Restaurant

Taco Bell Leesburg

32605 Skinner Ave, Leesburg, FL 34788

Listing Price: $2,918,000

Cap Rate
5.75%
Tenant Name
Taco Bell
Years Remaining On Lease
11.2
Gross SF
2,188
Guarantor
Franchisee Guarantee
Rentable SF
2,188
Price/Gross SF
$1,333.64
Lease Type
Triple Net (NNN)
Rent Per Square Feet
$76.69

Investment Overview

Marcus & Millichap is proud to market the Taco Bell absolute net leased restaurant property located in Leesburg, Florida. The 2017 construction building is leased by 20 unit franchisee operator US Leaders Restaurants Inc. US Leaders is owned by Sailormen, Inc., the nation’s largest franchisee of Taco Bell and Popeye’s. US Leaders currently operates the bulk of their units in the greater Orlando, FL area. The lease has 11.5 years remaining on a 15 year original term with 10 percent base rental increases every 5 years. The tenant also collects billboard income further lowering their expense budget. Located on busy Skinner Avenue, this property is in the heart of a retail corridor that boasts over 35,000 cars daily along the avenue. This is an ideal management free investment for buyers looking for a Covid-proof drive-thru concept in this current health climate.

Investment Highlights

  • Lease Guaranteed by US Leader Restaurants, Inc., a 20 Unit Central Florida Franchisee with Collective Store Count of Over 170 Locations
  • Absolute NNN Lease with No Management Responsibilities
  • Covid-Resistant Drive-Thru Restaurant Concept
  • 11.5 Years Remaining on 15 Year Lease
  • Tenant Collecting Additional Income from Billboard Lease on Site

Exclusively Listed By

Listing Price: $2,918,000

Cap Rate
5.75%
Tenant Name
Taco Bell
Years Remaining On Lease
11.2
Gross SF
2,188
Guarantor
Franchisee Guarantee
Rentable SF
2,188
Price/Gross SF
$1,333.64
Lease Type
Triple Net (NNN)
Rent Per Square Feet
$76.69

Investment Highlights

  • Lease Guaranteed by US Leader Restaurants, Inc., a 20 Unit Central Florida Franchisee with Collective Store Count of Over 170 Locations
  • Absolute NNN Lease with No Management Responsibilities
  • Covid-Resistant Drive-Thru Restaurant Concept
  • 11.5 Years Remaining on 15 Year Lease
  • Tenant Collecting Additional Income from Billboard Lease on Site

Investment Overview

Marcus & Millichap is proud to market the Taco Bell absolute net leased restaurant property located in Leesburg, Florida. The 2017 construction building is leased by 20 unit franchisee operator US Leaders Restaurants Inc. US Leaders is owned by Sailormen, Inc., the nation’s largest franchisee of Taco Bell and Popeye’s. US Leaders currently operates the bulk of their units in the greater Orlando, FL area. The lease has 11.5 years remaining on a 15 year original term with 10 percent base rental increases every 5 years. The tenant also collects billboard income further lowering their expense budget. Located on busy Skinner Avenue, this property is in the heart of a retail corridor that boasts over 35,000 cars daily along the avenue. This is an ideal management free investment for buyers looking for a Covid-proof drive-thru concept in this current health climate.

Exclusively Listed By

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