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Restaurant

Taco Bell

16 Maple St, Whitesburg, KY 41858

Listing Price: $2,750,000

Cap Rate
4.67%
Tenant Name
Taco Bell
Years Remaining On Lease
19.9
Gross SF
2,740
Guarantor
Franchisee Guarantee
Rentable SF
2,740
Price/Gross SF
$1,003.65
Lease Type
Triple Net (NNN)
Rent Per Square Feet
$46.89

Investment Overview

Marcus & Millichap is pleased to present this absolute triple-net lease Taco Bell restaurant located in Whitesburg, Kentucky. The property will be operated by AG Bells LLC, part of a multi-brand franchisee operating Taco Bells, Burger Kings, Little Caesars and Church’s Chickens in multiple states. The property consists of approximately a 1.07-acre site improved with an approximately 2,740-square foot building. The restaurant has 20 years remaining of the original 25-year lease with annual base rent of $128,480. The lease also calls for 7.5 percent rental increases every five years in the base term, as well as the four five-year renewal options. SITE FUNDAMENTALS The restaurant is located near the Kentucky-Virginia border along State Highway 15, a strong commuter route connecting the southeast communities to Lexington with daily traffic counts exceeding 11,000 VPD. The hard-corner lot has two points of ingress/egress and easy access from all cardinal directions with no restrictive median to curb cross access. Nearby retailers include Wendy’s, Dairy Queen, and Long John Silver’s. ESTABLISHED PRESENCE Build in 2016, the restaurant has an established presence in the community with strong unit level sales. The site serves several communities within the region and enjoys limited QSR competition, being the only Taco Bell within 25 miles. STRONG GUARANTEE | GLOBALY RECOGNIZED BRAND Taco Bell is an American chain of fast-food restaurants based out of Irvine, California and a subsidiary of Yum! Brands, Inc. The restaurants serve a variety of Tex-Mex foods that include tacos, burritos, quesadillas, nachos, novelty and specialty items, and a variety of "value menu" items. As of 2018, Taco Bell serves more than 2 billion customers each year at 7,000 restaurants, more than 80 percent of which are owned and operated by independent franchisees and licensees.

Investment Highlights

  • 20-Year Absolute NNN Lease | Four 5-Year Options
  • Located on More than 1-Acre on Hard Corner
  • Guaranteed by Multi-Brand, Multi-State Franchisee

Exclusively Listed By

Broker of Record

  • Colby Haugness

    First Vice President Investments

    (513) 878-7733

    License(s) KY: 242197

    Kentucky

Listing Price: $2,750,000

Cap Rate
4.67%
Tenant Name
Taco Bell
Years Remaining On Lease
19.9
Gross SF
2,740
Guarantor
Franchisee Guarantee
Rentable SF
2,740
Price/Gross SF
$1,003.65
Lease Type
Triple Net (NNN)
Rent Per Square Feet
$46.89

Investment Highlights

  • 20-Year Absolute NNN Lease | Four 5-Year Options
  • Located on More than 1-Acre on Hard Corner
  • Guaranteed by Multi-Brand, Multi-State Franchisee

Investment Overview

Marcus & Millichap is pleased to present this absolute triple-net lease Taco Bell restaurant located in Whitesburg, Kentucky. The property will be operated by AG Bells LLC, part of a multi-brand franchisee operating Taco Bells, Burger Kings, Little Caesars and Church’s Chickens in multiple states. The property consists of approximately a 1.07-acre site improved with an approximately 2,740-square foot building. The restaurant has 20 years remaining of the original 25-year lease with annual base rent of $128,480. The lease also calls for 7.5 percent rental increases every five years in the base term, as well as the four five-year renewal options. SITE FUNDAMENTALS The restaurant is located near the Kentucky-Virginia border along State Highway 15, a strong commuter route connecting the southeast communities to Lexington with daily traffic counts exceeding 11,000 VPD. The hard-corner lot has two points of ingress/egress and easy access from all cardinal directions with no restrictive median to curb cross access. Nearby retailers include Wendy’s, Dairy Queen, and Long John Silver’s. ESTABLISHED PRESENCE Build in 2016, the restaurant has an established presence in the community with strong unit level sales. The site serves several communities within the region and enjoys limited QSR competition, being the only Taco Bell within 25 miles. STRONG GUARANTEE | GLOBALY RECOGNIZED BRAND Taco Bell is an American chain of fast-food restaurants based out of Irvine, California and a subsidiary of Yum! Brands, Inc. The restaurants serve a variety of Tex-Mex foods that include tacos, burritos, quesadillas, nachos, novelty and specialty items, and a variety of "value menu" items. As of 2018, Taco Bell serves more than 2 billion customers each year at 7,000 restaurants, more than 80 percent of which are owned and operated by independent franchisees and licensees.

Exclusively Listed By

Broker of Record

  • Colby Haugness

    First Vice President Investments

    (513) 878-7733

    License(s): KY: 242197

    Kentucky

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