35%
Tenant Name
Taco Bell
Years Remaining On Lease
14.6
Guarantor
Franchisee Guarantee
Rentable SF
1,755
Lease Type
Absolute Net
Rent Per Square Feet
$64.02

Investment Highlights

  • Absolute Net Lease–Zero Landlord Responsibilities
  • Regularly Scheduled Rental Increases-Every Five Years
  • Recent Lease Extension–Just Over 14.5 Years Remaining–Strong Tenant Commitment
  • Operated by Award Winning Franchisee–Portfolio of 87 Stores
  • High Visibility Lighted Intersection–Combined 46,500+ VPD
  • Located Within the Virginia Beach – Norfolk – Newport News MSA-9th Largest MSA in the Southeast

Investment Overview

Marcus & Millichap is pleased to present a net-leased investment opportunity consisting of a Taco Bell with drive-thru located at 10736 Jefferson Avenue in Newport News, Virginia. The property is subject to a triple-net (NNN) lease with over 14.5 years remaining on the current term. This follows a recently executed lease amendment that exercised the first two, five-year options. The tenants lease commitment now runs through December 31, 2039, and features scheduled rent escalations providing built-in rental growth and inflation protection for investors. Built in 2014, the property sits on 23,050 SF (0.53 AC) of land with a 1,755 SF GLA building and benefits from its strong retail corridor location along Jefferson Avenue, a major commercial artery with over 45,000 Vehicles Per Day (VPD). The site is positioned on a signalized intersection, offering excellent visibility and convenient ingress and egress for both local and through traffic. The property is located within the Virginia Beach–Norfolk–Newport News MSA—one of the largest metropolitan areas in the Southeast—offering strong regional demographics. Within a 3-mile radius, the site serves over 76,000 residents with an average household income exceeding $81,000. That figure rises to over 169,000 residents within a 5-mile radius, reinforcing the property's long-term retail viability. This Taco Bell is operated by Burger Busters, a seasoned franchisee who operate a portfolio of 87 locations. The recently executed lease extension through 2039 underscores the tenant’s long-term commitment to the site and confidence in its continued performance. Surrounded by dense residential neighborhoods, major retail anchors, and strong traffic counts, the asset presents a highly stable, long-term investment opportunity with minimal landlord responsibilities.

Exclusively Listed By

Broker of Record

  • Brian Hosey

    Senior Managing Director / Market Leader

    (202) 536-3700

    License(s): VA: 0225247494

    Virginia

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