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Restaurant

Taco Bell - STRONG SALES

1716 MS-1, Greenville, MS 38701

Listing Price: $2,450,693

Cap Rate
5.05%
Tenant Name
Taco Bell
Years Remaining On Lease
12.4
Gross SF
2,460
Guarantor
Franchisee Guarantee
Rentable SF
2,460
Price/Gross SF
$996.22
Lease Type
Triple Net (NNN)
Rent Per Square Feet
$50.31

Investment Overview

Marcus & Millichap is pleased to present this Taco Bell property for sale. The property is subject to an Absolute Net lease expiring 12/31/2033 with K-Mac Enterprises, Inc, one of the largest operators in the Taco Bell system with nearly 300 locations. The property is an outparcel to Kroger Foods and located in a dominant retail corridor with neighboring tenants including Walmart Supercenter, Lowe's, McDonald's, TJ Maxx, Burger King, Wendy's, Subway, Hardee's, Pizza Hut, O'Reilly Auto Parts, Hibbert Sports and many others. This location boasts strong sales numbers that have been increasing year over year for several years providing the tenant with an extremely healthy rent to sales ratio. The lease in place is Absolute Net with zero landlord responsibilities and has 1% annual rent increases providing a hedge against inflation.

Investment Highlights

  • Extremely Healthy Rent to Sales Ratio
  • Operator is K-Mac Enterprises
  • Kroger Outparcel Located in a Major Retail Corridor Including Walmart Supercenter, Lowe's, TJ Maxx, McDonald's, Burger King, Wendy's & O'Reilly Auto Parts.
  • Sales Increasing Year Over Year Several Years in a Row
  • 1% Annual Rent Bumps Providing Hedge Against Inflation

Exclusively Listed By

Broker of Record

  • Mickey Davis

    Associate

    (901) 620-3600

    License(s) MS: 15586

    Mississippi

Restaurant

Taco Bell - STRONG SALES

Listing Price: $2,450,693

Cap Rate
5.05%
Tenant Name
Taco Bell
Years Remaining On Lease
12.4
Gross SF
2,460
Guarantor
Franchisee Guarantee
Rentable SF
2,460
Price/Gross SF
$996.22
Lease Type
Triple Net (NNN)
Rent Per Square Feet
$50.31

Investment Highlights

  • Extremely Healthy Rent to Sales Ratio
  • Operator is K-Mac Enterprises
  • Kroger Outparcel Located in a Major Retail Corridor Including Walmart Supercenter, Lowe's, TJ Maxx, McDonald's, Burger King, Wendy's & O'Reilly Auto Parts.
  • Sales Increasing Year Over Year Several Years in a Row
  • 1% Annual Rent Bumps Providing Hedge Against Inflation

Investment Overview

Marcus & Millichap is pleased to present this Taco Bell property for sale. The property is subject to an Absolute Net lease expiring 12/31/2033 with K-Mac Enterprises, Inc, one of the largest operators in the Taco Bell system with nearly 300 locations. The property is an outparcel to Kroger Foods and located in a dominant retail corridor with neighboring tenants including Walmart Supercenter, Lowe's, McDonald's, TJ Maxx, Burger King, Wendy's, Subway, Hardee's, Pizza Hut, O'Reilly Auto Parts, Hibbert Sports and many others. This location boasts strong sales numbers that have been increasing year over year for several years providing the tenant with an extremely healthy rent to sales ratio. The lease in place is Absolute Net with zero landlord responsibilities and has 1% annual rent increases providing a hedge against inflation.

Exclusively Listed By

Broker of Record

  • Mickey Davis

    Associate

    (901) 620-3600

    License(s): MS: 15586

    Mississippi

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